Sanlam Bursaries and Funding for Undergraduates 2025 – Study in South Africa

The Sanlam Foundation is inviting suitably qualified candidates to apply for its Sanlam Actuarial bursaries and funding for the 2025 edition!

Sanlam Bursaries and Funding for Undergraduates

As part of the foundation’s commitment to fostering excellence, the foundation recognizes that support is essential for mastering one’s trade. Thus the foundation is awarding funding bursary opportunities to students looking to pursue a study in Actuarial Science in 2025.

The funds also extend to current students in their 1st, 2nd, or 3rd year in the same field. Since the foundation’s inception in 2011, it has invested over R746 million in various initiatives aimed at improving education and financial literacy.

Overview of Sanlam Bursaries and Funding

Sanlam Foundation has a long history of planning futures, spanning over 100 years. This legacy underpins their dedication to helping students achieve their goals through proper and exceptional support.

The foundation’s commitment ensures that beneficiaries live with confidence and are well-prepared for their professional careers by supporting the communities in which they operate.

Eligibility Requirements

To qualify for the Sanlam Actuarial bursaries, applicants must meet the following criteria:

Undergraduate Studies:

  • Must be Current full-time Actuarial Science students (both South African and non-South African citizens) in their 1st, 2nd, or 3rd year of studies.
  • Demonstrated academic ability and a will to succeed are essential.

School-Leaving Learners:

  • The fund is available for students intending to study Actuarial Science in 2025.
  • A strong aptitude for mathematics, a love for solving challenging problems, and the ability to stay focused and disciplined through years of studying and training are required.

Note: Non-SA citizens are also welcome to apply for this bursaries and funding opportunity

Benefits of Sanlam Actuarial Bursaries Program

Successful applicants of the Sanlam Actuarial bursaries will enjoy a range of benefits designed to support their academic and professional journey, these include:

  • Tuition and Accommodation Fees: Full coverage of educational and living expenses.
  • Allowances: Financial support for books, travel, and pocket money.
  • Mentoring and Academic Support: Guidance from Sanlam actuarial professionals to help navigate the academic fields.
  • Vacation Work and Networking Opportunities: Practical work experience and chances to build professional relationships within Sanlam.
  • General Allowance: Additional funds for books and pocket money.
  • Guaranteed Employment: Assurance of a job upon the completion of studies.
  • Support for Actuarial Board Exams: Ongoing financial support for professional examinations.
  • Work Rotation Opportunities: Exposure to various disciplines within the field, providing a broad range of experience.

Required Documents for Application

For Undergraduate Students:

  • Academic results and full transcripts.
  • Proof of registration and/or fee statement.
  • Copy of matric certificate.
  • ID/passport
  • Detailed CV highlighting academic achievements, extra-curricular activities, and leadership skills.
  • A motivation letter supporting the application.

For School-Leaving Learners:

  1. Academic results:
  • Final 2023 Grade 11 results.
  • Grade 12 mid-year 2024 results.
  • National Benchmark Test (NBT) results.
  1. Final Grade 12 results may be considered.
  2. A score above 90% in Mathematics and an overall A aggregate.
  3. A CV emphasizing academic performance, extra-curricular activities, and leadership skills.
  4. A motivation letter supporting the application.

Application Process

Kindly follow the steps below to apply for Sanlam Bursaries and Funding:

For more information, please go to the official website at

Application Deadline

30 June 2024.

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