Genetic-Case Trust

Under Case Trust for Education, Private Education Organizations (PEO) must provide a Student Protection Scheme (SPS) for all international students. It is currently optional for local students.Genetic Computer School entered into Master Insurance for SPS with NTUC on 14 ^th December 2004.

The SPS serves to protect the students? fees in the event that a PEO is unable to continue operations due to insolvency and/or regulatory closure. Furthermore, the SPS protects the student if the PEO fails to pay penalties or to return fees to students as awarded by the Singapore Courts.

Genetic Computer School will put in place the Student Tuition Fee Insurance as its SPS for all full-time students. The Student Tuition Fee Insurance offers insured students protection against the following events: Loss of tuition fees paid in advance by the insured student to Genetic Computer School and not refunded, if the student cannot start or complete his/her course as a result of Genetic Computer School becoming insolvent or being required by the Singapore authorities to stop operations.

Genetic Computer School's failure to pay sum awarded by Singapore Courts to the insured student, where such award relates to a dispute between Genetic Computer School and the insured student on tuition fees paid by the insured student to Genetic Computer School. S$10,000 benefit payable covering the insured student?s accidental death or total permanent disability by accident.

The period of insurance will cover the entire duration of the course enrolled by the insured student. In certain cases, this period may begin before the course commencement date, upon approval by NTUC Income of Genetic Computer School?s application for insurance. Insurance Premium The insurance premium is dependent on programme duration, Genetic Computer School course fees and premium rate quoted by NTUC Income. The insurance premium paid is non-transferable and non-refundable.

Upon payment of the insurance premium, NTUC Income will issue a Certificate of Student Insurance to Genetic Computer School for the insured student. This is required for student pass applications.

The insured student needs to produce his/her Certificate of Student Insurance and original course fees receipts when submitting a claim under the insurance. NTUC Income will notify all insured students of the relevant claims procedures to be followed.