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Santam Bursary Programme

Santam Bursary Programme

In an effort to create a conduit for critical and future fit skills in the financial services sector with the focus in the Short Term Insurance Industry, Santam Limited, South Africa’s largest general insurer, established the Santam Bursary Programme as part of its Skills Development Academy.

The Santam Bursary Programme intend to produce a steady stream of skilled, capable and high calibre graduate learners with core technical skills, and behavioural and leadership competencies. This in return makes bursary opportunities available to young talented individuals studying in areas such as actuarial science, agriculture, underwriting, hydraulics and insurance assessment. The initiative was established to ensure Santam builds a talent stream and South Africa has the required skills to grow our economy.

Will you be a second, third or final year undergraduate, or an Honours student next year? Are you keen on pursuing a career in the short-term insurance industry?

Santam and StudyTrust are pleased to invite you to apply for a bursary if your studies are focused on one of the study programmes listed below.


Students pursuing a Postgraduate Diploma, Bachelor’s degree, Honours degree in:

  • Actuarial, Data Analytics, Data Sciences, Statistics
  • Agriculture
  • Civil, Geomatics Engineering
  • Insurance Technical Accounting, Economics, Finance, Mathematics
  • Reinsurance, Risk Management, Underwriting


The bursary will cover costs (capped) for the following:

  • Registration/Tuition fee
  • Accommodation (Deposit, admin fees, etc.)
  • Learning material (Books, e-Manuals, etc.)
  • Laptops
  • Monthly allowance
  • Travel/Transport allowance


The main criteria used in the selection of successful applicants are academic potential and motivation for a career with Santam.

Applicants must have achieved an average of 65% and above for their undergraduate degree and in the latest examinations (mid-year/June).

Specific criteria applies to Agricultural applicants. See below for more details before considering your application.


Applications must be completed online before 30 September 2023 to be considered for a bursary for 2024.

Only applications with South African citizenship will be considered.


Application season:
1 May to 30 September

Please carefully read the instructions on our bursary applications page before starting your application.

2024 applications are closed. Qualifying students are encouraged to apply for a StudyTrust Skills Development Bursary that closes on 30 November.

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