Liberty Life Bursary Programme 2013

Advertiser: Liberty Life
Location: Johannesburg

Bursaries are granted for full-time study of Actuarial Science at various tertiary institutions. Applicants must show the ability to innovate and share our passion for people; thus maintaining our competitive advantage.

Successful applicants are expected to do a minimum amount of vacation work during the June and December holidays at Liberty Life's Head Office in Braamfontein, Johannesburg.

Bursaries are reviewed after each examination based on the student's academic performance and are renewed annually. All bursaries are granted on merit, but preference is given to black (African, Coloured and Indian) applicants.

Requirements:
- Excellent overall results including a distinction for higher grade mathematics.
- A minimum of two distinctions (including mathematics) if higher grade physical science is one of the incumbent's subjects.
- A minimum of four distinctions (including mathematics) if physical science is not one of the incumbent's subjects.
- At tertiary level, students must maintain continuous excellence in academic performance in all subjects.
- Good leadership qualities and participation in extramural activities such as sports, debating societies, chess clubs and various Olympiads, etc are an added advantage.

Costs Covered:
- Tuition fees are paid for each academic year of study and reviewed annually based on academic performance.
- Residence fees / subsistence allowance is paid for shared accommodation at a university residence.
- A monthly subsistence allowance is paid if the student chooses not to live at the university residence.
- A book allowance is paid annually for the purchase of textbooks.
- First year students qualify for a calculator allowance.

Applications are open to all students regardless of the year of study. Once approved, the bursar will enter into an agreement with Liberty Life that will be renewed annually.

All bursars are obliged to complete a period of employment for every year of sponsorship. The standard employment contract will be entered into once studies are completed.

Reference code: LibertyBursaryProgramme2013

Closing date: 31 August 2013

Click here to apply
Definitions:

Internship:

There are basically two types of internships:

  • The Undergraduate Internship: Usually with bigger organisations that pick undergraduates to attend the internship. It often takes places during the holidays and the average durations is a few weeks. In most cases the intern will receive some sort of stipend or salary and this type of internship may lead to a job offer to the intern once he / she is finished with their studies.
  • The Graduate Internship: This type of internship could be paid or unpaid and it is to gain practical work experience after the qualification has been completed and in a job related to the qualification. It could be from a few weeks or even one or two years long. This type of internship could also lead to permanent employment.

Learnerships:

A learnership is an occupational qualification and it consists of theory and work-based experience and practical skills, with formal assessment and a qualification. At the end of the learnership the candidate may be offered permanent employment.

In-service training:

In-service training is to gain practical work experience during studies. It usually takes place after a few years of theory has been successfully completed. It is essential work experience that is part of the qualification and the in-service training is necessary to achieve the qualification. It could be paid or unpaid.