For the 22nd successive year, Ceylinco Life has begun the countdown in its search for another 160 talented young Sri Lankans eligible to win ‘Pranama scholarships’ under the life insurance leader’s flagship rewards programme.
The Company has announced that its branches island-wide will begin accepting applications from 1st March to 31st May 2023, for these scholarships to be awarded under the four-tiered scheme. The 2023 edition of the ‘Pranama Scholarships’ presentation ceremony is scheduled to take place in August.
This year too scholarships to the total value of Rs 11 million are to be presented to children of Ceylinco Life policyholders who have performed exceptionally well in their pursuits of education, sports, arts, and other extracurricular endeavours, the Company said.
To date, a total of Rs 177 million has been disbursed to 3,034 students under this scheme. With the latest edition of ‘Pranama Scholarships’ Ceylinco Life will take this total to Rs 188 million and the beneficiary numbers to 3194.
Ceylinco Life’s ‘Pranama Scholarships’ programme 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 5 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, drama, invention or creativity.
The 22nd ‘Pranama Scholarships’ programme will reward 25 students who excelled at the 2022 Year 5 scholarship examination with Rs 120,000 each, payable in instalments over five years. Another 25 students who excelled at the 2021 G.C.E. Ordinary Level Examinations will each receive Rs 84,000, payable monthly over two years.
Furthermore, 25 students placed 1st in their districts at the 2021 G.C.E. Advanced Level examinations will receive scholarships worth Rs 144,000 each, payable over three years. Additionally, one-time payments of Rs 30,000 each will be presented to 75 students placed 2nd, 3rd, and 4th in their districts at this same public exam.
In order to recognize excellence in extracurricular activities, the Company, as customary, will also present another ten students who have excelled in sports, art, drama, invention or the creative fields in 2021 and 2022 on a national or international scale, with merit awards, each to the value of Rs 35,000.
Adjudged Sri Lanka’s ‘Brand of the Year’ and ‘Service Brand of the Year’ by the Sri Lanka Institute of Marketing (SLIM) and ‘Best Life Insurer in Sri Lanka’ by World Finance for the ninth consecutive year in 2022, Ceylinco Life has been the country’s leading life insurer for more than half of the 34 years it has been in existence. The Company was also ranked the ‘Most Valuable Life Insurance Brand in Sri Lanka’ by Brand Finance and certified a ‘Great Workplace’ in Sri Lanka for the third consecutive year in 2022. Ceylinco Life has close to a million lives covered by active policies and provides innovative life insurance solutions which offer protection while de-risking the goals and ambitions of the Company’s policyholders.