Sasria Bursaries 2025
Sasria SOC Ltd, established over four decades ago, is a South African state-owned entity specialising in non-life insurance. The company's inception was inspired by the resilience demonstrated during the Soweto Uprising, reflecting its commitment to providing coverage against special risks such as politically motivated acts, strikes, riots, terrorism, and public disorder. Sasria's clientele encompasses government institutions, private organisations, and individuals, all seeking protection against unforeseen events that could disrupt societal harmony and economic stability.
In alignment with its corporate social responsibility and dedication to fostering education, Sasria offers a bursary programme aimed at nurturing young talent in fields deemed scarce and essential for the nation's growth. The Sasria Bursary Programme for the 2025 academic year is now open, inviting applications from eligible students passionate about contributing to South Africa's future.
Fields Covered by the Sasria Bursary
Bachelor’s degree in one of the following fields:
- Insurance or Risk Management
- Mathematics or Statistics
- Finance, Accounting, or Economics
- Computer Science or Information Technology
By focusing on these areas, Sasria aims to cultivate a skilled workforce capable of addressing complex challenges in the financial and technological sectors, thereby enhancing the nation's economic resilience.
Coverage of the Bursary
The Sasria Bursary is comprehensive, lifting the financial burdens associated with tertiary education. The bursary covers the following costs :
- Tuition Fees: Full payment of university tuition for the duration of the undergraduate programme.
- Accommodation: Provision for housing expenses, either on-campus or off-campus, depending on the university's offerings.
- Study Materials: Allocation for textbooks, software, and other essential academic resources.
- Living Allowance: A stipend to cover daily living expenses, including meals and transportation.
This financial support ensures that recipients can focus on their studies without the distraction of economic constraints, promoting academic excellence and personal development.
Eligibility Criteria
Prospective applicants must meet the following criteria to be considered for the Sasria Bursary:
- Citizenship: Must be a South African citizen.
- Age Requirement: Between 16 and 20 years old.
- Academic Status: Currently in Matric (Grade 12) in 2024 or have completed Matric.
- Field of Study: Intending to pursue a full-time undergraduate degree in one of the specified fields.
- Academic Performance: Achieved a minimum overall average of 70% in Matric, with a pass in Mathematics (not Mathematical Literacy).
- University Admission: Planning to enrol at a recognised and accredited university in South Africa.
- Household Income: Total household income must be less than R600,000 per annum.
These stringent criteria are in place to identify candidates who not only demonstrate academic prowess but also exhibit the potential to contribute meaningfully to their chosen fields and, by extension, to the nation's development.
Application Process
Applying for the Sasria Bursary involves a systematic process to ensure all applications are evaluated fairly and thoroughly. The steps include:
1. Online Application:
- Complete the application form available on the Sasria website: Sasria Website.
- Ensure all sections of the form are filled accurately, providing truthful and comprehensive information.
2. Submission of Supporting Documents:
- Certified copy of South African ID document.
- Certified copy of Matric certificate (if completed) or latest Matric report (if currently in Matric).
- Certified copies of parents' or guardians' ID documents or death certificates.- Proof of parents' or guardians' income (recent payslips, affidavit if unemployed, or income declaration if self-employed).
- Proof of residence.
- Motivational letter detailing personal background, academic achievements, leadership experiences, and reasons for applying for the bursary.
Note: All certified copies should not be older than three months.
3. Application Deadline:
- Submit the completed application and all supporting documents by 3 January 2025 at 12:00. Late applications will not be considered.
Adhering to the application process and meeting all requirements is crucial for consideration. Incomplete or inaccurate applications may lead to disqualification.
Selection Process
The selection process for the Sasria Bursary is merit-based, focusing on academic excellence, financial need, and the applicant's potential to succeed in their chosen field. After the initial screening of applications, shortlisted candidates may be invited for interviews or further assessments to evaluate their suitability for the bursary. Successful applicants will be notified and provided with further instructions regarding the acceptance of the bursary and enrolment procedures.
Obligations of Bursary Recipients
Recipients of the Sasria Bursary are expected to:
- Maintain Academic Performance: Consistently achieve satisfactory academic results throughout the duration of their studies.
- Conduct: Uphold high standards of conduct, both academically and personally, reflecting the values of Sasria.
- Communication: Maintain regular communication with the Sasria bursary administration, providing updates on academic progress and any changes in circumstances.
Failure to meet these obligations may result in the termination of the bursary.
Contact Details
Head Office: Illovo, Sandton, 2196
Email: Contactus@Sastia.co.za
Telephone: 011 214 0800
