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INSETA Bursaries
ASSA, in partnership with INSETA, is offering eligible ASSA student members a bursary towards qualifying actuarial education activities undertaken during the academic year.
Unlike funding that only looks ahead to future study costs, the ASSA INSETA Bursary initiative covers qualifying education costs you have already incurred in the applicable year.
If you still have an outstanding balance, the funding can go towards what you owe. If your ASSA account is already settled, the funding can remain as a credit towards future ASSA education costs, subject to the applicable terms and conditions.
Whether you’ve paid in full, paid partly, or still have an outstanding balance, find out how the support works and whether you qualify.
2026 INSETA bursary amount: up to R15 000
2026 INSETA bursary applications closing date: 02 December 2026
Which Bursary Programme should I Apply for?
INSETA has 2 programmes under which you can apply for bursary funding. Make sure you apply for the correct programme.
INSETA Worker Programme
For all students permanently employed by an employer registered with INSETA. Employers registered with other SETA’s are not considered.
INSETA Unemployed Youth Programme
For all South African Students who are under the age of 35 and currently unemployed.
Contact: inseta@actuarialsociety.org.za
Who Can Apply?
Worker Programme
- Active ASSA members in good standing who reside in South Africa. Foreign nationals in SA may also apply.
- Applicants must be permanently employed by an organisation registered with INSETA.
- Your employer must not have claimed or applied for funding towards your actuarial education costs through another INSETA programme for the same academic year.
- You must demonstrate commitment to your studies and submit complete, accurate documents by the communicated deadline.
- If you previously participated in an INSETA-funded programme without progressing your actuarial education through ASSA, you must provide valid grounds for consideration.
Unemployed Programme
- Active ASSA members in good standing who reside in South Africa. Applicant must be a South African citizen.
- Must be unemployed.
- Must be under the age of 35 years.
- You must demonstrate commitment to your studies and submit complete, accurate documents by the communicated deadline.
- If you previously participated in an INSETA-funded programme without progressing your actuarial education through ASSA, you must provide valid grounds for consideration.
What Costs are Covered?
- ASSA examination entry fees.
- Eligible ASSA education support activities, including tuition, short courses, examination counselling, content practice and mock examinations.
- Normative and professionalism courses required for ASSA designations.
- NB! Exemption fees are not covered.
How Much Support is Available?
- Support of up to R15,000 for the 2026 academic year, subject to INSETA approval and the applicable allocation.
- Applying does not guarantee funding or the maximum amount.
- Funding is limited. If applications exceed available funding, allocation criteria may include the date of application.
How is Support Provided?
- Approved funding is credited to your ASSA member account.
- The credit may reduce outstanding student debt or remain available towards future ASSA education costs if account is settled.
- Funding is not paid into a personal bank account.
- The terms provide for a limited employer refund arrangement involving more than five students, subject to member consent and a formally authorised employer request.
- Credits depend on ASSA receiving the funds from INSETA. The stated aim is provisional credit in the first quarter following the relevant academic year, with full settlement by March, subject to receipt of funding.
Application Process
Applications for INSETA Bursaries are submitted through the ASSA Member Site. Students will also have to ensure they submit the relevant documentation and forms on time. Certified documents must not be older than 3 month at time of application. Refer to the relevant T&C’s for more information.
Annual application window will be communicated by ASSA. No late applications will be considered.
What Do You Need To Submit?
- An application through the ASSA Member Site during the communicated application window.
- A certified copy of your ID or valid passport, certified within three months of submission and meeting the submission pack’s requirements.
- Worker Programme only – An employment confirmation letter on company letterhead, dated within three months of submission, signed by an HR representative and including your employer’s SDL number.
- Worker Programme only – A signed INSETA Worker Programme Student Agreement.
- Unemployed Programme only – Certified copy of University transcript on a institutional letterhead not older than three months.
- Unemployed Programme only – A signed INSETA Unemployed Youth programme Agreement.
Note: Late, incomplete or invalid applications will not be considered.
Note: Applications close on 02 December 2026
What is Expected from the Recipient?
- Meet the participation and completion requirements for the education activities being supported.
- For examinations, sit the examination and receive a graded result; withheld, unissued or disqualified results do not constitute a valid attempt. Near-pass results require attendance at examination counselling.
- Meet the relevant attendance and participation requirements for tuition and professionalism courses, and obtain graded results for content practice or mock examinations.
- Provide evidence of academic progress when requested and respond promptly to funding-related queries.
- Comply with the relevant INSETA Student Agreement, ASSA’s member code of conduct and examination rules.
- If you change employment, continued funding depends on your new employer being registered with INSETA.
- Funding may be withdrawn and credited amounts recovered if the conditions are breached or information supplied is false or misleading.
