Wavelink Maritime Institute (WMI) has put in place the Fee Protection Scheme (FPS) that ensures the unconsumed course fees paid by students are insured.
The FPS protects against the loss of paid course fees deemed un-utilised arising from the following events:
a) Insolvency of the school
b) Regulatory Closure of the school
c) Direction issued by the Committee for Private Education (CPE)
WMI has appointed Liberty Insurance Pte Ltd , a CPE-appointed service provider, for the Fee Protection Scheme.
Policy Number: FPS027Y16
Validity Period: 31 August 2016 to 16 December 2019
WMI has entered into a master insurance agreement between CPE and Liberty Insurance Pte Ltd (the “Master Insurance Agreement”) for the purpose of insuring, among other things, the students. This Master Insurance Agreement sets out, among other things, the events under which students are indemnified for their course fee paid to WMI. The Fee Protection Scheme applies to all courses with course duration of more than one month and 50 hours.
For more information on Protection of Course Fees, please refer to CPE’s website: https://www.cpe.gov.sg/for-peis/protection-of-course-fees