Eagle Insurance delivered its promise to the eighth batch of scholarship winners and commenced providing them with their Eagle Higher Education Scholarship benefits at a ceremony held at the Trans Asia Hotel on 6 October 2008.
- Set-up in 1994, the scholarship fund has now escalated to Rs39 million
Eagle Insurance delivered its promise to the eighth batch of scholarship winners and commenced providing them with their Eagle Higher Education Scholarship benefits at a ceremony held at the Trans Asia Hotel on 6 October 2008. The students who are now embarking on their Advanced Levels will enjoy the benefits of the scholarship until the completion of their university degree.
Since its inception in 1994, Eagle has consistently rewarded a total of 336 students who have benefited from this scheme and the first batch of scholarship winners commenced receiving their scholarship benefit in June 2001. The proud parents and relatives of the Eagle high-fliers were also among the list of special invitees.
The Eagle Higher Education Scholarship scheme was inaugurated in 1994. At the onset the continuity of this scheme was ensured with the setting-up of a Rs10 million trust-fund with Bank of Ceylon as trustee to the fund. This fund has now escalated to the value of Rs39 million under the management of Eagle NDB Fund Management Company, a subsidiary of Eagle Insurance.
The Eagle Higher Education Scholarships are awarded to the District winners purely on merit and being a policyholder of Eagle is not a requirement to obtain this scholarship. The students commence receiving the scholarship benefit of Rs1000 monthly, on entry into the Advanced Level class. This payment continues throughout their university career as well. This monthly sum adds up to a total of Rs60,000 to Rs84,000 per student depending on the duration of the chosen degree courses. Those students who choose not to enter university are given a lump sum of Rs25,000 as a career starter.
A unique feature of the Eagle scholarship awards is that, teachers and principals will not be forgotten and will also be included in this acknowledgment of excellence. Certificates of appreciation are awarded to the students' grade-five class teachers and principals for their contribution towards their students' achievements.
The Eagle Higher Education Scholarship Awards are a component of Eagle's comprehensive and award winning CSR initiatives. CSR is part of the value-system which the Ccmpany's corporate culture pivots on and is the Eagle way-of-life. It goes beyond business objectives to create a continuous impact on society. It is the driving-force behind all Eagle activities ensuring sincerity and absence of undue publicity vis-à-vis CSR expenditure, inspiring a value-system that uplifts the nation.
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For further information please call:
Nishi Gunawardena
Telephone: 2310078
E-mail: nishanthi.gunawardena@eagle.com.lk
Notes to editors:
Eagle is an Aviva company. Aviva is one of the world's oldest insurance groups, with a history dating back over 300 years to 1696. Today it is the world's fifth-largest insurance group and the biggest in the UK. The group has 57,000 employees serving 45 million customers worldwide with more than £359 billion of assets under management