Sanlam Actuarial Bursary 2027
Applications for the Sanlam Actuarial Bursary 2027 are open from 1 February to 30 June each year. This prestigious bursary programme is designed for talented South African students who are passionate about Actuarial Science and want support while pursuing one of the most respected professions in the world.
Actuaries play a vital role in helping businesses, governments, and individuals make informed financial decisions. They use mathematics, statistics, and analytical thinking to assess risk and plan for the future. Through this bursary programme, Sanlam aims to develop the next generation of actuarial professionals by providing financial support and valuable career opportunities.
Why Consider a Career in Actuarial Science?
Actuarial Science is a highly regarded profession that combines mathematics, finance, data analysis, and problem solving. Actuaries help organisations understand risk and make decisions that impact millions of people.
For students who enjoy Mathematics and analytical thinking, actuarial science offers strong career prospects, competitive salaries, and opportunities to make a meaningful difference in the financial sector.
What Does the Sanlam Actuarial Bursary Cover?
Successful bursary recipients receive comprehensive support that extends beyond university fees.
Benefits may include:
- Tuition fees
- Accommodation costs
- Allowances for books and travel expenses
- Academic support and mentorship from experienced actuarial professionals
- Vacation work opportunities
- Networking and career development opportunities
- Support for actuarial board examinations and examination fees
- Guaranteed employment after successfully completing studies
This combination of financial and professional support helps students focus on achieving academic excellence while preparing for their future careers.
Undergraduate Student Requirements
The bursary is available to South African citizens who are currently studying Actuarial Science on a full time basis.
Applicants should:
- Be in their first, second, or third year of Actuarial Science studies
- Demonstrate strong academic performance
- Show commitment, discipline, and determination to succeed in the profession
Documents Required
Applicants must submit:
- Full academic transcripts
- Proof of registration or fee statement
- Matric certificate
- South African ID copy
- Comprehensive CV highlighting academics, leadership, and extracurricular activities
- Motivation letter addressing the required questions
Requirements for Matric Learners
The bursary also welcomes applications from outstanding Grade 12 learners who intend to study Actuarial Science.
Applicants should have:
- Final Grade 11 results
- Grade 12 mid year results
- National Benchmark Test results
- Above 90% in Mathematics
- An overall A aggregate
Documents Required
- Academic results
- Comprehensive CV highlighting academic achievements, leadership, and extracurricular involvement
- Motivation letter addressing the required questions
What Should Your Motivation Letter Include?
Your motivation letter should clearly answer the following questions:
- What does an actuary do?
- Why do you want to study Actuarial Science?
- Why do you believe you can succeed as an actuary?
- Why should Sanlam select you as a bursary recipient?
- If you do not become an actuary, what alternative career would you consider?
A thoughtful and honest motivation letter can significantly strengthen your application.
How to Apply
Applications are accepted exclusively through the online application system.
Before submitting your application, ensure that all supporting documents are complete and up to date. Incomplete applications may not be considered.
Applications open on 1 February and close on 30 June each year. Late submissions and applications sent by email are not accepted.
A Powerful Investment in Your Future
The Sanlam Actuarial Bursary is more than financial assistance. It is an investment in talented young South Africans who have the potential to become future leaders in the actuarial profession.
If you have exceptional Mathematics results, strong determination, and a passion for solving complex problems, this bursary could help you take the first step toward an exciting and rewarding career.