Ceylinco Life invites applications for 21st ‘Pranama’ Scholarships program

(Above) Ceylinco Life Managing Director/CEO Thushara Ranasinghe and the compeers at the last Pranama scholarships presentation conducted on a virtual platform and (Below) an Advanced Level scholarship recipient placed first in her district receives a tablet computer from Ceylinco Life

• Life insurance leader to reward another 160 bright young Sri Lankans this year with Rs. 11 m in scholarships

Ceylinco Life has announced that it has launched the search for the next batch of 160 young Sri Lankans that will be rewarded with scholarships totalling more than Rs. 11 million under the 21st edition of the company’s ‘Pranama Scholarships’ program.

The Company said it is currently accepting applications for these scholarships under four categories from children of policyholders that have excelled in academics and extracurricular pursuits, and will continue to do so until applications close on 30 April 2022. The ‘Pranama’ Scholarships presentation is expected to take place in July this year. Ceylinco Life has amended the program’s usual timelines to accommodate the delays in the conduct of national examinations due to the COVID-19 pandemic.

Ceylinco Life’s ‘Pranama scholarships’ scheme has to date disbursed a total of Rs. 167 million and benefitted 2,887 students. With the latest edition of the program, the life insurance leader will take this total to Rs. 178 million and the beneficiary numbers to 3,047.

Ceylinco Life’s ‘Pranama scholarships’ program rewards academic as well as extra-curricular achievements with cash prizes for those who achieve the best results in their respective districts at the year Five Scholarship examination, the GCE Ordinary Level and the GCE Advanced Level as well as for children who excel at an international and national level in sports, arts, invention or creativity.

The 21st ‘Pranama Scholarships’ program will reward 25 students who excelled at the 2021 Year Five Scholarship examination with Rs. 120,000 each payable in instalments over five years. Another 25 students who excelled at the 2020 G.C.E. Ordinary Level Examinations will each receive Rs. 84,000 payable monthly over two years, while 25 students placed First in their districts at the 2020 G.C.E. Advanced Level examinations will receive scholarships worth Rs. 144,000 each payable over a three-year period.

Additionally, the 25 Advanced Level students placed first in their districts will each receive a tablet computer from Ceylinco Life.

Furthermore, one-time payments of Rs. 30,000 each will be presented to 75 students placed second, third and fourth in their districts at the 2020 GCE Advanced Level examination.

Another ten students who have excelled in sports, drama, invention or creative fields in 2020 and 2021 on a national or international scale will be presented merit awards, each to the value of Rs. 35,000.