INSETA ISSF Bursary Requirments and Detailed Guide

South African universities and educational institutes have raised the fees; therefore, the students are unable to pay their dues. Basically, the income of a student in South Africa is lower than the average income of a citizen, so we cannot expect students to manage both their educational career and daily life expenses. Students in such conditions withdraw from universities and join labor work.

However, there are golden opportunities to avail, such as ISSF Bursary, a financial aid program designed for unemployed students and employed students who have lower incomes. It helps them financially and trains them in skills such as learnerships and internships. The application process is super easy, so come with me to learn how you can apply for the ISSF Bursary program.

Changing trends in the world have given birth to new fields and opportunities. In the past, job positions in an insurance company were considered useless, but today, the trends have changed, and the insurance companies in South Africa are on the top. These insurance companies offer thousands of individuals every year the opportunity to join their companies and get a respectable position.

The purpose of the Insurance Sector Student Fund (ISSF) is to help employed and unemployed students get education in disciplines related to insurance. The bursary aims to support individuals throughout their degree. But the scheme’s rules vary for employed and unemployed students, as unemployed students will get more facilities compared to employed individuals.

About ISSF Bursary

Unemployed students cannot support their educational careers, while employed students earn low incomes. We cannot neglect the importance of employed and unemployed students’ needs. Therefore, the ISSF authorities designed the bursary in a way that will allow both employed and unemployed students to receive various amenities.

• Unemployed Students: Tuition fee, transportation fare, accommodation rents, meals, and technological devices, as well as monthly allowance.
• Employed Students: Tuition fee and a book allowance.

Eligibility Criteria

As government or private institutes launch bursaries, people rush to apply in order to be selected at first without considering the importance of eligibility criteria. When their applications are rejected, they go to protest against the institute or accuse it of favoritism. Instead of wasting your precious time on such activities, see the eligibility criteria carefully, and if you fall under the criteria, apply for the bursary.

• An applicant must be a citizen of South Africa.
• An applicant must have completed a Matric or be studying in the Matric.
• An applicant must be unemployed between 18 and 35; on the other hand, the employed applicant can apply of any age.
• An applicant must be studying or intend to study in an institute recognized by the South African Higher Education Department.

Required Documents

• You must attach a certified copy of the ID Document.
• You must provide the Matric latest result or certificate if you completed the Matric.
• You must provide a recent academic record if you are currently studying in a tertiary institute.
• Send the acceptance letter from the institute.
• Send the proof of registration from the institute if applicable.
• You must attach the tuition fee document or Course Quotation.
• You must complete the ISSF POPIA Form.
• Link: https://inseta.org.za/wp-content/uploads/2023/10/POPI-Act-Consent-Form.pdf
• Employed applicants:
  • You must complete the ISSF Worker Agreement.
  • Link: https://inseta.org.za/wp-content/uploads/2023/10/2023-24-INSETA-WORKER-PROGRAMME-AGREEMENT.pdf
  • You must complete the INSETA Business Information Tool.
  • Letter of employment.
• Unemployed applicants:
  • You must complete the ISSF learner agreement.
  • Link: https://inseta.org.za/wp-content/uploads/2023/10/2023-24-INSETA-YOUTH-PROGRAMME-AGREEMENT-V1.pdf
  • You must provide an INSETA Business Information Tool.
  • Accommodation fee document.
  • You must provide parents’ or guardians’ ID documents, and if they are deceased, then provide the death certificate.
  • You must attach the payslips of 3 months of your parents or guardians.
  • You must attach an affidavit if receiving an SASSA grant.

Application Process

Step 1: Go to the application form via the link I have mentioned below.

Step 2: Fill out the entire form carefully and provide authentic information.

Step 3: Attach all certified documents with the form.

Step 4: Send the form and attached documents to the email address of ISSF Bursary before the due date.

Contact Details

Email Address: [email protected]

Final Thoughts

A nation cannot survive without educating its youth based on the current trends in the market. It is necessary not only for the progress of the country but also for survival; therefore, multiple programs, such as the ISSF Bursary, are there for the students so they can get quality education. If you want to apply for assistance, you can follow the steps I have mentioned above and read the instructions carefully.