Life Suba pathum Scholarship

Insurance for all from the largest & strongest National Insurer

A National Endeavour in Rewarding Academic Excellence of the Children of Our Nation

Financial Scholarships for 300 school children islandwide

What is “SLI Life Suba Pathum” Scholarship?

Sri Lanka Insurance as the pioneer and the national insurer in Sri Lanka holds the responsibility of contributing towards the academic excellence in students by encouraging and supporting them in pursuing their future goals.
Identifying the responsibility towards the nation, SLI presents “Suba Pathum” – National Scholarship Scheme to reward those who excel in Grade 5 Scholarship, Ordinary Level & Advanced Level Examinations.

Under this scheme 300 scholarships in total (per annum) will be awarded for students who achieve the top rankings at District level (for Grade 5 Scholarship & O/L examination), National level (for A/L examination in Bio/Mathematics/Commerce & Arts streams).

This scheme is open for all the children of our nation irrespective of whether or not he/she is a child of a SLI Life policyholder. However there will be extended benefits if the scholarship recipient’s parents/guardian hold a SLI Life policy.

Who are eligible to apply for “SLI Life Suba Pathum” Scholarships?

Any applicant who meets the required criteria for the respective year (which will be determined annually based on the results released by the Examination Department) for Grade 5 Scholarship, G.C.E. O/L, G.C.E. A/L examinations will be eligible to apply for the scholarship scheme irrespective of whether he or she is a Sri Lanka Insurance Life policyholder’s child.

How do I apply for “SLI Life Suba Pathum” Scholarships?

To qualify for “SLI Life Suba pathum” scholarships students have to first apply for the scholarships scheme. The application has to be sent by registered post to the address mentioned below at the time of calling for applications.

“SLI Life Suba Pathum”
National Scholarship Scheme
P.O. Box 1337,
No. 21, Vauxhall Street,
Colombo 02.

Once the applications are received, we will rank them based on performance/results and select the students who are eligible to receive the scholarship.

How may scholarships will be offered?

In total 300 scholarships (per annum) will be awarded as follows:

  1. Grade 5 Scholarship – From the applications received, 100 scholarships for the top 4 students from each district based on their district ranking
  2. G.C.E. Ordinary Level – From the applications received, 100 scholarships for the top 4 students from each district based on their district ranking
  3. G.C.E Advanced Level – From the applications received the top 100 students based on their National (Island) rank under the following 4 streams:
    • 25 students in Bio Science stream
    • 25 students in Mathematics (Physical Science) stream
    • 25 students in Commerce stream
    • 25 students in Arts stream

What are the benefits rewarded under the “SLI Life Suba Pathum” Scholarship Scheme?

You will receive financial support to achieve your future goals as illustrated below:

Benefits and rewards

Examination Number of Scholarships Benefit per Year (Rs.) Number of Years Offered Total Benefit (Rs.)
Grade 5 Scholarship 100 (Top 4 from each district)
Non Policy holders of SLI Life 20,000 1 20,000
SLI Life Policy holders 20,000 5 100,000
G.C.E O/L 100 (Top 4 from each district)
Non Policy holders of SLI Life 40,000 1 40,000
SLI Life Policy holders 40,000 2 80,000
G.C.E A/L 100 (Top 25 National ranking from each stream – Bio/Mathematics/Commerce/Arts)
Non Policy holders of SLI Life 50,000 1 50,000
SLI Life Policy holders 50,000 3 150,000

What will I receive if my parents/guardian is a SLI Life policyholder?

You will receive much more benefits. In other words you will be entitled for a long-term scholarship based on the examination type.

For an example for Grade 5 scholarships the benefit will be received through 5 years, for G.C.E. O/L scholarships the benefit will be received through 2 years, for G.C.E. A/L scholarships the benefit will be received through 3 years. Please see the total benefit column in the above table.

If the SLI Life policy that my parent/guardian holds is lapsed at present, can I still apply for the “SLI Life Suba Pathum” Scholarships?

Yes. Also if your parents/guardian reactivate their policy (within 2 weeks after notifying of the scholarship benefit), you have an opportunity to get selected for a long-term scholarship. It’s important to maintain the SLI Life insurance policy ‘inforce’ throughout the period where the scholarship benefit is offered. If the policy becomes lapsed again during this period, your scholarship will be terminated.

However even if your parents/guardian fail to reactivate the Life policy, you can still apply for the scholarships scheme and stand an opportunity to receive the benefit for one year.

What if my parents/guardian is not a SLI Life policyholder?

You will still be entitled for the “SLI Life Suba Pathum” Scholarship Scheme but your benefit will be only for one year. But if your parent/guardian is a SLI Life policyholder your benefit will be more as explained above.

 

For how long should my parents/guardian hold a SLI Life policy to be eligible for the “SLI Life Suba Pathum” Scholarship Scheme?

There is no condition for a long term waiting period. As long as your parents/guardian has become a SLI Life policyholder one week (7 days) before the official results were released by Department of Examinations for the respective examination, you have an opportunity to get selected for a long-term scholarship. Policy acceptance date will be checked by SLI for eligibility.

What are the types of SLI Life policies entitled for “SLI Life Suba Pathum” Scholarships?

All SLI Life insurance policies except Mortgage protection (DTA) and Group Life insurance policies will be entitled for this scheme.

 

If my parents/guardian are a SLI Life policyholder, how do I receive the long-term scholarship benefit?

The first year payment will be awarded to you at a special event organised by SLI. All the subsequent payments will be credited to the bank account during the first quarter of the following year. However each year “policy status” will be checked as at 31st December for lapses and the scholarship benefit will seize in case of lapsed policies. No lump sum benefit of the long-term scholarship will be given at the request of the beneficiary.

When will the benefit be rewarded each year, and how the qualifiers will be announced?

Scholarship recipients will be rewarded each year once the official results are released by the IDepartment of Examination. Names of the recipients will also be announced around this time. However this may vary if a delay arises in releasing results of the above examinations or due to another unforeseen matter.

Why should I select Sri Lanka Insurance as my insurance partner?

Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 55 years. Being backed by the state has added to its strength and credibility while it has the most experienced technical knowledge base. Its Life Fund of Rs. 90.3 billion and asset base of Rs. 171.8 billion are unmatched in the industry.

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