Wavelink Maritime Institute (WMI) has put in place the Industry-Wide Course Fee Protection Insurance (IWC) Scheme that ensures the unconsumed course fees paid by students are insured.
The IWC protects against the loss of paid course fees deemed un-utilsed arising from the following events:
a) Insolvency of the school
b) Regulatory Closure of the school
c) Direction issued by the Comittee for Private Education (CPE)
WMI has appointed Liberty Insurance Pte Ltd , a CPE-appointed service provider, for the Industry-Wide Course Fee Protection Insurance (IWC) Scheme.
Certificate Number: IWC018Y23
Validity Period: 01 February 2023 to 31 December 2023
WMI has entered into a master insurance agreement between CPE and Liberty Insurance Pte Ltd (the “Master Insurance Agreement”) for the purpose of insuring, among other things, the students. This Master Insurance Agreement sets out, among other things, the events under which students are indemnified for their course fee paid to WMI. The Industry-Wide Course Fee Protection Insurance (IWC) Scheme applies to all courses with course duration of more than one month and 50 hours.
For more information on Protection of Course Fees, please refer to the following website: https://www.tpgateway.gov.sg/resources/information-for-private-education-institutions-(peis)/protection-of-course-fees