Education

We started the AIA Higher Education Scholarship as far back as 1994. The students who top the batch in each of the 25 districts in the Year 5 government scholarship examination benefit from the scholarships granted by AIA Insurance when they enter Advanced Level class. They receive a monthly bursary right up to the completion of their university degree. If they opt not to enter university, AIA gives them a lump sum as a life-starter.The Company started a trust fund of Rs. 10 million to ensure the continuity of the scholarship. This fund has now grown more than seven-fold through prudent investment. 

The 30 year war in Sri Lanka affected many schools in the Northern Province. Although the war ended in 2009 rebuilding the schools is still in progress. AIA has built classrooms to three war-torn schools. In 2012, we built 5 classrooms and gave books for the library to Vasivilan Navothya School in Jaffna. The school has 1100 students. Another school that was seriously damaged was Mullivaikkal West Government Tamil Medium School (GTMS) in Mullaitivu. The school has more than 250 students. AIA Insurance built a school building with five class rooms and gave a mini computer training centre to revitalize the education of the students in 2014. In 2015 AIA provided a new building of 5 classrooms to Kokkadicholai Ramakrishnam Maha Vidyalam in Batticaloa. The school has 758 students.

The Scholarship for Excellence in Insurance Studies was launched in 2009 for students who excel in insurance studies at the Wayamba University, which is the only local university that offers a Degree in Insurance and Valuation in Sri Lanka. The student with the most outstanding academic performance in the Department of Insurance and Valuation is selected by the University to be awarded the AIA scholarship. The student selected receives a monthly allowance for a period of 10 months during the final year of study and a six-month career guidance training opportunity at the company on completion of the degree programme.

Taking another giant stride towards developing a Team who are above the industry standards in professionalism and expertise, AIA Insurance launched a Diploma course for AIA Wealth Planners for the first time in Sri Lanka.