The following description is made available to parents and students to ensure clear understanding of the purpose and scope of our FPS program.
ICS's Undertaking to provide a Fee Protection Scheme
ICS hereby confirms and undertakes to the Student that it has in place a FPS by way of an insurance facility LONPAC Insurance Policy Number: Z26BX01142932 01/07/2026 to 30/06/2027.
FPS Insurance Facility
A copy of master insurance agreement between PEI, LONPAC Insurance BHD (the “Master Insurance Agreement") and acceded to by ICS for the purpose of insuring the Student, is available on ICS's PEI & EduTrust documents. The Master Insurance Agreement sets out the events under which LONPAC Insurance BHD shall indemnify the Student for Fees paid to ICS.
ICS hereby undertakes that the:
1. Coverage under the Master Insurance Agreement shall be extended to the Student;
2. Student receives the certificate within seven (7) days of payment of any tuition and/or fees;
3. Insured period shall commence from the Fee payment date to at least the next payment date.
Fee Protection Certificate of Insurance
The Fee Protection Certificate of Insurance is available on ICS's PEI & EduTrust documents.
No Double Claim:
For the avoidance of doubt, if the Student and/or Parent receives any payment from ICS or the Insurance Company pursuant to a provision of this Agreement or the Master Insurance Agreement in respect of any matter or damage, then the Student and his/her Parent shall not be entitled to claim against the ICS Insurance Company for the same payment in respect of the same matter or damage pursuant to any other provision of this Agreement or the Master Insurance Agreement.
