Sanlam Bursaries: Actuarial Science 2024

Sanlam Bursaries

Sanlam is calling on suitable candidates who are looking for bursary support to submit an application for its current Bursary Programme offering. The bursary programme is for high-potential students who wish to advance their actuarial studies but are hindered mainly by financial constraints.

The Sanlam Group invites all matriculants and actuarial students who have enrolled to study Actuarial Science in 2024. Also, all the current students in their 1st, 2nd, or 3rd year of Actuarial Science studies can apply for bursaries.

The goal of offering Actuarial Bursaries is to help students achieve financial confidence, security, and dedication to build their future.

In conjunction with the bursary, the following expenses will be covered: 

  • Tuition and accommodation fees
  • Academic support and mentoring from Sanlam actuarial professionals
  • General allowance (pocket money and books)
  • Guaranteed employment once you finish the studies
  • Continuous payment and support during actuarial board exams
  • Wide range of work rotation opportunities for various disciplines
  • Vacation work and other networking opportunities with Sanlam staff members

Bursaries will be awarded as per Sanlam’s employment equity plan and on merit.

Sanlam Bursaries

About Sanlam GTI

Sanlam was originally established as a life insurance company in 1918. However, in the years that have passed, the company has evolved into a business that provides financial services both locally and internationally. The group provides financial services for individual and institutional clients across a wide range of markets, operating through a number of business clusters, such as Sanlam Investments; Sanlam Corporate; Sanlam Emerging Markets; Sanlam Personal Finance and Santam.

Currently, Sanlam employs nearly 18 000 people and offers services to more than 10 million people. The company lists on the JSE (Johannesburg Stock Exchange) and the NSE (Namibian Stock Exchange).

As a group, the company operates in several countries in Africa (such as South Africa; Zambia; Swaziland; Botswana; Nigeria; Namibia; Tanzania; Uganda; Mozambique; Kenya; Ghana; Malawi; and Rwanda), as well as in the United Kingdom, India, Malaysia, in addition to the USA, Australia, and Philippines.

Eligibility Criteria For The Bursary

Prior to applying, candidates must meet the following minimum requirements (please note that your application will not be considered if you do not meet all of the requirements):

  • Applicants must be South African citizens or non-South African citizens
  • As of 2024, you must either be in Matric and intend to study full-time towards an Actuarial Science qualification OR you must already be studying full-time towards an Actuarial Science qualification (in your first, second or third year).
  • Undergraduate students: you need to demonstrate a commitment to academic success
  • You must have a minimum score of 90% for Mathematics and an overall grade of A (your final Matric results may be considered) for current Matric students.
  • Current Matric students: You must possess excellent math skills, be able to solve complex problems and remain focused and disciplined throughout your studies and training.
  • Preference will be given to South Africans from the designated groups (Africans, Coloureds, and Indians) as well as non-South Africans based on merit.

How to apply?

Applicants must submit their applications online at Sanlam Bursary Application 2024

NOTE: All applications must be submitted online – applications sent by fax or email will not be accepted.

With your online application, include clear copies of the following supporting documents. You must provide these documents as part of your application – any missing items can lead to disqualification:

For Undergraduate Students:

  • Copy of ID/Passport OR valid study Visa
  • Detailed CV mentioning Academic records, Leadership skills, and Extra-mural activities

Undergraduate students must submit Academic results including:

  • Proof of registration and/or fee statement
  • Full academic transcripts
  • Copy of matric certificate

A motivational letter that explains answers to the following questions:

  • Why you are interested to study Actuarial Science?
  • In your own words, describe what an actuary does.
  • Why do you think you possess what it takes to become an actuary?
  • Why Sanlam should select you for the bursary?
  • If you fail at becoming an actuary, what other career paths would consider?

For School-leaving students who intend to study Actuarial Science in 2024:

Academic results include:

  • Final 2022 Grade 11 results
  • Grade 12 mid-year 2023 results
  • NBT results
  • Final Grade 12 results (might be used as a deciding factor)
  • Detailed CV including Academic records, Leadership skills, Extra-mural activities

A motivational letter stating answers to the following questions:

  • In your own words, describe what an actuary does.
  • Why do you intend to study Actuarial Science?
  • Why do you believe you possess what it takes to become an actuary?
  • Why Sanlam should award you the bursary?
  • If you fail at becoming an actuary, what other career paths would you consider?

Closing Date

The last date for submission of the application is 31 July 2023. Applications received after this date will not be considered; you must apply by the closing date in order to be considered.

Contact Details

Please contact Sanlam directly if you have any questions about this bursary programme:

Sanlam Head Office
Tel: 0860 726 526 / 021 947 9111

Please do not send any questions after the closing date. View our other bursaries/scholarships open for application here:

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