The search has begun for the next 160 bright young Sri Lankans who will receive Rs 8.3 million in scholarships at the 13th Ceylinco Life ‘Pranama’ scholarships to be presented by the life insurance market leader in February next year.
The Company announced this week that its 247 branches island-wide have begun accepting applications from those eligible to be rewarded under the four-tiered scholarship scheme which recognises academic as well as extra-curricular achievement.
Applications close on Saturday, 30th November 2013, the Company said.
‘Over the past 12 years, this scholarship programme has motivated many future leaders of Sri Lanka to strive for academic or extra-curricular achievement,’ Ceylinco Life’s Managing Director/CEO R. Renganathan said. ‘It gives the company great satisfaction to see that several of them are already emerging leaders in fields such as medicine, engineering and law.’
Ceylinco Life has to date presented Pranama scholarships to the value of Rs 83 million to 1,614 young Sri Lankans.
Ceylinco Life Pranama scholarships are presented to policyholders’ children who achieve the best results in their respective districts at the Year 5 scholarship examination, the GCE Ordinary Level, the GCE Advanced Level or those who excel at the national level in sports, culture, arts, drama or invention. The Company also pays special cash awards to policyholders’ children who are placed second, third and fourth at district level at the GCE Advanced Level examinations.
Students who excel at the Year 5 scholarship examination receive Rs. 90,000, payable in instalments over five years under the Pranama scheme. Students who excel at the G.C.E. (O/L) receive Rs.72, 000, payable monthly over two years, while students placed 1st in their districts at the G.C.E. Advanced Level examinations receive scholarships worth Rs.126,000 each, payable over a three year period. Students placed 2nd, 3rd and 4th in their districts at this examination are awarded Rs. 10,000 each. Ten national merit awards of Rs.35,000 each are presented to recipients in the final category.
One of many benefits available to Ceylinco Life policyholders, the Pranama scholarship scheme underscores the importance accorded by the company to education, which is one the key areas of intervention in the Ceylinco Life Rewards programme.