VLF – FAQ
- Workers compensation schemes;
- Statutory compensation, pension or similar schemes;
- Income benefits from other policies of insurance, mutual funds and/or superannuation trustee(s); and
- Any employer funded sick leave payments or other employer funded benefits.
VLF will top up any offset payments to reach 95% of your EBA base salary.
For the full table with details of cost and Company reimbursement, view VLF – LoL Protection.
Virgin Australia Airlines New Zealand Crewing & Employment EBA Amount: NZD2,600
Your Loss of Licence Protection Limit will be calculated on the exchange rate as at 1 May 2018.
Please contact VIPA Financial Services to discuss your required LoL Protection Limit.
Please note VLF Protection limits are in Australian dollars.
Virgin Australia Narrow Body – $2,858.90
Virgin Australia Wide Body – $2,858.90
VARA – $1,360.26
Tigerair – $1,708.20
VANZ – NZD2,600 or 1.5% of base salary.