Why MBF Stands Out FAQ

Why MBF Loss of Licence cover stands out

FAQs to help you compare.

What is included under MBF cover?
All Loss of Licence features under one portable, worldwide cover
Immediate $100k Trauma Benefit-no wait period
Up to $15k per month for temporary loss of Class 1 Medical
Up to $800k Capital Benefit for permanent loss of Class 1 Medical ($1.2m from 1 May 2026)
Free additional Death Benefit up to $400k
Capital + Death Benefits both payable.
Am I covered while on holiday?
Yes. Illness/injury resulting in loss of Class 1 privileges or death, is covered.
Does MBF cover mental health conditions?
Yes. Monthly Benefits for most conditions; Capital Benefit for bipolar disorder and schizophrenia.
Are any conditions excluded?
We are transparent. Pre-existing conditions may have restrictions. General exclusions are specified in the 2025/26 Fund Rules.
How does MBF Death Benefit work?
For no extra cost, this benefit starts at $150k and increases $10k per year to $400k max. Paid to your beneficiaries plus any Capital Benefit Balance.
Am I still covered with MBF if I change employers?
Yes. When you change piloting employers, you need to let us know so we can updated your membership details.
Can I claim from MBF even if I receive benefits from another provider?
Yes. MBF does not offset against other policies you may hold.
What happens if I am on WorkCover?
MBF Benefits are payable only after the third-party liability ends (Workers’ Compensation, DVA, transport/accident compensation schemes, employer payments, state/federal law claims or public/private liability insurers).If you don’t receive employer “make-up pay,” MBF may top up your Monthly Benefit once approved.
Can I use my Employer Allowance and does MBF bulk bill?
Yes. Depending on your employer agreement, you may be able to claim Contributions. MBF bulk bills some employers directly, and allowances are shown when you join/renew.
What are MBF's waiting periods?
- Monthly Benefits (temporary loss): 28 days
- Capital Benefit (permanent loss): 84 days
- No wait period for Trauma Benefit claim.
Does MBF offer a loyalty reward?
Yes. When you leave the Fund or reach 65, with 20 plus continuous years, you can apply for a Refund of Contributions (ROC) up to $75k (less any claims).
Does MBF pay Return of Contributions?
Yes. MBF has always paid ROCs in accordance with the Rules. Last year, $1.8m was paid to 36 members. Details are in our Annual Report.
Is MBF financially secure?
Yes. Protecting pilots since 1961 with approximately $150m invested member funds and $87m+ net assets last year. Membership now exceeds 3,700. Read our Annual Report.
How much has MBF paid in claims over past 4 years?
Over $7.8m in Monthly Benefits and nearly $30m in Capital Benefits. Annual Reports available on our website.
Are MBF's 2026/27 Contribution Rates out now?
Yes. Contribution rates are set and published online for the next Fund Year. Even more MBF Benefits will be available too. To see next year's Contributions, visit 2026 Changes and Benefits.
Does MBF pay dividends, agent fees or commissions?
No. As a Mutual, all surpluses stay within the Fund. MBF does not use brokers or pay commissions.
Can I stay covered if unemployed from piloting?
Yes. Cover continues for the remainder of the Fund year plus three more years, provided you maintain your Class 1 and AFAP membership.
Can I keep my MBF cover if I am piloting overseas?
Yes. Cover continues as long as you hold an Australian Class 1 (or foreign equivalent). All claims are assessed against the failure of Australian Class 1 Standards.
Is it easy to apply?
Yes. You can obtain an instant quote first. If you're happy with the quote then join online with full or monthly payment options.
Do I need to renew every year?
Yes. Renewal is 1–31 May. Bulk billing applies where available.

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Email: membership@aapmbf.com.au
Phone: (03) 9928 4500

Disclaimer: Always read the Fund Rules and PDS before deciding if this product is right for you.