No Claims Bonus
At Talent Trust, we reward our members for staying healthy, which helps us keep our premiums down.
Our No Claims Bonus (NCB) rewards members who either stay healthy or help keep the cost of minor claims from being inflated by administrative costs. As a result, many members are saving hundreds or thousands on their premium each year.
Did you know that the administrative costs on a US$5 claim are very similar to processing a US$5,000 claim?
It is somewhere between US$80 and US$150.
Reducing these small claims makes a big impact on the costs of providing insurance.
How It Works
Members are rewarded with a 10% discount for each year there are no claims reimbursed. After 5 years the discount is 50%. This reduces the annual cost each year a claim is not filed.
No Claims Period | Percentage Discount on Standard Rate | Example |
| Sign up | 0 | $1000 |
| 1 years | 10% | $900 |
| 2 years | 20% | $800 |
| 3 years | 30% | $700 |
| 4 years | 40% | $600 |
| 5 years+ | 50% | $500 |
What Happens When You Make a Claim?
Should you need to make a small claim, your NCB discount would drop two levels upon renewal.
If your claim exceeds US$10,000 in the USA or US$25,000 outside the USA, your premium reverts to your standard price. You can again rebuild your NCB discount by 10% a year thereafter.
Our team can help you to decide about making a claim or not.
Here is a real example from one of our members.
Brad and his family are serving in Cambodia, and have been members since 2013. Between 2013 and 2020, Brad and his family saved US$5,206 through the NCB.
We have hundreds of members on a 50% discount. Why not see what we can do for you?