The Fee Protection Scheme serves to protect the international and local student’s fees in the event that a Private Education Institution (PEI) is unable to continue operations due to insolvency and/or regulatory closure.
Aventis adopts the FPS Insurance Scheme for international and local students.
The FPS Insurance offers insured students protection against the following:
- Loss of course fees paid in advance by the insured student to Aventis and not refunded, if the student cannot start or complete his/her course as a result of Aventis becoming insolvent or being required by the Singapore authorities to stop operations
- Aventis fails to pay the sum awarded by Singapore Courts to the insured student, where such an award relates to a dispute between Aventis and the insured student on course fees paid by the insured student to Aventis
- Payment of S$10,000 for any one event and in the aggregate for the insured student’s accidental death or total permanent disability by accident caused solely and directly by accidental, visible and violent means (excluding any sickness, disease or medical disorder)
Our appointed FPS Insurance provider is Lonpac Insurance BHD respectively. A copy of the master policy can be found here.
Students can access more information on the FPS at CPE’s official website at www.cpe.gov.sg.