Fee Protection Scheme Group

Fee Protection Scheme Group (FPS-G)

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 has transitioned 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.

Learn More

For more details on the FPS, please visit the SSG Website or refer to the FPS provider, Lonpac Insurance Bhd, here.