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METHOD of PAYMENT
For ease of administration, we prefer credit card transactions, but any of the following methods are acceptable forms of payment.
CREDIT CARD TRANSACTIONS
We require the following information:
- Card Type (Visa or MasterCard only)
- Card Number
- Verification Code (cvv)
- Name on Card
- Expiry Date
- Billing Address (your address where the credit card company know you)
Foreign currency transaction charge: We do not make any charges for credit card transactions. However, our credit card terminal is registered to a UK bank. Although transactions are taken in US$ some credit card companies may charge a foreign transaction charge. We recommend that you call your card provider to verify if this will be charged. Click here for more information.
PERSONAL US DOLLAR CHEQUE or DRAFT (drawn on a US bank)
To be made payable to Talent Trust Consultants and sent to:
- Talent Trust Consultants
- A-27-2 Miami Green
- Jalan Pantai Miami
- Batu Ferringhi
- 11100 Penang
- Malaysia
Note: Please add US$5 for the processing fees.
TELEGRAPHIC TRANSFERS
TTc's bank account details :
- Talent Trust Consultants (US$) Account Number: 69953495
- IBAN Number: GB58 MIDL 4005 1569 9534 95 or Swift Code: MIDLGB22
- Bank address: HSBC Bank plc, Electronic Payment Services, P.O. Box 181,
- 2nd Floor, 62-76 Park Street, London SE1 9SW, UK, Sort Code: 40-05-15
Note: Please add US$20 for the processing fees and use your own name as the transfer reference, also fax us a copy of the transfer receipt please.
TERMS of PAYMENT
Membership is an annual contract, therefore members are reminded that they are responsible for the whole year's premium, even if we agree that they may pay in monthly or quarterly installments.
ANNUAL PAYMENT
All our published rates are annual premiums. Our prefered terms of payments is annually.
QUARTERLY PAYMENTS
We do not normally permit quarterly payments for our members. However, for groups of ten or more members it is possible and/or for renewing members that are suffering from temporary financial problems. No charges are made for quarterly payments. This is a limited facility, we kindly request that members pay off their quarterly payment obligations when they are financially able.
MONTHLY PAYMENTS
Members may pay on a monthly basis, but in order to cover the cost of financing, as we need to pay our underwriters in full when a new policy is taken out, we charge a 6% loading on the premium (0.5% per month).
EARLY SETTLEMENT
In the event that you are able and wish to settle the rest of your monthly payment early, you can do so. We will only charge you interest for the months that have already passed, and not for the remaining months.
Note: This healthcare program is an annual contract between TTc and the insurers. Although we do allow a number of individuals to pay on a monthly or quarterly basis, we need to stress that this, in no way, means it is a monthly or quarterly contract with members. Therefore, a member should not simply stop paying part-way through a year without first informing us. If we receive instruction (fax or email) within 30 days of commencement, we will arrange termination of cover and grant a full refund (less a US$20 processing fee) provided no claims have been made.
CANCELLATION or TERMINATION
Members wanting to terminate their coverage early, after leaving mission or church service, may seek a refund against the unused portion of their premium. This refund will naturally be subject to there having no claims submitted during a member’s current insured year. It is important to note that we can only terminate coverage from the date we receive notification from the member concerned. If you are paying monthly, TTc will only charge you interest on the months that have already passed. In the event you have made a claim on the policy, there will be no refund and you will still be liable for the remaining payments for your policy as it is an annual contract
OPERATING on TRUST
Because we operate on trust and start or renew a member's cover immediately (even ahead of premium receipt), we operate the following guidelines: Until such time as a member's payment is received, a suspension of any reimbursement is applied to his or her coverage. If payment is delayed, without prior agreement, automatic termination takes place on Day 55. However, this does not mean that during the suspension period a member's coverage becomes void, only that any request for a claim settlement would be delayed until the member’s account had been brought up to date. Likewise, it does not negate a member's contractual obligation to make the said payment.
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