Category: Bursaries
Field of Study: Actuarial Science
Provider: Sanlam
Citizenship: South African citizens
Application Type: Online
Closing Date: 30 June (annually)

About the Bursary

Sanlam offers a prestigious Actuarial Bursary Programme aimed at supporting high-performing South African students pursuing Actuarial Science — one of the most sought-after professions globally.

The programme provides financial support, academic mentorship, and guaranteed employment upon successful completion of studies.

What the Bursary Covers

✔ Tuition and accommodation fees
✔ Allowance for books, travel, and study expenses
✔ Mentorship and academic support from Sanlam actuaries
✔ Work rotation exposure across multiple disciplines
✔ Vacation work and networking opportunities (senior students)
✔ Actuarial board exam support and fee payment
✔ Guaranteed employment after graduation

Undergraduate Requirements

Applicants must be:

South African citizens
Full-time 1st, 2nd, or 3rd year Actuarial Science students
Academically strong and committed to success

Required Documents

Full academic transcripts
Proof of registration / fee statement
Copy of matric certificate
Copy of ID
Comprehensive CV (academics, leadership, extra-murals)
Motivation letter answering:
1. What does an actuary do?
2. Why Actuarial Science?
3. Why are you suited to this career?
4. Why should Sanlam choose you?
5. Alternative career paths if actuarial studies are not successful?

Matric Student Requirements

Ideal candidates:

Strong mathematics ability
Disciplined and problem-oriented
90%+ in Mathematics
Overall A aggregate

Required Documents

Grade 11 final results
Grade 12 mid-year results
NBT results
Comprehensive CV
Motivation letter (same questions as above)

How to Apply

Applications open: 1 February – 30 June (annually)
Application method: Online applications only
No late or email applications accepted

Queries: ActuarialBursaries@sanlam.co.za

Selection Criteria

Bursaries are awarded on merit and aligned with Sanlam’s employment equity plan.