The Sanlam Actuarial Science Bursary offers financial and career support to South African students studying actuarial science. The bursary supports both current university students and matric learners planning to study Actuarial Science in 2027.
- What is the Sanlam Actuarial Science Bursary?
- What the Sanlam Bursary Covers
- Who Can Apply for the Sanlam Actuarial Science Bursary?
- Requirements for Matric Learners
- Why Choose a Career in Actuarial Science?
- How to Apply for the Sanlam Bursary 2027
- Tips for a Strong Application
- About Sanlam
- Frequently Asked Questions
This bursary programme helps talented students build careers in one of the world’s most respected professions. In addition, successful applicants receive mentorship, vacation work, and guaranteed employment opportunities after completing their studies.
Sanlam is one of South Africa’s leading financial services groups. The company has supported future actuaries for many years through its bursary programme.
What is the Sanlam Actuarial Science Bursary?
The Sanlam Actuarial Science Bursary is a fully funded bursary programme for academically strong students. It supports learners who want to pursue actuarial science studies at recognised South African universities.
The bursary also focuses on developing future actuarial professionals through mentorship and workplace exposure.
What the Sanlam Bursary Covers
Successful applicants receive comprehensive financial and academic support.
Benefits of the Actuarial Science Bursary
The bursary includes:
- Tuition fees
- Accommodation fees
- Allowance for books and travel expenses
- Pocket money allowance
- Mentorship from actuarial professionals
- Academic support
- Vacation work opportunities
- Networking opportunities
- Support for actuarial board exams
- Payment of actuarial board exam fees
- Work rotation opportunities across different disciplines
- Guaranteed employment after graduation
These benefits make the Sanlam Bursary one of the top bursary opportunities in South Africa.
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Who Can Apply for the Sanlam Actuarial Science Bursary?
Sanlam accepts applications from both university students and matric learners.
Undergraduate Student Requirements
Applicants must:
- Be South African citizens
- Study Actuarial Science full-time
- Be in first, second, or third year of study
- Show strong academic performance
- Demonstrate leadership and dedication
Required Documents for University Students
Students must submit:
- Full academic transcripts
- Proof of registration or fee statement
- Certified copy of matric certificate
- Certified copy of ID
- Comprehensive CV
- Motivation letter
The motivation letter must answer:
- What does an actuary do?
- Why do you want to study actuarial science?
- Why do you believe you can become an actuary?
- Why should Sanlam select you?
- Which alternative career paths would you consider?
Requirements for Matric Learners
Matric learners planning to study actuarial science in 2027 may also apply.
Minimum Academic Requirements
Applicants should have:
- Excellent mathematics results
- Above 90% in Mathematics
- An overall A aggregate
- Strong problem-solving skills
Final Grade 12 results may also influence the selection process.
Documents Required for Matric Applicants
Applicants must provide:
- Final Grade 11 results
- Grade 12 mid-year results
- NBT results, if available
- Comprehensive CV
- Motivation letter
The motivation letter questions remain the same as those for university students.
Why Choose a Career in Actuarial Science?
Actuarial science is one of the most respected professions globally. Actuaries help businesses and individuals make informed financial decisions.
They analyse risks related to:
- Insurance
- Investments
- Healthcare
- Retirement planning
- Financial markets
Actuaries combine mathematics, statistics, and business knowledge to solve complex financial problems.
As a result, actuarial professionals remain in high demand worldwide.
How to Apply for the Sanlam Bursary 2027
Applications for the Sanlam Actuarial Science Bursary must be submitted online.
Application Period
Applications open annually from:
- 1 February
- Closing date: 30 June 2026
Late applications will not be accepted.
Important Application Information
Applicants should note the following:
- Only online applications are accepted
- Email applications are not accepted
- Incomplete applications may be rejected
- Bursaries are awarded on merit
- Sanlam’s employment equity plan forms part of the selection process
Applicants who do not receive feedback by 1 October 2026 should consider their applications unsuccessful.
Tips for a Strong Application
To improve your chances of success:
- Maintain excellent mathematics marks
- Write a clear motivation letter
- Highlight leadership activities
- Include extracurricular achievements
- Submit all required documents
- Apply before the deadline
A strong application shows both academic ability and commitment to the profession.
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About Sanlam
Sanlam Group has operated for more than 100 years. The company focuses on financial planning, insurance, investments, and wealth management.
Sanlam also invests heavily in youth development through bursaries, internships, and graduate programmes.
Frequently Asked Questions
When does the Sanlam Actuarial Science Bursary close?
The bursary closes on 30 June 2026.
Can matric students apply?
Yes. Learners planning to study actuarial science in 2027 may apply.
Does the bursary cover accommodation?
Yes. The bursary covers tuition and accommodation costs.
Is employment guaranteed after graduation?
Yes. Successful bursary holders receive guaranteed employment opportunities after completing their studies.
How do I apply for the Sanlam Bursary?
Applications must be completed online through the official Sanlam careers platform.
