Kotak Life Insurance Scholarship Program 2023-24 is an initiative by Kotak Life Insurance Company Ltd. to provide financial assistance to students from Tamil Nadu and Maharashtra to help them continue their higher education. Under this scholarship program, students from Tamil Nadu and Maharashtra who are currently studying in the first-year of B.Com. course at 6 specified colleges will receive a scholarship of up to ₹30,000 per year to pay off their academic expenses.
This article offers detailed information about the Kotak Life Insurance Scholarship Program 2023-24 in terms of its application process, eligibility, documentation, and other needful information. Read further to have a detailed understanding of this scholarship and its application process.
Kotak Life Insurance Scholarship Program 2023-24 – An Overview
Kotak Life Insurance is one of the fastest-growing insurance companies in India, covering over 50 million lives nationwide (as of 30th June 2023). The company offers its customers innovative life insurance products that help them stay financially independent at every stage of life. As part of its CSR initiative, the company has introduced this scholarship program to help students from specified colleges pursue their undergraduate studies in the commerce stream.
The table given below consists of the essential details about the scholarship program for a quick reference.
Detailed Overview of Kotak Life Insurance Scholarship Program 2023-24
| Particulars | Details |
| Name of the Scholarship | Kotak Life Insurance Scholarship Program 2023-24 |
| Provider Name | Kotak Life Insurance |
| Scholarship Type | Merit and means based |
| Eligibility |
|
| Award | Up to ₹30,000 per year for 3 years to cover the academic expenses. |
| Last Date to Apply* | December 15, 2023 |
| Application Mode | Online through Buddy4Study portal |
| Academic Session | 2023-2024 |
*The application deadline mentioned above is tentative and may change at the discretion of the scholarship provider.
Kotak Life Insurance Scholarship Program 2023-24 – Key Dates
Now, with this brief piece of information, it is important to have knowledge of some other details. But before referring to them, the candidates are necessarily required to keep track of the important dates of application to this scholarship programme. The applications for Kotak Life Insurance Scholarship Program 2023-24 are currently open. The last date to submit the application forms is December 15, 2023.
Kotak Life Insurance Scholarship Program 2023-24 – Eligibility
- Open for students who are residents of Tamil Nadu and Maharashtra.
- Applicants must be enrolled in the first-year of B.Com. program at any of the specified colleges in Tamil Nadu and Maharashtra. The list of colleges is given below –
- A. Veeriya Memorial Sri Pushpam College (Thanjavur, Tamil Nadu)
- Nadar Mahajana Sangam S. Vellaichamy Nadar College (Madurai, Tamil Nadu)
- Edayathangudy G.S. Pillay Arts and Science College (Nagapattinam, Tamil Nadu)
- Jai Hind Sindhu Education Trust’s Manghanmal Udharam College of Commerce (Pune, Maharashtra)
- Gokhale Education Society’s B.Y.K. (Sinnar) College of Commerce (Nashik, Maharashtra)
- LRD and SRP College for Women (Nagpur, Maharashtra)
- Applicants must have scored 65% marks or more in Classes 10 and 12.
- Applicants must have passed Class 12 in the year 2022–2023.
- Applicant’s annual family income must be ₹3.6 lakhs or less.
Award Details
Up to ₹30,000 per year for 3 years to cover the academic expenses.
Kotak Life Insurance Scholarship Program 2023-24 – Application Process
Eligible candidates can apply for the Kotak Life Insurance Scholarship Program 2023-24 online by following the steps mentioned below –
- Visit the official scholarship page.
- Read all the details carefully and Click on the ‘Apply Now’ button of the respective category of scholarship.
- Login to Buddy4Study with your registered ID and land on the ‘Application Form Page’.
- If not registered – Register at Buddy4Study with your Email/Mobile number/Gmail account.
- You will now be redirected to the ‘Kotak Life Insurance Scholarship Program 2023-24’ application form page.
- Click on the ‘Start Application’ button to begin the application process.
- Fill in the required details in the online application form.
- Upload relevant documents.
- Accept the ‘Terms and Conditions’ and click on ‘Preview’.
- If all the details filled in by the applicant are correctly showing on the preview screen, click on the ‘Submit’ button to complete the application process.
Key Documents
- Classes 10 and 12 mark sheets and passing certificates
- A government-issued identity proof (Aadhaar card/ voter ID card/driving license/PAN card)
- Current year admission proof (fee receipt/admission letter)
- Student ID card or bonafide certificate issued by the institution
- Income proof (Form 16A, income certificate from government authority, salary slips, etc.)
- Bank account details of the applicant (Bank passbook/cancelled cheque)
- Recent passport-size photograph
Selection Process
The selection of scholars for the ‘Kotak Life Insurance Scholarship Program 2023-24’ will be based on the academic merit and financial background of the applicants. It involves a multi-stage process as detailed below –
- Initial shortlisting of applications based on the eligibility criteria specified
- Document verification
- Telephonic interview of shortlisted candidates post document verification
- The final selection and the awarding of the scholarship will be at the discretion of Kotak Life Insurance
Contact Details
In case one has any queries related to this scholarship programme, its eligibility, the application process, award details, or selection process, one is requested to connect through the email id given below –
Email: info@buddy4study.com
