Fee Protection Scheme Group
At Dynamics International School (DIS), the financial interests of our students are a top priority. In compliance with the SkillsFuture Singapore (SSG) regulations, and as part of our EduTrust certification, DIS adheres to the FPS-Group Insurance (FPS-G) Scheme.
This scheme ensures financial protection for both local and international students in the unlikely event that DIS is unable to continue operations due to insolvency or regulatory closure.
How FPS-G Works
Under the FPS-Group Insurance Scheme:
- Certificate of Insurance (COI): DIS secures a COI from our FPS insurance provider, Lonpac Insurance Bhd (sanctioned by SSG).
- Insurable Amount: The COI covers all course fees collected by DIS during the period of indemnity.
- Comprehensive Coverage: Students are protected if DIS fails to meet financial obligations, such as refunds or penalty payments, as mandated by Singapore courts.
Safeguarding Student Interests
To further ensure the well-being of our students, DIS will:
- Secure FPS insurance before the 11th of each month for all course fees processed.
- Ensure insurance coverage is effective from the date of payment until the completion of the course.
- For more details on the FPS, please visit the SSG Website or refer to the FPS provider, Lonpac Insurance Bhd, here.
- View our FPS Certificate