Alexander Forbes Group Holdings, established in 1935, is a leading South African financial services group offering comprehensive solutions in investment, retirement, life, and insurance.
Their reach extends beyond South Africa, with operations in the United Kingdom, Africa (Botswana, Namibia, Zimbabwe, Nigeria, Zambia, and Uganda), Europe, and the Middle East.
Alexander Forbes, in collaboration with the Insurance SETA (INSETA), offers a dedicated bursary program specifically for students pursuing a BSc Actuarial Science qualification.
About the Alexander Forbes Bursary
The Alexander Forbes Bursary aims to empower financially disadvantaged South African students with a passion for actuarial science.
This targeted program recognizes the role actuaries play in the financial services industry and helps bridge the gap between talent and opportunity.
By awarding 15 bursaries annually, Alexander Forbes invests in the future of South Africa’s actuarial profession.
Here’s what sets the Alexander Forbes Bursary apart:
- Focus on Actuarial Science: This program caters specifically to students pursuing a BSc in Actuarial Science.
- Industry Partnership: The collaboration with INSETA further strengthens the program’s commitment to fostering qualified actuaries.
- Financial Support: The bursary provides crucial financial assistance to deserving students facing financial hurdles.
However, it’s important to note that the Alexander Forbes Bursary comes with a work-back agreement.
Upon graduation, successful recipients will be required to work for Alexander Forbes.
Alexander Forbes Bursary Eligibility Criteria
Before applying, ensure you meet all the eligibility requirements:
- South African Citizenship: This bursary program is exclusively open to South African citizens.
- Academic Qualification: You must be currently enrolled in a BSc Actuarial Science program.
- Year of Study: The bursary is available for students in their 2nd, 3rd, 4th year of undergraduate studies or Honours year.
- Academic Performance: A minimum overall average of 60% achieved in the previous academic year is mandatory.
- University Status: You must be registered at a recognized and accredited South African university offering a BSc Actuarial Science program.
- Financial Need: You must be able to demonstrate proven financial need.
Alexander Forbes Bursary Application Requirements
To be considered for the Alexander Forbes Bursary, you’ll need to submit the following documents:
- Completed online application form
- Certified copy of your South African ID document
- Official academic transcripts reflecting your current year of study and results for the previous year
- Proof of your university registration
- A detailed motivation letter outlining your academic goals and financial need.
Ensure all documents are certified and scan them in a clear format for online submission.
How to Apply
Applications for the Alexander Forbes Bursary are handled exclusively online.
Here’s how to submit your application:
- Visit the Alexander Forbes bursary application portal.
- Create an account or log in if you have an existing account.
- Locate and select the specific bursary program (Alexander Forbes Bursary).
- Carefully complete the online application form, ensuring all information is accurate and up-to-date.
- Upload the required supporting documents in the designated sections.
- Proofread your application thoroughly before submitting it.
Remember, incomplete applications or those missing crucial documents will be disqualified.
How to Contact Alexander Forbes Bursary
While the application portal handles submissions, you may encounter technical difficulties.
If you require assistance with the online application process, you can contact Alexander Forbes at their general enquiries line: 087 350 4000.
There is no dedicated email address provided for inquiries about the bursary program.
Alexander Forbes Bursary Closing Date
The application period for the Alexander Forbes Bursary typically opens in the first half of the year.
However, the actual deadlines might change from year to year.