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Student Protection Scheme
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Student Protection Scheme

JCUS is 'CASE-trusted' to accept international students and fully complies with the CaseTrust for Education rules and guidelines.

One important aspect of CaseTrust for Education is the Student Protection Scheme (SPS) which aims to protect students against loss of tuition fees due to malpractise by the course providers. JCU Singapore adopts the Tuition Fee Insurence scheme.

The insurance premium payable to cover the tuition fee is computed based on 3 variables, namely:-

- Total Tuition Fees (in SGD dollars) for the entire duration of the approve course,
- The normal Course Duration (in months) of the entire course, and
- The insurance Rate (%) as set out by NTUC Income for the course provider

The formula is [Course Duration * Rate ] * Course Fee
  where [Course Duration * Rate ] is capped at 2%.

Note:
- The Premium for 2006-7 is 0.1%
- Course Duration include partial months (eg 29 Jan to 2 Mar == 3 months)
- The Insurance is subject to 5% GST.

The table below aims to illustrate the basis for working out the insurance payable
Fee Duration Mths Effective Rate Insurance w/GST
$22,500 15 Jan06-31 Dec06 12 12*0.1=1.2% $270.00 $283.50
$22,500 15 Jan06-05 Jan07 13 13*0.1=1.3% $292.50 $307.12
$36,000 15 Jan06-31 Dec07 24 24*0.1=2.4%—2% $720.00 $756.00
$36,000 15 Jan06-02 Jan08 25 25*0.1=2.4%—2% $720.00 $756.00
$ 7500 15 Jan06-31 Jun06 6 6*0.1=0.6% $ 45.00 $ 47.25
$ 7500 15 Jan06-10 Jul06 7 7*0.1=0.7% $ 52.50 $ 55.12

Having paid the insurance premium, students will be protected against the following events:

  1. Loss of tuition fees paid in advance by the insured student to the course provier and not refunded, if the student cannot start or complete the course in the unlikely event that the course provider become insolvent or being required by the Singapore authorities to stop operations.

  2. Course Provider's failure to pay sum awarded by Singapore courts to the insured student, where such award relates to a dispute between the course provider and insured student on tuition fees paid by the insured student to the course provider.
  3. Complimentary coverage of S$10,000 benefits for the insured student in the event of his/her accidental death or total permanent disability by accident.

Note:
Premium rates are subject to change without notice at the discretion of NTUC Income. The amounts payable to an insured student are subject to maximum limits which are specified in his/her Certificate of Student Insurance.

 

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