The Insurance Sector Education and Training Authority (INSETA) plays a role in South Africa’s education and training field.
As an official Sector Education and Training Authority (SETA), INSETA is committed to developing critical and scarce skills within the insurance sector.
Through programs like the Insurance Sector Student Fund (ISSF) Bursary Scheme, INSETA ensures that students, graduates, and workers are equipped with the skills needed to thrive in a rapidly evolving economy.
INSETA Program 2025
INSETA’s mission centers on bridging the skills gap in the insurance sector by providing access to quality education and training opportunities.
The ISSF Bursary Scheme is a key initiative under this mission.
Funded by public and private entities, the program aims to empower students and professionals by upskilling, reskilling, and multi-skilling them across various disciplines within the insurance value chain.
By addressing financial barriers, the ISSF Bursary promotes growth in key professions such as actuary, compliance officer, software developer, and insurance claims administrator, among others.
This initiative not only enhances individual career prospects but also strengthens South Africa’s insurance sector by cultivating a well-trained workforce.
Key Details of the INSETA Bursary
The bursary covers:
- For Unemployed Students: Tuition fees, textbooks, accredited or registered accommodation, and technological devices such as laptops (if applicable).
- For Employed Students: Tuition fees and textbooks on a sliding scale.
Selection Criteria
Applicants are evaluated based on:
- Academic Merit: Consistent academic performance is prioritized.
- Financial Need: Applicants must demonstrate financial need or affordability challenges.
The application window for the 2025 academic year closed on 16 November 2024. New dates are not yet out.
Eligibility Requirements
To be considered for the INSETA Bursary, applicants must meet the following criteria:
- Applicants must hold South African citizenship.
- Completion of Matric is mandatory.
- Applicants must either be unemployed and aged 18 to 35 or employed individuals of any age.
- Preference is given to students pursuing qualifications in the insurance and related sectors.
- Applicants must not be receiving funding from any other bursary scheme.
How to Apply
Applications for the INSETA Bursary must be completed online.
After filling out the application form, applicants are required to upload a set of supporting documents.
Required Documents
- Certified copy of ID (not older than 3 months).
- Certified copy of Matric certificate.
- Recent academic record (on institution letterhead).
- Acceptance letter from a recognized institution.
- Proof of registration (if applicable).
- Tuition fee or course quotation (on institution letterhead).
- Completed ISSF POPIA Consent Form.
Additional requirements for employed and unemployed applicants:
- Employed Applicants:
- Completed ISSF Worker Agreement.
- Letter of employment.
- Unemployed Applicants:
- Completed ISSF Learner Agreement.
- Accommodation fee or course quotation (on institution letterhead).
- Parents or guardians’ certified ID copies or death certificates.
- Parents or guardians’ recent payslips or bank statements.
- Affidavit and SASSA letter if receiving a grant.
All documents must be clearly labeled in the format “Initials+Document Name” and submitted in a zipped folder.
Incomplete or incorrectly formatted submissions may lead to disqualification.
When asked how you heard about the bursary, include the reference: “www.bursariesmzansi.co.za” to ensure your application is linked to a verified source.
Contact Information
For inquiries regarding the INSETA Bursary, applicants can reach out directly to the bursary provider:
- Email: issfenquiries@inseta.org.za
Applicants are encouraged to use this channel for clarification on eligibility, application processes, or supporting documentation requirements.