Aviva NDB Higher Education Scholarship Awards were presented to the year five scholarship winners of 2004 who entered advanced level class this year.
Aviva NDB Higher Education Scholarship Awards were presented to the year five scholarship winners of 2004 who entered advanced level class this year. The chief guest at the occasion was Dr DB Nihalsingha, the renowned film director who made the keynote address to motivate and inspire the young students.
Aviva NDB Insurance grants a higher education scholarship to every student who tops the batch in all 25 districts in the year five scholarship examination. The students start receiving Rs 2,500 every month when they enter advanced level until they complete their university education – each receiving up to Rs 210,000 depending on the chosen degree.
The company grants a lump-sum of Rs 50,000 each to the students who do not enter university. The tie winners who get a lower aggregate at GCE ‘O’ Level and do not qualify to receive the monthly scholarship receive a lump sum of Rs 40,000.
The number of scholarships offered has grown to 425 with this newest batch to benefit from the higher education scholarship scheme. Managing director Shah Rouf said: “Awarding the higher education scholarship to students who excel at year five is one of our important corporate responsibility endeavours introduced with the objective of encouraging academic excellence among the nation’s most promising children.”
The fund of Rs 10 million set aside for this purpose when the scholarship scheme was launched in 1994 has now grown five-fold through prudent investment.
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About Aviva
Aviva is the world’s sixth largest* insurance group, serving over 53 million customers across Europe, North America and Asia Pacific. Aviva's main business activities are long-term savings, fund management and general insurance, with worldwide total sales of £47.1 billion and funds under management of £402 billion at 31 December 2010. Aviva is the largest insurance services provider in the UK and one of the leading providers of life and pensions products in Europe.
* based on gross worldwide premiums at 31 December 2009
About NDB Bank
NDB Group is one of the largest financial conglomerates in Sri Lanka, operating regionally in Maldives and Bangladesh. The group offers project finance, corporate banking, SME lending, retail banking, investment banking, stock broking, wealth management and insurance solutions under one roof.
NDB Bank has a AA (lka) rating by Fitch Ratings Lanka and is amongst the best in the industry reflecting the bank's strong financial profile in terms of its capital base, profitability and asset quality. NDB Bank is one of the highest capitalised private sector commercial banks in Sri Lanka.