Ceylinco Life begins search for 160 more scholarship candidates

Up to 160 new scholarships with a cumulative value of Rs 8.3 million are to be awarded to students and young people from all districts of Sri Lanka at the 12th round of the annual ‘Ceylinco Life Pranama’ scholarships presented by life insurance leader Ceylinco Life.

The company’s flagship policyholder rewards initiative in the field of education has benefited more than 1,461 ‘future leaders’ since the first awards ceremony in January 2002, with scholarships totalling Rs. 44 million.

Ceylinco Life this week announced that it has commenced the collection of applications from eligible students in all districts of the country, and will close applications on 30 November for the scholarships presentation in January 2013.

“The Pranama scholarship scheme continues to be one of the most valuable benefits that accrue to our policyholder community,” Ceylinco Life’s Director/Deputy CEO Thushara Ranasinghe said.  “However, its impact transcends that of a normal customer rewards scheme because of the size of our policyholder base and our island-wide reach, which ensure that the benefits of the scheme reach a representative segment of the populace.”

Ceylinco Pranama scholarships are presented to policyholders’ children who achieve the best results in their respective districts at the Year five scholarship examination, the GCE Ordinary Level, the GCE Advanced Level or those who excel at the national or international level in sports, culture, arts, drama or invention.

Ceylinco Life also pays special cash awards to policyholders’ children who are placed second, third and fourth at district level at the GCE Advanced Level examinations.

Applications for Pranama scholarships are available at Ceylinco Life branches island-wide. All examination results provided by applicants are checked and certified by the Department of Examinations. For the next round of scholarships, students who sat the Year five scholarship examination in 2012, the GCE (O/L) in 2011 and the GCE (A/L) in 2011 are eligible to apply. The National Merit Awards will consider achievements in 2011/02.

One of many benefits available to Ceylinco Life policyholders, the Pranama scholarship scheme underscores the importance accorded by the company to education, which is one the key areas of intervention in the Ceylinco Life Rewards program.