Ceylinco Life presents Pranama scholarships

A group of 154 bright young Sri Lankans identified as future leaders of Sri Lanka were felicitated recently at the BMICH with scholarships worth more than Rs 8 million at the 14th annual Pranama scholarships presentation of Ceylinco Life.

With this round of scholarships, the life insurance company's commitment to rewarding and motivating academic and extracurricular excellence reached Rs 100 million, benefitting 1,924 children and young adults.

Ceylinco Life Managing Director and CEO R. Renganathan said education continues to increase in importance, competitiveness and cost, placing a heavy burden on parents and children.

The company also pays cash awards to policyholder's children who are placed second, third and fourth at district level at the GCE Advanced Level examinations. Students who excel at the Year Five scholarship examination receive Rs. 90,000, payable in instalments over five years under the Pranama scheme.

Students who excel at the GCE (O/L) receive Rs. 72,000, payable monthly over two years, while students placed first in their districts at the GCE Advanced Level examinations receive scholarships worth Rs. 126,000 each, payable over a three-year period.

With this latest round of scholarships, Ceylinco Life increased the one-time payment presented to students placed second, third and fourth in their districts at the GCE Advanced Level examination to Rs. 15,000 each, an increase of Rs. 5,000.