The FPS serves to protect the students’ fees in the event that a Private Education Institution (PEI) is unable to continue operating due to insolvency and/or regulatory closure. The FPS also protects the students if the PEI fails to pay penalties or return fees to the students arising from judgment made against it by the Singapore courts. Heritage Academy will purchase FPS Insurance on the students’ behalf.
Heritage Academy has appointed LONPAC Insurance Bhd, a CPE-approved insurance company as the FPS provider for our students.