INSETA ISSF Bursary South Africa 2025

The Insurance Sector Education and Training Authority (INSETA) offers the Insurance Sector Student Fund (ISSF) bursary for the 2025 academic year. This initiative supports students pursuing qualifications in the insurance and related sectors. This program aims to help people from different backgrounds and tackle skills gaps.

You can apply for the INSETA ISSF bursary to receive financial support for your studies in insurance-related fields This guide will walk you through the whole application process and other important details, including eligibility requirements, closing date, and expenses covered. Hence, continue reading to enlighten yourself.

Overview of INSETA ISSF

INSETA is a key organization in South Africa that focuses on education and training in the insurance industry. Its goal is to improve both the number and quality of the essential skills that are in short supply within the insurance sector. To help address the shortage of skills, INSETA offers various skills development and training programs, including bursaries, leadership, and internships.

The ISSF Bursary Scheme is made to support all parts of the insurance industry. The ISSF gets its businesses in both the private and public sectors, all committed to helping train, upskill, and reskill students, graduates, and workers in different industries.

INSETA ISSF Bursary South Africa 2025

The Insurance Sector Student Fund (ISSF) is a bursary scheme that is co-funded to provide support across the entire insurance value chain. You can apply for the 2025 academic year scheme to receive financial support for your studies in the insurance sector. Here’s the breakdown of INSETA ISSF bursary South Africa 2025:

INSETA ISSF South Africa 2025: Fields and Expenses Covered

The main concern of students is what fields are covered by the bursary. Priority will be given to individuals, whether both employed or unemployed, who are studying or plan to study courses in the insurance and related sectors. Students studying the following fields will be prioritized:

• Insurance Agent
• Insurance Broker
• Financial Investment Advisor
• Actuary
• Compliance Officer
• Software Developer
• Insurance Claims Administrator
• Insurance Loss Adjuster
• Sales and Marketing Manager
• ICT System Analyst

The bursary will provide funding for the following expenses:

• For Unemployed Students: Textbooks, tuition fees, accredited or registration accommodation, and technological devices, including laptops when necessary.
• For Employed Students: The bursary will cover tuition fees and textbooks.

Awards are given according to a sliding scale. Applicants who are shortlisted will be notified within 60 days of the closing date. If you do not hear back by this date, kindly consider your application unsuccessful.

INSETA ISSF Bursary South Africa 2025: Eligibility Requirements

Before submitting an application, applicants must fulfill certain eligibility requirements. If you fail to meet the requirements your application will not be considered. The following are the eligibility requirements:

• Applicants need to be a South African citizen.
• Completion of Matric is required.
• Applicants must either be unemployed and between 18 and 35 years old or employed, regardless of age.
• You should be enrolled or planning to enroll at a recognized tertiary institution in South Africa, ideally in a course related to insurance or its related sector.
• Receiving any other bursary funding is not allowed.

INSETA ISSF Bursary South Africa 2025: Application Process

You can apply for the bursary through their official platform by completing the online application form and submitting the required documents. Here’s how to apply for the program:

• Firstly, go to the INSETA official website (Official Platform) or the bursary portal.
• Next, navigate to the relevant section for your category to apply. You’ll come across the following categories:
  • Section A: For Higher Education Institutions (HEIs) and Strategic Implementation Partners.
  • Section B: For co-founders
  • Section C: South African public (Both Unemployed and Employed).
  • Section D: National Skills Fund (for South African Public – unemployed only).
  • Section E: National Skills Fund (for HEIs & Strategic Implementation Partners).
• Next, you must prepare the following documents:
  • Certified copy of ID documents not older than three months.
  • Certified copy of Matric certificate.
  • If currently studying, the most recent academic record (on the institution’s letterhead).
  • Acceptance letter from the institution (on the institution’s letterhead).
  • If applicable, proof of registration from the institution (on the institution’s letterhead).
  • Tuition fee or course quotation (on the institution’s letterhead).
  • Provide a completed consent form (INSETA Form).
• Employed Applicants:
  • You must provide the completed ISSF Worker Form.
  • Employment Letter (signed and dated).
• Unemployed Applicants:
  • ISSF learner Form (completed).
  • Accommodation fee or course quotation (on the institution’s letterhead).
  • Certified copy of parents’ or guardians’ ID documents, death certificates, or affidavit if increased.
  • Certified copy of parents or guardians’ recent 3-month payslips or bank statements.
  • Certified copy of parents’ or guardians’ affidavit and SASSA letter if receiving a grant.
  • Documents should be labeled as “Initials + Document Name” and submitted in a zipped folder.

Closing Date: 16 November 2024

Closing Statement

In conclusion, you can apply for the INSETA ISSF bursary for the 2025 academic year by following the application process on their official platform and submitting the required documents. Apply for the application before the closing date to ensure your submission is considered for the bursary.