The Kotak Life Insurance Scholarship Program 2024-25 is an initiative by Kotak Mahindra 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 a B.Com. course at eight specified colleges will receive a scholarship of up to INR 30,000 per year to cover their academic expenses.
This article offers detailed information about the Kotak Life Insurance Scholarship Program 2024-25 regarding 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 2024-25 – An Overview
About Kotak Life Insurance Company Ltd.
Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long-term savings. Moreover, Kotak Life is one of the fastest-growing insurance companies in India, with 286 branches across 153 cities, and has covered more than 4.6 crore active lives as of September 30, 2023.
The table below summarizes the essential details about the scholarship program for quick reference.
Detailed Overview of Kotak Life Insurance Scholarship Program 2024-25
| Particulars | Details |
| Name of the Scholarship | Kotak Life Insurance Scholarship Program 2024-25 |
| Provider Name | Kotak Life Insurance Company Ltd. |
| Scholarship Type | Merit and means |
| Eligibility |
|
| Award | Up to INR 30,000 per year |
| Last Date to Apply* | September 15, 2024 |
| Application Mode | Online through Buddy4Study portal |
| Academic Session | 2024-2025 |
*The application deadline mentioned above is tentative and may change at the discretion of the scholarship provider.
Kotak Life Insurance Scholarship Program 2024-25 – Key Dates
Now, with this brief information, it is important to know some other details. But before referring to them, the candidates must keep track of the important dates of application to this scholarship program. The applications for the Kotak Life Insurance Scholarship Program 2024-25 are currently open. The last date to submit the application forms is September 15, 2024.
Kotak Life Insurance Scholarship Program 2024-25 – Eligibility
- Open to students who are residents of Tamil Nadu and Maharashtra.
- Applicants must be enrolled in the first year of a B.Com. program at any of the eight 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)
- Vysya Arts and Science College (Salem, Tamil Nadu)
- Dharmapuram Adhinam Arts College (Mayiladuthurai, Tamil Nadu)
- Applicants must have scored 65% marks or more in Classes 10 and 12.
- Applicants must have passed Class 12 in the year 2023–24.
- The applicant’s annual family income must be INR 3,60,000 or less.
Note: Children of employees of Kotak Mahindra Life Insurance Company Limited and Buddy4Study are not eligible to apply.
Kotak Life Insurance Scholarship Program 2024-25 – Award Details
Up to INR 30,000 per year for three years to cover the academic expenses.
Kotak Life Insurance Scholarship Program 2024-25 – Application Process
Eligible candidates can apply for the Kotak Life Insurance Scholarship Program 2024-25 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 2024-25’ 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.
Kotak Life Insurance Scholarship Program 2024-25 – Key Documents
The applicants are required to attach the following 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
Kotak Life Insurance Scholarship Program 2024-25 – Selection Process
The selection of scholars for the ‘Kotak Life Insurance Scholarship Program 2024-25’ 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 awarding of the scholarship will be at the discretion of Kotak Life Insurance Company Limited
Contact Details
In case one has any queries related to this scholarship program, its eligibility, the application process, award details, or the selection process, one is requested to connect through the email ID given below –
Email: info@buddy4study.com