The Sanlam Actuarial Science Bursary 2027 closes on 30 June 2026. This date is closer than it seems. If you dream of becoming an actuary but worry about tuition fees and finding work after graduation, this opportunity removes both barriers. It offers more than money. You receive mentorship, vacation work, and a guaranteed job after you finish studying.
What Is This Bursary?
This is a comprehensive development programme for South African students who want to become actuaries. Sanlam will fund your studies and guide your career.
You can apply if you are currently in Matric and plan to study Actuarial Science in 2027. You can also apply if you are already at university in your first, second, or third year of Actuarial Science.
The bursary covers your full academic journey. It pays for tuition and accommodation. It also gives you a monthly allowance for books and living expenses.
Unlike standard bursaries that stop at graduation, this one continues. Sanlam promises you employment after you finish. They also support you while you write your actuarial board exams.
Who Can Apply?
You must be a South African citizen. You need strong Mathematics skills and a genuine interest in solving financial and statistical problems.
If You Are in Matric Now
You need an A aggregate overall. You need above 90% in Mathematics.
Your Grade 11 final results matter. Your Grade 12 mid-year results from 2026 also matter. Sanlam uses these to select candidates.
You must plan to study Actuarial Science full-time in 2027.
If You Are Already at University
You must be studying Actuarial Science full-time. You must be in your first, second, or third year.
You need excellent academic records. You must show dedication and leadership potential.
What You Will Receive
The financial support is complete. You do not pay for tuition or residence. You receive pocket money.
The professional support is even more valuable. You get:
- Personal mentorship from qualified actuaries at Sanlam
- Vacation work during university holidays
- Networking opportunities with professionals
- Academic support to help you pass
- Funding for your actuarial board exams after graduation
- Guaranteed employment when you finish studying
- Rotation across different departments to find your best fit
This structure helps you move from student to professional without the stress of job hunting.
How to Apply
You must apply online. Email applications are not accepted.
Visit the official Sanlam application portal. Complete every section. Upload all documents before 30 June 2026.
Documents for Matric Learners
Prepare these files now:
- Your final Grade 11 results from 2025
- Your mid-year Grade 12 results from 2026
- NBT results if you have them
- Your ID document
- A comprehensive CV
- A motivation letter
Documents for University Students
- Full academic transcripts
- Proof of registration or a fee statement
- Copy of your Matric certificate
- Copy of your ID
- A comprehensive CV
- A motivation letter
How to Write Your Motivation Letter
This letter can make or break your application. Do not write a generic essay.
Sanlam asks specific questions. You must answer each one clearly:
- What does an actuary do? Explain in your own words.
- Why do you want to study actuarial science?
- Why do you believe you have what it takes to succeed?
- Why should Sanlam choose you specifically?
- What alternative career would you consider if you do not become an actuary?
Be honest and personal. Show that you understand the career. Show that you have backup plans. This proves you think strategically.
Tips to Strengthen Your Application
Many applicants have good marks but weak applications. Here is how to stand out:
Prepare early. Do not wait until June 2026. Online portals crash when deadlines approach. Start your application in May.
Fix your CV. Do not just list your name and school. Include academic achievements, leadership roles, sports, volunteer work, and awards. Show you are active and disciplined.
Check your documents. Blurry photos of report cards look unprofessional. Scan documents clearly. Name your files properly.
Answer every question. Incomplete applications are rejected immediately. If a field does not apply to you, write “Not Applicable” rather than leaving it blank.
Understand the competition. Thousands of students apply. Marks get you shortlisted. Your motivation letter and CV get you selected. Take time to polish them.
Important Dates and Rules
The closing date is 30 June 2026. No late applications are accepted.
Bursaries are awarded on merit. Sanlam also considers employment equity goals.
If you do not hear back by 1 October 2026, your application was not successful this time.
Why Actuarial Science?
This career is difficult but respected. Actuaries analyse risk using Mathematics and statistics. They work in insurance, investments, healthcare, and retirement planning.
You must study for years after university to pass board exams. The work is challenging. However, the income and job security are excellent.
If you enjoy solving complex problems and working with numbers, this path suits you.
Your Next Step
Visit the application portal today. Check that you meet the marks requirements. Download the document checklist. Start drafting your motivation letter this week.
You have until 30 June 2026 to submit. Use this time to create a perfect application. Good marks open the door. A careful, complete application walks you through it.
This bursary can change your future. Start preparing now.