The Kotak Life Insurance Scholarship Program 2024-25, launched by Kotak Mahindra Life Insurance Company Ltd., is designed to offer financial support to students in Tamil Nadu and Maharashtra. This scholarship specifically targets first-year B.Com. students enrolled at eight selected colleges within these states.
Through this initiative, eligible students can receive up to INR 30,000 annually to help them meet their academic expenses, ensuring they can continue their higher education without financial stress.
Kotak Mahindra Life Insurance Company Ltd., a wholly-owned subsidiary of Kotak Mahindra Bank, is recognized for its diverse range of insurance products that combine robust protection with long-term savings.
With a strong presence in 153 cities through 286 branches, Kotak Life has rapidly grown to become one of India’s leading insurance providers, serving over 4.6 crore active lives as of September 2023. The scholarship program reflects Kotak Life’s commitment to contributing to society by supporting the education of deserving students.
In this article, we will discuss all the details about this scholarship from, How to apply? to how to get this scholarship easily.
Kotak Life Insurance Scholarship Highlights
| Aspects | Details |
| Scholarship Name | Kotak Life Insurance Scholarship Program 2024-25 |
| Scholarship Level | Undergraduate (B.Com.) |
| Rewards | ₹30,000 per annum |
| Application Last Date | 31st August 2024 |
| Official Website | https://www.kotaklife.com/ |
About The Kotak Life insurance Scholarship 2024
The Kotak Life Insurance Scholarship 2024 is a key initiative by Kotak Mahindra Life Insurance Company Ltd. designed to support students in Tamil Nadu and Maharashtra. It provides up to ₹30,000 per year for first-year B.Com. students at eight designated colleges, easing their financial burdens and allowing them to focus on their studies.
This scholarship underscores Kotak Life’s commitment to social responsibility and educational empowerment. By aiding students from economically weaker backgrounds, it helps ensure that financial constraints do not hinder their academic and career aspirations.
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Eligibility Criteria
- Open to students residing in Tamil Nadu and Maharashtra.
- Applicants must be in the first year of a B.Com. program at one of the following eight designated colleges:
- 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 College, Salem, Tamil Nadu
- Dharmapuram Adhinam Arts College, Mayiladuthurai, Tamil Nadu
- Applicants must have achieved a minimum of 65% marks in both Class 10 and Class 12 exams.
- The applicant should have completed their Class 12 education during the 2023–24 academic year.
- The annual income of the applicant’s family must not exceed INR 3,60,000.
Required Documents
- Mark sheets and passing certificates of Class 10th and 12.
- Government-issued identity proof such as Aadhaar card, voter ID card, driving license, or PAN card.
- Proof of admission for the current year, such as a fee receipt or admission letter.
- Student ID card or a bonafide certificate from the college.
- Income proof including Form 16A, a certificate from a government authority, or recent salary slips.
- Bank account details of the applicant, which can be a bank passbook or a cancelled cheque.
- A recent passport-sized photograph of the applicant.
Kotak Life .com Login
To easily manage your Kotak Life Insurance Scholarship and policies, you can access the Kotak Life Insurance Scholarship Portal Login. Through this portal, users can view important details about their policies, make payments, and check scholarship updates.
- Go to the official website at https://www.kotaklife.com/.
- Find the “Login” button at the top right corner of the homepage.
- From the login options, choose “Customer Portal” for policyholders or “Partner/Advisor” for agents.
- Enter Credentials:
- Username: Use your registered mobile number or email.
- Password: Enter the password you set during registration.
- If you’ve forgotten your password, click “Forgot Password” and follow the steps to reset it.
- Once logged in, you can:
- View policy details.
- Pay premiums.
- Check claim status.
- Update personal information.
- Ensure you log out after completing your tasks for security reasons.
Application process for the Kotak Life insurance Scholarship
- Visit the official Kotak Life Insurance website: https://www.kotaklife.com/
- Navigate to the scholarship section and download the application form or access it through the designated scholarship portal.
- Fill the form with accurate personal and academic information.
- Ensure all required boxs are filled out correctly.
- Attach all collected documents with the completed application form.
- Submit the application either online through the Kotak Life Insurance website or by mailing it to the address provided in the application instructions.
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Kotak Life insurance Scholarship Last Date
The last date to apply for the Kotak Life Insurance Scholarship 2024 is 31st August 2024.
Kotak Life insurance Scholarship 2024 Amount
| Scholarship Amount | Up to ₹30,000 per year |
How to Check Your Kotak Life insurance Scholarship Application Status
- Visit the Official Website: Go to Kotak Life Insurance Official website https://www.kotaklife.com/.
- Navigate to the Scholarship Section: Find the section related to scholarships or student support.
- Log In: Use your application credentials to log in to the scholarship portal if required.
- Check Status: Look for an option to view or track your application status.
- Contact Support: If you encounter issues or need further assistance, use the contact details provided on the website to get in touch with the support team.
Quick Links
| Apply Now | Click Here |
| Home page | Click Here |
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FAQs
Who can apply for the Kotak Life Insurance Scholarship 2024-25?
- The scholarship is open to students who are residents of Tamil Nadu and Maharashtra, currently enrolled in the first year of a B.Com. program at one of the eight specified colleges.
Can students from other courses apply for this scholarship?
- No, this scholarship is specifically for students pursuing a Bachelor of Commerce (B.Com.) degree at the designated colleges.
Is there any renewal process for the scholarship in subsequent years?
- The details about scholarship renewal or continuation in subsequent years are not mentioned. It’s advisable to contact Kotak Life Insurance for more information.
What is the selection criteria are used to select the scholarship recipients?
- Selection is based on academic merit, financial need, and adherence to the eligibility criteria such as residency, course, and college requirements.
How will the scholarship amount be disbursed?
- The disbursement details, such as whether the amount is paid directly to the student’s bank account or through the college, are not specified. It’s recommended to confirm this with the Kotak Life Insurance team.