Kotak Life Insurance Scholarship Program 2024-25 – Scholarship for Aspiring Minds

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.

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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                
  • 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.
Award Up to INR 30,000 per year
Last Date to Apply* July 31, 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. 

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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 July 31, 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:

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  • 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

Disclaimer

  1. Source of Information: Buddy4Study app compiles details on scholarships/fellowships from government websites and private scholarship sources. Links to the official sources accompany each listing detail pages.
  2. Non-affiliation: The Buddy4Study app is not associated with any government entity in India or elsewhere. When featuring government scholarships, we rely on publicly accessible information from central and state government websites in India.

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