Sanlam Bursary | Actuarial & IT Bursaries | Apply Now

Sanlam bursaries aim to help academically bright students and potential employers from actuarial and IT backgrounds. It funds your education and offers job opportunities. If you are interested in applying for the Sanlam bursaries 2024, keep reading this guide.

About the Bursary

Sanlam aims to empower potential employers from South Africa with their bursaries program. Each year, it awards two bursaries, one for actuarial and the other for IT students. Currently, it is inviting students from the following fields to study to apply for funding.

IT Bursary

• BCom/ BSc/ BEng in Business Intelligence, Computer Science, Data Science, Data Analytics, Information Systems, Information Technology, Mathematics, and Statistics.

Actuarial Bursary

• It applies to all actuarial fields of study.

Eligibility Criteria

Here are the eligibility criteria to qualify for the Sanlam bursary.

Actuarial Bursary

• The applicant may be a South African citizen or a non-South African citizen.
• The applicant must be studying in Matric and intend to study full-time toward an Actuarial Science qualification in 2024.
• The applicant must be studying toward a full-time Actuarial Science qualification (1st, 2nd, or 3rd year of study).
• The applicants currently in their undergraduate degree must demonstrate academic achievements and a will to succeed.
• The applicants currently in their matric degree must have a minimum of 90% in Mathematics and an overall A symbol. That said, their final Matric results will be used as the determining factor. Apart from this, they must also be able to prove their excellent skills in Mathematics, ability to solve problems, and commitment to pursue their studies.

Do note that preferences will be given to students from the following designated groups: African, Colored, and Indian South Africans.

IT Bursary

• The applicant must be studying in Matric and intend to study full-time toward an IT degree.
• The applicants currently in their matric degree must have a minimum of 70% in Mathematics and an overall A symbol in Matric.
• The applicant must be passionate about innovation, possess the ability to solve problems and be committed to pursuing their studies.

Application Process

Now that we have understood the eligibility requirements for the Sanlam bursaries, it is time to apply for the program. The process is simple and straightforward as long as you know the right steps. Here is how you can submit your application for both actuarial and IT bursaries.

• First, visit the online application portal of Sanlam and register yourself.
• Fill out the application form. It usually requires your personal details, financial details, and academic records.
• Double-check all the fields once you are done to make sure there are no mistakes.
• Once done, proceed further and upload clear copies of your documents.
• After you are satisfied, hit the submit button.
• Congratulations! Your application has been submitted.

Documents Required for the Bursary

Here is a breakdown of the documents you are required to submit for the Sanlam bursary.

For Current Undergraduate Students

• Their state-authorized ID document (certified copy). It can be their passport or a valid study visa for non-South African students.
• Full academic transcripts and degree certificate (as applicable). It should be printed on the letterhead of the institution.
• Matric certificate (a copy only).
• Comprehensive curriculum vitae. It should include your academic achievements, extra-mural activities, and leadership roles.
• A motivational letter. It should answer the following five questions: What does an actuary do? Why do you want to pursue the degree? Why do you think you can become an actuary? Why are you a perfect candidate for the Sanlam bursary? And your alternative career path in case you are unable to pursue this career path.

For Current Matric Students

• Grade 11 academic transcripts or final results (copies only).
• Matric mid-year results (copies only).
• NBT results (copy only).
• Comprehensive curriculum vitae. It should emphasize your academic achievements, extra-mural activities, and leadership roles.
• A motivational letter answering the following five questions: What does an actuary do? Why do you want to pursue the degree? Why do you think you can become an actuary? Why are you a perfect candidate for the Sanlam bursary? And your alternative career path in case you are unable to pursue this career path.

For IT Bursary

• Grade 11 academic transcripts or final results (copies only).
• Matric mid-year results (copies only).
• Comprehensive curriculum vitae. It should include your academic achievements, extra-mural activities, and leadership roles.
• A motivational letter. It should answer the following five questions: Why do you want to pursue the degree? What is your ideal work role or position? Why are you a perfect candidate for the Sanlam bursary? Why are you suitable to excel in the field?

Note: All documents must be clear and scanned copies. They must be in a PDF format (not compressed). Moreover, any missing item from the list can result in the disqualification of your application.

Expenses Covered by the Sanlam Bursary

The Sanlam bursaries cover all your education expenses, including tuition fees, book allowances, accommodation, travel allowance, and a small stipend. Aside from financial support, here are a few other benefits of the Sanlam bursary program.

• Vocational working experience and networking opportunities with the Sanlam staff.
• Mentoring opportunities and academic support from professors working at Sanlam.
• Guaranteed employment opportunities after graduation from Sanlam.
• Rotation opportunities across disciplines.
• Continuous payment toward the board exams.

Contact Details

For bursary-related queries, you can contact Sanlam directly.

• Email: [email protected]
• Telephone: 021 947 9111
• Head Office: 0860 726 526

FAQs

Final Thoughts

In conclusion, Sanlam bursaries are a great opportunity for individuals with career ambitions and bright academic records. It not only helps you financially but also offers work placements after graduation. I hope this guide was helpful for those preparing their applications.