Private Education Institution

Industry-Wide Course Fee Protection Insurance Scheme
Briefly, the IWC is an industry-wide scheme that covers primarily the course fees of students in each PEI in the event of insolvency or regulatory closure of PEI. Learn more about our Industry-Wide Course Fee Protection Insurance Scheme

EduTrust Fee Protection Scheme (FPS)
What is Fee Protection Scheme?
The purpose of the Fee Protection Scheme (FPS) is to protect students of private education institutions against financial loss in the event the school abruptly ceases to operate permanently.

For every registered private education institution (PEI) who wish to take the next step by trying for the voluntary certification scheme known as EduTrust, a quality framework administered by the Council For Private Education (CPE) , it will be mandatory to have the Fee Protection Scheme in place – a regulatory insurance mechanism to ensure the protection of course fees paid by all students to the PEI. The fee protection scheme can be established through us with a CPE-appointed insurer like Lonpac Insurance and having the fee protection scheme in place is central to attaining and maintaining the EduTrust status.

EduTrust is a Certification Scheme (EduTrust) is a quality assurance scheme administered by the Committee for Private Education (CPE) for Private Education Institutions in Singapore. AEGIS have over a decade of fee protection scheme insurance experience – we were involved in FPS since the formation of CPE in 2009. First involvement in the fee protection scheme began in 2004 with the Consumer Association of Singapore (CASE) under the auspices of the Economic Development Board of Singapore (EDB) through NTUC Income.

As a one-stop insurance administration agency, we provide our PEIs a full suite of regulatory and general insurances services besides the fee protection scheme:

Industry Wide Course Fee Protection Scheme (IWC)
Fee Protection Scheme (FPSI) & Fee Protection Scheme – Group Insurance (FPSG)
Students’ Group Hospitalization and Surgical (GHS) and Outpatient Insurance (inclusive of Covid19 hospitalisation cover when your students arrivals in Singapore)
Banker’s Guarantee for Foreign Students required by Immigrations and Checkpoints Authority
General Insurance Services including specialty covers like Educator’s Professional Indemnity Insurance.

As the longest serving agency for fee protection, we have the experience and exposure to provide advice on the best market practices that has help our top PEIs maintain their full EduTrust status for the fee protection scheme.

Learn more about our Fee Protection Scheme (FPS)

Hospitalisation & Surgical Insurance for Students (EduTrust)
The other EduTrust requirement by CPE is to have a hospitalisation insurance policy with CPE- mandated benefits. Learn more about our Hospitalisation & Surgical Insurance for Students (EduTrust)

ICA Security Deposit (Banker’s Guarantee for International Students)
Immigration & Checkpoints Authority (ICA) requires some foreign students to furnish a security deposit in the form of a Banker’s Guarantee (BG) with them before the Student Pass will be issued. Learn more about our ICA Security Deposit (Banker’s Guarantee for International Students)

Congratulations to Singapore's first EduTrust Star! Our client since 2004.

Overseas Study Protection Plan

Studying abroad in a foreign land can be both an exhilarating experience yet filled with unexpected situations. NTUC Income has a unique product which is available through AEGIS at a lower price

Benefits at a Glance

24-hour worldwide² protection against personal accident
Protection against loss or damage of personal belongings (including laptop) while stored at your overseas residence due to a natural disaster or theft
Coverage for travel delay3 not caused by you (such as natural disasters)
Coverage for leisure activities4 such as scuba diving, snow-skiing, water rafting and motorcycling
Flexibility to enhance your coverage with optional benefits:- Hospital and surgical expenses- Medical expenses for outpatient treatment for sickness while overseas

Learn more about our Overseas Study Protection Plan

Pilots Loss of Licence

We understand how challenging and demanding it can be as a professional pilot and that keeping your licence to fly depends very much on being able to meet the Civil Aviation Authority of Singapore’s (CAAS) stringent medical standards amongst other requirements. Be it a minor accident or medical condition, any of these factors could potentially jeopardise your financial wellbeing in the future. That is why we have specially developed an insurance plan to provide peace of mind for passionate pilots like you. Now, you can protect yourself and your loved ones from any financial risk and fly without worries.

Benefits
Our Loss of Licence insurance provides you worldwide coverage with a lump sum payment of up to S$300,000 in the event that your professional pilot licence is permanently withdrawn by the Civil Aviation Authority of Singapore due to sickness, accident or death; whichever happens first.

For Singaporeans, the policy will cover you if you are flying for any scheduled commercial air carrier based anywhere in the world as long as you hold on to your Singapore pilot’s licence issued by CAAS. Learn more about our Pilot’s Loss Of Licence insurance

Application Form for Pilots Loss of Licence

FAQs for Pilots Loss of Licence

Contact us if you have any queries.