Student Insurance

The Committee for Private Education (CPE) was appointed by SkillsFuture Singapore (SSG) Board in October 2016 to carry out its functions and powers relating to private education under the Private Education Act. The CPE is supported by a team of dedicated staff from SSG to regulate the sector, provide student services, consumer education and facilitate capability development efforts to uplift standards in the local private education industry.

The Enhanced Registration Framework sets the minimum standards that all Private Education Institutions (PEIs) must meet through the mandatory registration requirements.

The EduTrust Certification Scheme is a quality assurance scheme administered by CPE for PEIs in Singapore. It aims to distinguish private schools that are able to consistently maintain a high standard of quality in the overall provision of education services and make continual improvements that lead to positive student outcomes.

PSB Academy is among the first few PEIs to be awarded the EduTrust Certification on 20th May 2010 and has successfully renewed for the 3rd consecutive 4-year terms till 13 May 2026.

For more details, please refer to CPE’s website at ssg.gov.sg

Under the Fee Protection Scheme (FPS), PSB Academy ensures that course fees paid by students to the Academy are insured by a CPE-appointed service provider. This arrangement serves to protect the students’ course fees in the event a PEI is unable to continue operations due to insolvency, and/or regulatory closure. Furthermore, the FPS protects the student if the PEI fails to pay penalties or return course fees to the student arising from judgments made against it by the Singapore courts.

The FPS is required for all local and international students taking CPE registered courses in EduTrust-certified PEIs. FPS insurance premiums are paid by PSB Academy, unless otherwise stated in the Student Contract as payable separately by the student.

With effect from 01st August 2021, course fees paid would be protected under the FPS Group Insurance by Liberty Insurance Pte Ltd (Liberty).

• Liberty will insure all new students enrolled from 01 August 2021 onwards and all existing students with additional fees (example: Re-module fees.)

For course fees that were paid on or before 31st July 2021, it will continue to be covered by FPS Individual Insurance under Lonpac Insurance Bhd (Lonpac).

• Existing in-force FPS Policies (Block Cover) insured with Lonpac will be maintained till respective course end date or when the policy is cancelled by PSB Academy due to student withdrawing from the course, student transferring to another course, or student graduation.

Fee Protection Scheme Insurance Certifcate:

By Liberty Insurance

For more information on FPS, please visit ssg.gov.sg

PSB Academy has a medical insurance scheme in place for all full-time students (in courses more than one month or 50 hours). The group hospital & surgical (GHS) insurance plan reimburses hospitalised students for expenses incurred in government/restructured hospitals, at an annual limit of up to S$20,000 per year. This coverage includes hospitalizations arising from the COVID-19 outbreak. This helps to alleviate the financial burden on the insured student. Hospital & surgical insurance premiums are paid by PSB Academy.

Group Hospital & Surgical Insurance Product Summary

• PSB Academy will include students in the group medical insurance policy after payment of the 1st instalment of course fees
• Insured students may click here for a copy of the product summary and FAQs stating the policy’s benefits and exclusions, claims procedure, etc
• International students will not be covered once the Student’s Pass is cancelled by Immigration & Checkpoint Authority
• Insured period will commence from the date that the 1st instalment of course fees were paid, and covers the entire duration of the programme as stated in the student contract
• Students seeking deferment or re-enrolment resulting in extension of the programme duration will have to pay an additional premium for the extended period’s course fees
• To make a claim, insured students can download the GHS Insurance Claim Form below and submit the completed form to student.life@psb-academy.edu.sg.

GHS & GPA Certificate

GHS Claim Form

New full-time international students will automatically be registered for outpatient insurance in their first year of studies. Insured students will be issued with an e-card and registered for an account to access the panel list of clinics and to file claims.

Full-time students who do not fall into the auto inclusion category or wish to renew may apply here. The one-year insurance will be renewable every year, and provides you with an annual limit of S$500, including up to S$100 per visit for Accident & Emergency (A&E) claims.

Please refer to the information kit below for an overview on outpatient insurance, contact personnel and FAQ.

Outpatient Insurance Information Kit and Frequently Asked Questions