Does Discovery offer bursaries only for actuarial science?

No. Discovery also funds students in data science, statistics, computer science, finance, and health sciences, reflecting the diverse talent needs of its growing business.

What maths mark do I need to apply for the actuarial bursary?

Discovery typically expects 85% or above in Mathematics at Grade 12 level for actuarial science applicants, given the highly competitive nature of this field.

Will Discovery help me pay for my actuarial board exams?

Yes. Discovery assists actuarial bursars with the cost of the professional actuarial examinations, which are a significant expense for actuarial science students.

Can I work at Discovery internationally after my studies?

Yes. Discovery has operations in the UK, USA, China, and other markets. High-performing graduates are sometimes offered international rotation opportunities.

How long does the application and selection process take?

The full process from application to final offer typically takes 6-10 weeks, including shortlisting, assessments, and interviews.

Last updated: June 2026— Information is subject to change. Always verify with the relevant government department.

Discovery Bursary 2026: Full Application Guide

Discovery Limited, South Africa's leading health insurer and one of the world's most innovative insurance groups, offers a prestigious bursary programme for students studying actuarial science, data science, health sciences, and related disciplines. The Discovery Bursary provides full financial support and integrates bursars into one of South Africa's most dynamic and purpose-driven financial services companies. Applications open annually in August.

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About the Discovery Limited Bursary

Discovery Limited was founded in 1992 by Adrian Gore and has grown from a niche health insurance provider into a global financial services and technology group with operations in South Africa, the UK, the USA, China, and other markets. Discovery's Shared-Value Insurance model, which incentivises healthy behaviour through its Vitality programme, is used by over 40 million members worldwide. Discovery's need for actuarial and data talent is immense. The company's business models are built on complex risk pricing and behavioural analytics, making actuaries and data scientists absolutely central to its operations. Discovery has long been one of the most sought-after employers for actuarial graduates in South Africa, and the bursary programme is how it identifies top talent early. Bursars at Discovery are mentored by some of South Africa's most accomplished actuaries and data scientists, and they gain exposure to real business problems during vacation work placements. Discovery's culture of innovation and purpose means that bursars are not just learning technical skills but also developing the mindset to make a positive impact through their work.

What the Bursary Covers

Full tuition fees
Registration and examination fees
Actuarial board exam fees (for actuarial bursars)
Textbooks and study materials
Accommodation allowance
Monthly living stipend
Paid vacation work at Discovery
Professional mentoring and career coaching

Eligibility Requirements

Citizenship: South African citizen or permanent resident
Study level: Undergraduate degree at an accredited South African university
Fields of study: Actuarial Science, Statistics, Mathematics, Data Science, Computer Science, Finance / Financial Mathematics, Health Sciences / Health Administration, Economics, Biostatistics
Academic average: Minimum 75% overall in Grade 12, with 85% or above in Mathematics for actuarial science applicants
Financial need: Financial need is a factor in selection, though merit is the primary criterion given the highly competitive nature of the programme
Work-back obligation: One year of employment at Discovery per year of bursary funding received

When to Apply

Applications open in August and close in October. Discovery aims to notify successful applicants by November.

How to Apply — Step by Step

Visit discovery.co.za and navigate to the Careers section to find the bursary programme.
Register on the Discovery online recruitment portal and complete the bursary application form.
Write a motivational letter that reflects on your passion for your field of study and why you want to work at Discovery.
Attach all certified supporting documents.
Submit your application before the October closing date.
Shortlisted candidates will be invited to complete psychometric assessments and attend an interview with the Discovery bursary selection panel.

Documents Required

Certified copy of South African ID
Certified Grade 12 results or certificate
Tertiary academic transcript (if currently enrolled)
Proof of university acceptance or registration
Motivational letter
CV
Proof of household income or financial circumstances
Reference letters from a teacher or lecturer

Tips and Additional Information

Discovery is widely regarded as one of South Africa's top employers for actuarial science graduates. The company's unique business model means that actuaries at Discovery work on some of the most complex and intellectually stimulating problems in the global insurance industry. Bursars who join Discovery often have the opportunity to work internationally as Discovery continues to expand its operations in the UK (VitalityLife and VitalityHealth), the USA (John Hancock Vitality), and China.

Contact Details

Official website: https://www.discovery.co.za/corporate/bursaries
Email: bursaries@discovery.co.za
Discovery is based at Discovery Place, Sandton, Johannesburg. Virtual interviews are commonly used in the selection process.

Frequently Asked Questions

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