A. FEE PROTECTION SCHEME (FPS)
St. Francis Methodist School strictly adheres to the Fee Protection Scheme (FPS). The FPS is adopted for all local and international students who had paid the school fees for the course of study.

FPS is an important aspect of EduTrust Certification Framework. It serves to protect the students' fees in the event the school is unable to continue operations due to insolvency, and /or regulatory closure. Furthermore, the FPS protects the student if the school fails to pay penalties or return fees to the student arising from judgments made against it by the Singapore courts.

EduTrust certified institutions must protect the total fees paid by all students via Fee Protection under Escrow Scheme or the Fee Protection under the Insurance Scheme provided the appointed service providers. St Francis Methodist School adopts the Insurance Scheme and the insurnce will be purchased from HSBC Insurance (Singapore) Pte Ltd to protect the school fees comprising:

1. Course fee,
2. Student Pass Processing fee
3. Examination / Moderation fee
4. Course Material fee

All students covered under FPS under the Insurance Scheme at St Francis Methodist School may pay their fees (in S$) through the following methods:

1. Cash
2. Cashier's Order
3. Cheque
4. Bank Draft
5. NETS
6. Telegraphic Transfer
7. Credit Cards (Visa & Mastercard)
8. Direct Debit

a. Implementation of FPS
The following procedure is strictly followed in implementing the FPS in St. Francis Methodist School

1. Once a student has decided on the course of study and the PEI-Student Contract has been signed, applicant can proceed to make the school fees payment.
2. Schoool can collect fee up to a maximum of 12 months.
3. Upon receipt of payment by the Finance Officer, the Fee Protection Scheme (FPS) insurance will have to be purchased from the service provider (HSBC Insurance) on the same day. In the case of e-banking, the insurance effective date will be the same as the date when the money is credited to the PEI's bank account. Insurance must be bought within 3 days after the money is credited to the PEI's bank account.
4. Course details and the personal particulars of the student will be submitted to HSBC Insurance via the designated template issued or online application.
5. The school is not required to purchase the FPS insurance if a student attends Immersion Programme, Exchange Programmes, Summer Camps, School visit and School visit cum Immersion for duration of one month or less.
6. The start date for the coverage of the FPS begins on the date the school submits the purchase request, which is the date the student makes the school fees payment regardless of the start date of the course (earlier or later).
7. HSBC Insurance will issue the original Certificate of Insurance (COI) to the student via email. In addition, the school will issue a hard copy of COI and pass to the students regardless of an email address has been furnished.
8. The school will also be issued with a duplicate copy of the COI, which must be filed in each student’s application docket.
9. Should a student change from a course of study in the school, defers the start date of the course or withdraws from the course of study, the school must inform HSBC Insurance within 3 working days.
10. A new FPS must be purchased for each student who changes the course of study along with the Transfer of Course for the Student’s Pass (if required).
11. The person responsible will update the FPS providers with the latest mailing addresses or email of the students as and when policy is being purchased or renewed.
12. Any feedback received on the process and procedures are discussed during the Administration (Admin) Department Meeting. Review of this procedure may result in changes or version updates made on all the necessary documents.

b. Procedures to update FPS Service Providers
 The following procedure is strictly followed in the case of collecting the necessary data from the student applicant:

1. Check the application form ensuring the mailing addresses (local and overseas) and email address columns are fully completed.

   a. return to Admission Officer for checking

   b. alternatively, ask applicant to complete the application form during admission interview

   c. Admission Officer/School Registrar to endorse on the Customer Service E-Test Interview    Processing (CEIP) form when the mandatory columns on the application form are filled.

2. The Finance Department will update the FPS providers with the latest mailing addresses or email of the students as and when policy is being purchased or renewed. In addition a hard copy will be issued to each student. The student will acknowledge receipt of the policy and date of receipt.
3. Should a student change from a course of study in the school, defers the start date of the course or withdraws from the course of study, the school must inform HSBC Insurance within 3 working days.
4. A new FPS must be purchased for each student who changes the course of study along with the Transfer of Course for the Student’s Pass (if required).

B. MEDICAL INSURANCE FOR ALL FULL TIME STUDENTS

GROUP HOSPITAL AND SURGICAL POLICY
POLICY NO: 400 006 4884-03
PLAN 1

Description: Maximum Benefit Payable for any one Disability

1. Daily room & Board (Max per day)

From Item 1 to 9 – As charged subject to overall Limit of S$20,000. Any one Disability. Ward Restriction to 4 bedded Government / Restructured Hospitals
Maximum: 120 days including ICU

2. Intensive Care Unit (ICU) (Max Per Day)
3. Other Hospital Services
4. Surgical Expense

          Surgical Schedule waived for Restructured Hospitals, including NUH.

5. Daily In-Hospital Physician’s Consultation  (Max per Day)

          Maximum: 120 days including ICU

6. Pre – Hospitalisation Specialist Consultation

           Within 90 days of discharge

7. Pre-Hospitalisation Diagnostic X-ray & Laboratory Fees

          Within 90 days prior to hospitalisation

8. Post Hospitalisation Treatment

          Within 90 days of discharge

9. Emergency Out-Patient Treatment (Accidental)

          Extend to cover food poisoning

10. Death Benefit
11. Co-Insurance

Co-Insurance shall apply if members are warded into higher wards

1. Private Hospital – 10%
2. Class A ward – Government / Restructured Hospital : 10%
3. Hospitals outside Singapore – 10%
   
   * ALL ENROLLED FULL TIME STUDENTS ARE AUTOMATICALLY COVERED UNDER THIS MEDICAL INSURANCE.
   

James Teo
COO - Administration and Finance

For more information on the Fee protection Scheme, please visit www.cpe.gov.sg.
Last Updated on 28/02/2011