Private Education Act
The CPE, in aiming to enhance the confidence of students and their parents in the quality of education in Singapore, has stipulated that all PEIs must sign a PEI- Student contract with their students. The contract sets out the important terms and conditions governing the relationship between the student and the PEI. Insworld Institute Pte Ltd will honour all the terms and conditions set out in the PEI- Student contract and in all related communication materials.
Students may view a copy of the standard PEI-Student Contract here.
All new students have a cooling-off period of seven (7) working days after the date when the Student Contract has been signed by both parties. The student will be refunded the highest percentage (stated in Section D) of the fees already paid if the student submits a written notice of withdrawal to Insworld Institute within the cooling-off period, regardless of whether the Student has started the course or not.
Fee Protection Scheme-FPS
The Fee Protection Scheme (FPS – the Fee Protection under the Insurance Scheme) serves to protect students’ course fees in the event a private education institution is unable to continue operating due to insolvency, and/or regulatory closure. The Fee Protection Scheme also protects students if the private education institution fails to pay penalties or return fees to the students arising from judgment made against it by the Singapore courts.
The private education institutions with EduTrust license are required to adopt the Fee Protection Scheme to provide full protection to all course fees (exclude miscellaneous fee) paid by their students.
Miscellaneous fees refer to all monies that are paid by the student to be enrolled in Insworld except for course application fee, GST, exam fees collected less than 2 months before exam date, or any other non-compulsory fee. Insworld does not collect fees beyond 12 months.
Insworld has adopted the FPS Insurance Scheme from Lonpac Insurance Bhd to provide fee protection for all our students.
Lonpac Insurance Bhd Fee Protection Scheme
Master Certificate of Insurance
Policy N0. Z23BX01104780
Validity Period: 01 May 2023 to 30 April 2024
Click here to view our FPS Certificate
Only after signing of the Advisory Note to Students and Student Contract, the student is allowed to pay the course fee to Insworld’s bank account.
1. The FPS is mandatory for all Insworld students.
2. Under the FPS Insurance Scheme, please ensure that you have signed the Advisory Note to Students and the Student Contract before paying the course fees to Insworld.
3. Should you need more information with regards to this Fee Protection Scheme (FPS), please refer to the Committee for Private Education (CPE)’s section of Skills Future SG website (www.ssg-wsg.gov.sg).
Insworld Institute Pte Ltd has in place a group medical insurance scheme for all its students. This medical insurance scheme will have a minimum coverage as follows:- an annual coverage limit of S$20,000 per student, covering up to B2 ward in government and restructured hospitals and providing for 24 hour coverage in Singapore and overseas (if student is involved in Insworld-related activities) throughout the course duration of the student’s course.
For more information on medical insurance, you may click here.
Insworld Institute Pte Ltd will inform all stakeholders of any change in ownership or management within 14 days.