Kotak Life Insurance Scholarship Program 2023-24

Follow this page to get timely alerts on
  • Latest announcement about this scholarship
  • Updates on scholarship deadline extension
  • Notification of scholarship result declaration
Add appropriate tags

About the Program


Kotak Life Insurance Scholarship Program 2023-24 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 B.Com. course at 6 specified colleges will receive a scholarship of up to ₹30,000 per year to pay off their academic expenses.

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. 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 on 30 September, 2023.


Source: Kotak Mahindra Life Insurance Company Ltd.

  • Kotak Life Insurance Scholarship Program 2023-24
    • 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 ₹4 lakh or less.


    Up to ₹30,000 per year for 3 years to cover the academic expenses.

    • 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

    How can you apply?
    • Click the ‘Apply Now’ button below.

    • 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.


In case of any queries, please reach out to: 

Frequently Asked Questions
  • What is the selection process for this scholarship program?

    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


  • Will I get this scholarship for subsequent years of studies?

    Yes! Students will receive the scholarship subsequently for 3 years. The continuation of scholarship in subsequent years will be subject to the student clearing the previous year’s academic exam.


  • Can students from pan India apply for the scholarship program?

    No! Only students who are residents of Tamil Nadu and Maharashtra are eligible for the scholarship.

  • If I get selected for this program, how will I receive the scholarship amount?

    The scholarship amount will be transferred directly to the respective colleges. 

  • I am currently studying for a regular B.Com. course. Can I apply for this scholarship?

    No. You cannot apply for this scholarship program as it is only open for students studying in the first-year of B.Com. program at 6 specified colleges.

Featured Scholarships

Education Loan


All the information provided here is for reference purpose only. While we strive to list all scholarships for benefit of students, Buddy4Study does not guarantee the accuracy of the data published here. For official information, please refer to the official website. read more