Sanlam Bursary Application 2024 | How to Apply

What is a Bursary?

A bursary is a financial award or scholarship that is given to students or individuals who demonstrate financial need or academic merit. Bursaries are typically provided by universities, colleges, private organizations, government agencies, and charitable foundations to help individuals cover the costs of tuition, fees, textbooks, and other expenses related to their education or training.

Unlike a loan, bursaries do not need to be repaid, which makes them an attractive option for students who may not have the means to pay for their education out of pocket. Bursaries may be awarded based on a variety of criteria, including financial need, academic achievement, leadership potential, community involvement, and other factors.

Sanlam Bursary Application Details 2024 

Part of our commitment to our trade is recognizing that for one to be a master in their trade, support is a key ingredient. That is why we offer bursaries to scholars who have enrolled to study Actuarial Science in 2024 as well as current students in their 1st/2nd/3rd year of Actuarial Science studies.

Who are we looking for:

Undergraduate Studies

Current full-time Actuarial Science students (SA citizens and non-SA citizens) who are in their 1st, 2nd, or 3rd year of studies. If you demonstrate academic ability and a will to succeed, then you are just who we’re looking for.

School-leaving learners who intend to study Actuarial Science in 2024

If you are a whiz at maths, enjoy a good challenge by solving difficult problems, and are willing to remain focused and disciplined through years of studying and training, then you are just who we’re looking for.

What does the bursary offer:

• Tuition and accommodation fees
• General allowance (Books and pocket money)
• Mentoring and academic support from Sanlam actuarial professionals
• Vacation work and networking opportunities with Sanlam staff
• Guaranteed employment after completion of studies
• Continued support and payment toward actuarial board exams
• Range of work rotation opportunities across a broad spectrum of disciplines

How to Apply

Apply Online for the Sanlam: Actuarial Science Bursaries 2024

Check the Required Documents below:

For Undergraduate Studies:

• Academic results:

1. Full academic Transcripts
2. Proof of registration and/or Fee Statement
3. Copy of matric certificate

• Copy of ID/Passport or valid study Visa
• Comprehensive CV focusing on Academics, Extra-mural activities and Leadership skills
• A motivation to support your application that answers the following questions:

1. In your own words, can you describe what an actuary does?
2. Why do you want to study actuarial science?
3. Why do you believe you have what it takes to become an actuary?
4. Why should Sanlam choose you to be a bursary holder?
5. If you are not successful at becoming an actuary, what other career paths are you considering?

For School leaving learners who intend to study Actuarial Science in 2024

• Academic results:

1. Final 2022 Grade 11 results
2. Grade 12 mid-year 2023 results
3. NBT results

• Final grade 12 results may be used as determining factor
• An above 90% score in Mathematics and an overall A aggregate
• Comprehensive CV focusing on Academics, Extra-mural activities and Leadership skills
• A motivation to support your application that answers the following questions:

1. In your own words, can you describe what an actuary does?
2. Why do you want to study actuarial science?
3. Why do you believe you have what it takes to become an actuary?
4. Why should Sanlam choose you to be a bursary holder?
5. If you are not successful at becoming an actuary, what other career paths are you considering?

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