A bursary that covers fees is already valuable, but Sanlam’s actuarial bursary goes further by offering mentorship, academic support, vacation work, actuarial board exam support and guaranteed employment after graduation for selected students.
The Sanlam Actuarial Science Bursary 2027 is open to academically strong South African students who want to pursue actuarial science.
The bursary supports both current university students and school-leaving learners who plan to study Actuarial Science in 2027. Applications close on 30 June 2026.
What Is The Sanlam Actuarial Science Bursary 2027?
The Sanlam Actuarial Science Bursary is a funding and development opportunity for students who want to build a career as actuaries.
Sanlam says the bursary is available to scholars who have enrolled to study Actuarial Science in 2027, as well as current first, second and third-year Actuarial Science students.
This makes the bursary suitable for both matric learners planning their next step and university students already studying actuarial science.
For students who are strong in Mathematics and enjoy solving difficult problems, this opportunity can provide financial support and long-term career development.
Why Is This Bursary Worth Considering?
Many bursaries focus only on paying study costs.
This bursary offers broader support.
Successful applicants may receive funding, mentorship from actuarial professionals, vacation work opportunities, academic support, networking exposure and continued support toward actuarial board exams.
That combination can help students move from university into a structured actuarial career path with stronger guidance and workplace exposure.
What Does The Bursary Cover?
The Sanlam Actuarial Science Bursary offers comprehensive support.
It covers tuition and accommodation fees.
It also includes a general allowance for books and pocket money.
Successful bursary holders receive mentoring and academic support from Sanlam actuarial professionals.
The bursary also offers vacation work and networking opportunities with Sanlam staff.
In addition, Sanlam lists guaranteed employment after completion of studies, continued support and payment toward actuarial board exams, and work rotation opportunities across different disciplines.
Who Can Apply For The Bursary?
The bursary is open to South African citizens who meet the academic and application requirements.
Current university students must be studying Actuarial Science full-time and must be in their first, second or third year of study.
Applicants should show strong academic ability and the will to succeed.
The bursary is also open to school-leaving learners who intend to study Actuarial Science in 2027.
Sanlam is looking for learners who are strong in Mathematics, enjoy challenging problem-solving and are prepared to stay focused through years of study and training.
What Are The Requirements For University Students?
Current undergraduate applicants must be full-time Actuarial Science students.
They must be South African citizens and must be in their first, second or third year of study.
Applicants should have strong academic results and should show dedication, leadership potential and commitment to the actuarial profession.
Sanlam also asks for a comprehensive CV that focuses on academics, extra-mural activities and leadership skills.
What Documents Must University Students Submit?
University applicants must prepare their full academic transcripts.
They must also provide proof of registration or a fee statement.
A copy of their matric certificate must be included.
Applicants also need a copy of their ID.
A comprehensive CV and motivation letter must also be submitted as part of the online application.
What Are The Requirements For Matric Learners?
Matric learners who intend to study Actuarial Science in 2027 may apply.
Sanlam lists an above 90% score in Mathematics and an overall A aggregate as part of the requirements for school-leaving learners.
Final Grade 12 results may also be used as a determining factor.
This means applicants should take both their Grade 11 and Grade 12 performance seriously.
Strong Mathematics results are especially important because actuarial science is highly analytical and numbers-driven.
What Documents Must Matric Learners Submit?
Matric applicants must submit their final 2025 Grade 11 results.
They must also submit Grade 12 mid-year 2026 results.
NBT results should be included if they are available.
Applicants must also prepare a comprehensive CV focusing on academics, extra-mural activities and leadership skills.
A motivation letter is also required.
What Should The Motivation Letter Include?
The motivation letter is an important part of the application.
Sanlam asks applicants to answer key questions in their motivation.
Applicants should explain what an actuary does in their own words.
They should also explain why they want to study actuarial science.
The letter must show why the applicant believes they have what it takes to become an actuary.
Applicants should also explain why Sanlam should choose them as a bursary holder.
Finally, applicants must mention which alternative career paths they would consider if they are not successful at becoming an actuary.
Itumeleng’s Insider Tip: Do not write a generic motivation letter. Sanlam specifically asks questions about actuarial science, personal motivation and alternative career plans, so your letter should answer each point clearly and honestly.
Why Choose Actuarial Science?
Actuarial science is one of the most demanding but respected career paths for students who enjoy Mathematics, statistics, finance and problem-solving.
Actuaries use numbers and models to understand risk.
They often work in areas such as insurance, investments, healthcare, retirement planning and financial services.
This career path requires discipline because actuarial students must continue studying and completing professional exams even after university.
However, for students who enjoy analytical work, it can lead to strong long-term career opportunities.
What Makes A Strong Applicant?
A strong applicant should show more than good marks.
Sanlam’s requirements point to academic strength, leadership, extra-mural involvement and the ability to stay focused through a demanding study journey.
Applicants should use their CV and motivation letter to show discipline, problem-solving ability, leadership experience and genuine interest in actuarial science.
Marks can open the door, but a focused application can help show why you are ready for the pressure of actuarial studies.
How Can Students Improve Their Application?
Students should prepare early.
Academic records must be clear and complete.
The CV should not only list personal details. It should highlight academic achievements, leadership activities, school or university involvement, awards, competitions, volunteering and relevant interests.
The motivation letter should be structured, specific and personal.
Applicants should avoid copying generic statements from the internet because the questions require personal reflection.
How Must Applications Be Submitted?
Applications must be submitted online.
Email applications will not be accepted.
Applications must be completed through the official online application portal.
Applicants must attach the required supporting documents when completing the online process.
The closing date is 30 June 2026.
What Important Notes Should Applicants Know?
All applications must be completed online.
No applications will be accepted by email or after the closing date.
Bursaries will be awarded on merit and in line with Sanlam’s employment equity plan.
Applicants who do not receive feedback by 1 October 2026 should consider their applications unsuccessful.
What Should Applicants Avoid?
Applicants should avoid submitting incomplete documents.
They should also avoid uploading unclear academic records or leaving out the motivation letter.
Matric learners should not ignore their mid-year results, because these form part of the required documents.
University students should make sure their academic transcript and proof of registration or fee statement are included.
Applicants should also avoid waiting until the final day, because online portals can become stressful close to the deadline.
Grow Your Career with SETACareers
Access the latest learnerships, internships, bursaries, scholarships, fellowships, apprenticeships, and practical SETA guides designed to help you succeed.
- Learnerships
- Internships
- Apprenticeships
- Bursaries
- Scholarships
- Fellowships
- Career Advice
- SETA Guides
Final Thoughts
The Sanlam Actuarial Science Bursary 2027 is a valuable opportunity for academically strong South African students who want to pursue actuarial science.
With tuition support, accommodation support, allowances, mentorship, vacation work, board exam support and employment after graduation, this bursary offers more than financial relief.
Students who meet the requirements should prepare their academic records, CV and motivation letter carefully before submitting through the official online application portal before 30 June 2026.
