Ceylinco Life has doubled the value of its ‘Pranama’ scholarships for top performers at school examinations. This gesture will benefit students who will receive their scholarships at the next Pranama scholarships presentation on September 16, a company official said.
Twenty-five students who excelled at the 2022 Year 5 scholarship examination who were due to Rs 120,000 each payable in instalments over five years, will now receive Rs 240,000 each instead.
Similarly, 25 students who excelled at the 2021 GCE Ordinary Level Examinations will now each receive Rs 168,000 payable monthly over two years, instead of the Rs 84,000 they were promised. Another 25 students placed first in their districts at the 2021 GCE Advanced Level examinations will receive scholarships worth Rs 288,000 each payable over three years, as opposed to Rs 144,000, while the one-time payment of Rs 30,000 each that was to be presented to 75 students placed second, third and fourth in their districts at this same public examination, will be increased to Rs 60,000 each.
The Merit Award of Rs 35,000 each presented to 10 students who have excelled on a national or international level in sports, art, drama, invention or the creative fields in 2021 and 2022, will be increased to Rs 50,000 each.