The Kotak Life Insurance Scholarship Program is a special program for candidates who belong to financially disadvantaged backgrounds. This scholarship aims to provide quality education to the candidates by providing financial grants to the students. It ensures that no one, despite financial constraints, should be barred from pursuing their education. By focusing on students enrolled in the first year of a B.Com course, the program provides a targeted and meaningful intervention at a critical stage of their academic journey. The Kotak Life Insurance Scholarship Program is not just a scholarship program but a ray of hope for the students who are not so privileged in terms of their financial backgrounds, and thus helps to provide a source of motivation to continue their studies. The scholarship amount will be transferred to the bank account of the candidate or to the family to ensure no person is in the middle to disrupt the efficiency of the process. The application form of the candidate is also very thoroughly screened to ensure that the correct candidate gets to have the benefit of the scholarship amount.
Benefits of the Scholarship
The Kotak Life Insurance Scholarship Program assists the students by providing money of ₹36,000 per year for a maximum duration of three years. This scholarship amount could be used for:
- Tuition Fees: Covering the cost of college tuition which is one of the biggest hurdles.
- Books and Study Materials: Buying the study material, books, and notes to enhance the quality of studies.
- Other Educational Costs: The scholarship amount can also be used for other expenses by the candidate, like transportation costs and other day-to-day expenses.
Eligibility Criteria:
A candidate should meet the following criteria to be eligible for the scholarship:
- Residency: The Kotak Life Insurance Scholarship Program is meant for students who are residents of Tamil Nadu or Maharashtra.
- Academic Pursuits: The applying candidate must be enrolled in the first year of a Bachelor of Commerce (B.Com) program at a designated college.
- Academic Performance: The applicant should be meritorious in their field and should have secured a minimum of 60% marks in both their Class 10 and Class 12 board examinations.
- Financial Need: It is essential for the applicant that the annual family income must not exceed ₹3,60,000.
- One-Year Gap: A one-year gap in studies will be considered, providing a degree of flexibility for students who may have faced circumstances preventing them from enrolling immediately after their Class 12 exams.
- Exclusion Clause: Children of employees of Kotak Mahindra Life Insurance Company Ltd. are not eligible to apply.
It is important to mention that the scholarship is valid and applicable to students from a list of specified colleges, so for that purpose, the candidates are advised to check if their institution is on that list or not.
Step-by-step procedure of Application:
Candidates need to follow the steps below to apply for the scholarship:
- Official Portal: It is advised that the candidate should visit the official website for the application process and avoid any third-party links.
- Registration: The candidate needs to register himself using his email and mobile number.
- Access Application Form: Once you have correctly filled in the details, the candidate needs to go to the “Kotak Life Insurance Scholarship Program 2025-2026” application page.
- Start Application: Carefully fill in the application form using all the details that are needed.
- Fill in Details: Carefully and accurately fill in all the required personal, academic, and financial details.
- Upload Documents: Candidates need to upload the scanned copies of all the required documents mentioned on the application form.
- Preview and Submit: After careful review and observation, the candidate needs to click on the submit button and keep a printout of it for future reference.
Documents Required
The following documents should be kept ready:
- Academic Proof: Class 10 and Class 12 mark sheets.
- Identity Proof: A valid government-issued identity proof, such as an Aadhaar card or, Voter ID, is essential.
- Admission Proof: A proof of your current admission to the B.Com program is mandatory.
- Student ID: A valid student ID card and a bona fide certificate issued by your college.
- Income Proof: Documents to prove the income of your family are also essential.
- Bank Details: Bank account details of the applicant or their family to transfer the scholarship amount.
- Photograph: A recent passport-sized photograph of the candidate is essential.
- Fee Structure: The college fee structure or an undertaking stating the total course fee.
Selection Procedure
It is a multi-tier process including:
- Initial Shortlisting: Applications are first shortlisted based on the eligibility criteria mentioned.
- Document Verification: The documents uploaded by the shortlisted candidates are thoroughly verified.
- Interview: A telephonic interview is conducted for the shortlisted candidates.
- Final Selection: The final selection of scholars is made based on application, academic performance, and interview results.
Conclusion
The Kotak Life Insurance Scholarship Program 2025-2026 is a financial initiative for candidates who belong to the economically marginalised sections. The candidates who are in the first year of their B.Com degree are eligible to apply. The Kotak Life Insurance Scholarship Program works on the philosophy that by investing in the education of the nation’s candidates, they are contributing to the nation’s future.
