Ceylinco Life has begun the countdown in its search for another 160 talented young Sri Lankans eligible to win ‘Pranama scholarships’ under its flagship rewards program For the 22nd successive year.
The Company branches islandwide will accept applications up to May 31, 2023, for these scholarships to be awarded under the four-tiered scheme. The 2023 edition of the ‘Pranama Scholarships’ presentation ceremony is due to take place in August.
This year scholarships to the value of Rs 11 million will be presented to children of Ceylinco Life policyholders who have performed exceptionally well in their pursuits of education, sports, arts, and other extracurricular endeavours, a company spokesman said.
To date, Rs 177 million has been disbursed to 3,034 students under this scheme. With the latest edition of ‘Pranama Scholarships’ Ceylinco Life will take the total to Rs 188 million and the beneficiary numbers to 3,194.
The scholarship program rewards academics as well as extra-curricular achievements with cash prizes for those who achieve the best results in their 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 Scholarship’ program 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.
Twenty-five students placed first in their districts at the 2021 GCE Advanced Level examinations will receive scholarships to the value of Rs. 144,000 each, payable over three years. One-time payments of Rs 30,000 each will be presented to 75 students placed second, third and fourth in their districts at this same public examination.
To recognise 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 to the value of Rs 35,000 each.