Are you looking to pursue a career in the short-term insurance industry? If you are a second, third, or final year student, or even an Honours student, the Santam Bursary Programme might be the perfect opportunity for you to take your academic journey to the next level. Established by Santam Limited, South Africa’s largest general insurer, this initiative aims to equip talented young individuals with the skills necessary to succeed in a dynamic and growing industry. This article will provide all the details you need about the Santam Bursary Programme, including eligibility criteria, bursary benefits, and how to apply.
What is the Santam Bursary Programme?
The Santam Bursary Programme was created as part of the Santam Skills Development Academy. Santam Limited’s objective is to help build a solid pipeline of young professionals with the skills required to meet the demands of the short-term insurance industry. The bursary programme targets key areas like actuarial science, agriculture, underwriting, hydraulics, and insurance assessment, all of which are essential to the future of South Africa’s insurance sector.
Santam Bursary Programme 2024: Focus Areas
The Santam Bursary Programme is open to students who are currently pursuing or intend to pursue studies in various fields related to the insurance and agriculture industries. The bursary covers the following areas of study:
Key Study Programmes for Bursary Application
- Actuarial Science
- Data Analytics & Data Sciences
- Statistics
- Agriculture
- Civil Engineering
- Geomatics
- Mechanical Engineering
- Construction
- Insurance Technical Accounting
- Economics
- Finance
- Mathematics
- Risk Management
These study fields are vital in closing the skill gap in South Africa’s insurance and agricultural sectors. Santam aims to equip future leaders with the tools to tackle industry challenges and contribute to the growth of the economy.
Bursary Details
The Santam Bursary Programme offers comprehensive financial support to eligible students. The bursary will cover costs for the following:
- Registration and Tuition Fees: This ensures you can focus on your studies without the burden of paying for your education.
- Accommodation Fees: Bursary recipients will receive assistance with accommodation, including deposits and administrative fees.
- Learning Materials: Books, e-manuals, and other essential learning resources are covered.
- Laptop: Santam provides laptops to help you complete assignments, research, and stay connected with academic content.
- Monthly Allowance: A monthly stipend to cover living expenses.
- Travel/Transport Allowance: Financial aid to cover transport costs to and from your academic institution.
These bursary benefits aim to provide students with everything they need to excel in their studies and lay the foundation for a successful career in the short-term insurance and agricultural industries.
Eligibility Criteria
Santam has set out specific criteria for selecting students to be awarded the bursary. Applicants must meet the following requirements:
- Academic Requirements: Applicants must have achieved an average of 65% or higher in their undergraduate degree or in their most recent examinations (mid-year or June).
- Citizenship: The Santam Bursary Programme is open only to South African citizens.
- Fields of Study: The bursary is available to students pursuing undergraduate or Honours degrees in the fields mentioned earlier, including actuarial science, agriculture, engineering, risk management, and insurance.
- Special Criteria for Agriculture Students: For those pursuing studies in agriculture, Santam has specific criteria, including a focus on crop production and plant sciences. Preference is given to candidates with knowledge in soil science or plant production.
- Employment Equity Candidates: Santam encourages applications from Employment Equity candidates to support its commitment to diversity and inclusion in the workforce.
How to Apply
The application process for the Santam Bursary Programme is straightforward and can be completed online. Here is a step-by-step guide on how to apply:
- Visit the Application Page: Go to the official Santam Bursary Programme website and read all the instructions carefully before beginning your application.
- Check Eligibility: Ensure that you meet all the eligibility criteria for the bursary, including the academic and field of study requirements.
- Complete the Application Form: Fill out the online application form, providing all the necessary details about your academic history, extracurricular activities, and motivation for applying.
- Submit Required Documents: You will need to upload several documents as part of your application, such as:
- Proof of South African citizenship (ID or Passport).
- Academic transcripts or proof of current study status.
- A motivational letter explaining why you want to pursue a career in the short-term insurance industry and why you are a suitable candidate for the bursary.
- Deadline for Applications: The closing date for applications is 30 September 2025. Ensure that you complete your application before the deadline to be considered for the bursary.
Also check: AfriSam Bursary Programme 2025
Important Dates
- Application Season: 1 May to 30 September
- Application Deadline: 30 September 2025
The Santam Bursary Programme offers a fantastic opportunity for South African students to pursue higher education in fields critical to the country’s financial and agricultural sectors. With comprehensive financial support, career development opportunities, and a clear path to employment, this bursary programme sets students up for long-term success in the short-term insurance industry.
If you are a second, third, or final year student in one of the designated fields of study, don’t miss the chance to apply for this amazing opportunity. Start your application process today and take the first step toward a rewarding career with Santam.
