Capital Levy Certificate

It is the policy of the School that every student, except Pre-School and Reception pupils, must have a Capital Levy Certificate (CLC) purchased or nominated in his/ her name, and the CLC must remain valid throughout that student’s tenure in the school. The certificate is not transferable to another student.
The BIS Foundation offers two choices of CLC issues:
     -A four-year CLC which is priced at US$ 10,000.
      This issue is refundable, less its depreciation, when the child it covers leaves
       the School.
      The issue date of the 4-year CLC will be from the beginning of the term in which
      the child joins the school. Depreciation is calculated as 1/12th of the initial value
      per  term or part term of use, starting from the issue date.
     -A one-year CLC which is priced at US$ 3,000.
      This issue is non-refundable and depreciates fully on its use for a year or part
      of year. The issue date will normally be the beginning of the school year in which
      the  child joins the school. Students joining during terms 2 and 3 will be
      charged  pro-rata, based on the number of full or partial half terms remaining in
      the school year.
      The admission of a student will not take place unless covered by a CLC.

Expiring CLC’s
Where any CLC expires and the student it covers wishes to remain in the School, a new CLC must be purchased.
Those who have held a four-year CLC but wish to purchase a one-year CLC on its expiry may do so, but at the price that is current at the time of issue of the new CLC.