Sasria SOC Ltd

About Sasria SOC Ltd

Sasria SOC Ltd is South Africa's state-owned specialist insurer. It provides cover for special risks such as riot, strike, civil commotion, malicious damage and public disorder. Standard commercial policies usually exclude these risks. The government owns Sasria through National Treasury, and the company serves individuals, businesses and government bodies across the country.

Because it carries the risk of unrest on behalf of the state, Sasria plays a quiet but important role in the economy. After large events of civil unrest, businesses depend on it to rebuild. That work needs skilled people in underwriting, claims, finance and technology.

How Sasria supports students

Sasria runs a corporate social investment programme that includes an annual bursary. The scheme backs students from financially disadvantaged backgrounds who want to study in fields linked to insurance and financial services. As a state-owned company, Sasria also uses the bursary to advance its transformation and skills-development goals.

Recent calls focused on full-time undergraduate degrees at recognised South African universities and universities of technology. Fields included insurance and risk management, mathematics and statistics, finance, accounting and economics, and computer science or information technology.

Recent adverts also set out clear entry rules. Applicants needed to be South African citizens who had just finished Grade 12. They needed a matric average of at least 70%, with Mathematics rather than Mathematical Literacy. A household income below R600,000 a year applied. Applicants could not be related to a current Sasria employee. Age limits were also set for school leavers. Treat these rules as a guide, because Sasria can change them from one intake to the next.

What to know before applying

Sasria usually opens bursary applications early in the calendar year. The intake follows the academic year. However, the exact opening and closing dates change every year, so check the Sasria website for the current cycle before you plan.

Prepare your documents early. Typical requests include a certified copy of your ID, a certified copy of your matric results and proof of household income, such as a recent payslip or an affidavit if a parent is unemployed. Apply well before the closing date, because late or incomplete forms usually fall out of the process.

Whether the bursary carries a work-back period is not confirmed here. Read the terms in your offer letter, and ask Sasria directly if anything is unclear.

Insurance is a career path that many students overlook. Yet it offers roles in actuarial work, risk analysis, claims, data science and information technology. A Sasria bursary can introduce you to this sector early. Remember, however, that most bursaries expect steady academic progress, so check the renewal conditions in your offer.