Actuarial Science Scholarships in Malaysia

1) What is Actuarial Science?

Actuarial Science is the calculation of money-related risks through the use of probability, statistics and knowledge of business and economics. It is wide used by the insurance industry and financial institutions.

To be a certified actuary, you’ll need to further your studies by taking professional exams which could take between 6-10 years in total.

Besides that, studying Actuarial Science allows you to make real life applications with great impact. You’ll also be able to make a difference to the world through numbers and risk management.

2) What You Need To Know About Actuarial Science Scholarships

  • Many are offered by institutions and private companies
  • Most are merit-based with no interview required

3) List of Institutions & Scholarships for Actuarial Science

Here is a comprehensive list of all the available Actuarial Science scholarships offered by institutions, companies, GLCs and associations in Malaysia, and how you can apply for them.

Most Actuarial Science scholarships are offered by institutions. However, many insurance companies & financial institutes offer scholarships with a bond period which you’ll need to serve after you graduate. Besides that, applications deadlines are spread throughout the year so you have many to choose from depending on your study timeline.

Name of ScholarshipKey HighlightsDeadline
Sun-MAPCU Education Fund - Up to 100% tuition fee waiver
- Must be active in co-curricular activites
Always Open
Kuok Foundation Berhad Scholarship - Up to RM15,000 study grant per annum
- Interview required
31-Mar-17
Maybank Foundation Scholarship Award - Up to 100% tuition fee waiver
- Scholarship includes living allowances
- Willing to serve the Maybank for a specified period upon graduation
20-Mar-17
APU Merit Scholarship 2017 - Up to 100% tuition fee waiver
- First-come-first-served basis
10-May-17
INTI-Laureate Merit Scholarship - Up to 100% tuition fee waiver
- Merit scholarship with no interview required
Always Open
INTI Leadership X-cellence Scholarship - Up to 100% tuition fee waiver
- Must have strong record of leadership and participate in extra-curricular activities
- Student must show proof of financial need
- Interview required
Always Open
INTI Sports X-cellence Scholarship - Up to 100% tuition fee waiver
- Open to state or national players of any sport
- Interview required
Always Open
INTI Tertiary Scholarship - Up to RM12,000 tuition fee waiver per yearAlways Open
INTI Chairman Award - Up to 20% tuition fee waiver
- Only for Bumiputera Malaysians
Always Open
Sunway University College Jeffrey Cheah Entrance Scholarship (Degree) - Up to RM11,000 tuition fee waiver a year2 weeks after the commencement date of programme
Sunway University College Jeffrey Cheah Continuing Scholarship - Up to RM16,000 tuition fee waiver a year
- Offered to Sunway students progressing to undergraduate programmes in Sunway University
2 weeks after the commencement date of programme
The Chancellors Scholarship of Sunway University & Lancaster University - Up to 100% tuition fee waiver
- Includes a 2 weeks visit to Lancaster Universty, UK
1-Aug-17
Sunway University Sunway Excellence Scholarship - Up to 100% tuition fee waiver28-Feb-17
01-Aug-17
Sunway University Jeffrey Cheah Foundation Scholarship - Up to 100% tuition fee waiver
- Includes general fees as well (except refundable deposit)
31-Mar-17
Sunway University Sports Scholarship - Up to 100% tuition fee waiver
- Interview required
28-Feb-17
31-May-17
29-Sep-17
Sunway Music Talent Scholarship - Must have background in music (Minimum Grade 6 or played in school band)
- Must submit video clip
- Audition required
28-Feb-2017
31-May-2017
29-Sep-2017
Sunway University CIS-ECA Scholarship - Up to RM20,000 tuition fee waiver
- Open to UEC candidates in 2016
- Obtain excellent results in the Senior Middle III (UEC)
Always Open
Heriot-Watt University Malaysia Undergraduate High Achiever's Scholarship (HAS) - Minimum AAB at A-Level / STPM or ATAR 85
- Up to 35% tuition fee waiver
- Merit scholarship with no interview required
Always Open
Heriot-Watt University Malaysia Family Discount - For students who have parents and siblings who are alumni of Heriot-Watt University
- 10% tuition fee waiver
Always Open
UTAR Scholarships for Top Achievers - Minimum of 7As & above for SPM
- Up to 100% tuition fee waiver
- Merit scholarship with no interview required
Always Open
UTAR Sport & Talent Scholarship - For students with proven track record in Sports, Music, Art, Theatre and Writing2 weeks after the start of the semester
UTAR Tan Sri Dr Lim Goh Tong Scholarship - Minimum of 4As for A-Level / STPM or 5As for Australian Matriculation
- For students with financial needs only
Always Open
UCSI Tan Sri Ahmad Razali Merit Scholarship Award - Open to students who participate actively in extracurricular activities and have received outstanding recognition due to notable achievement
- Up to 100% tuition fee waiver
5-Aug-17
UCSI University Trust Scholarship - Up to 100% tuition fee waiver
- For new intake students only
- Merit scholarship with no interview required
5-Aug-17
UCSI University Trust Sports Bursary - Up to 100% tuition fee waiver
- For state or national athletes only
26-Aug-17
The Star Education Fund 2017- Must excel in extra-curricular activities
- Open to students below the age of 25
30-Mar-17
Petronas Education Sponsorship Programme- Open to students who want to pursue their studies at Universiti Teknologi Petronas or overseas
- Open to students with strong leadership skills and active in extra-curricular activities
22-Mar-17
Yayasan Sime Darby Pre-University Scholarship - Up to 100% tuition fee waiver
- Students are bonded to the organisation upon graduation
31-Mar-17
Bank Negara Malaysia Kijang Scholarships - Open to straight A+ SPM students only22-Mar-17
Khazanah Global Scholarship Programme - Minimum of 8As in SPM
- Interview required
- Students will be bonded upon graduation
31-Mar-17
MNRB Holdings Scholarship - Up to RM10,000 tuition fee waiver
- Interview required
- Students will be bonded to the organisation upon graduation
17-Jan-17
Yayasan Bank Rakyat Scholarship - Open to underprivileged Malaysians only
- Up to 100% tuition fee waiver
1-May-17
Astro 2017 Scholarship Award - Willing to serve the Astro Group for a specified period upon graduation
3-May-17
Great Eastern Supremacy Scholarship Award 2017 - Up to RM25,000 tuition fee waiver per year
- Willing to serve the Great Eastern Group for a specified period upon graduation
31-Mar-17

Interested in Actuarial Science but not too sure on how it works? Check out our comprehensive guide to studying Actuarial Science in Malaysia!