Ceylinco Life's 'Pranama' scholarships to reach Rs 100 million
Life insurance leader Ceylinco Life has begun the search for another 160 bright young Sri Lankans who will receive Rs.8.3 million in scholarships at the 14th edition of the 'Pranama' scholarships presentation in February next year.
The presentation of these scholarships will see Ceylinco Life's commitment to this scheme reach Rs 100 million.
The company has announced that its 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 achievements of children of Ceylinco Life policyholders.
Applications for scholarships close on Sunday 30th November 2014, the company said.
"We have seen the value of the Pranama scholarships increase over the years as the costs of educating children impose a progressively heavier burden on parents," Ceylinco Life's Managing Director/CEO R. Renganathan said. "The scholarship programme has also helped motivate thousands of bright young Sri Lankans to strive for excellence throughout their academic careers."
Ceylinco Life has to date presented Pranama scholarships to the value of Rs 91 million to 1,770 young Sri Lankans.
Ceylinco Life Pranama scholarships are presented to policyholder's children who achieve the best results in their respective districts at the year 5 scholarship examination, the GCE Ordinary Level, and the GCE Advanced Level as well as to those who excel at the national level in sports, culture, arts, drama or invention. The Company also pays special cash awards to policyholder's children who are placed second, third and fourth at district level at the GCE Advanced Level examinations.