The MNRB Scholarship Fund was established by MNRB Holdings Berhad in 1 April 1998 with an objective to assist in the development of the nation’s insurance and takaful industries by enabling promising students to have access to quality education in order to produce quality insurance and takaful professionals for the long term development of the Malaysian insurance and takaful industries.

Since then the Fund has awarded more than 505 bright Malaysians from all races to pursue full-time studies in Actuarial Science, Risk Management and Insurance at local universities. The Fund, in collaboration with the Malaysian Insurance Institute (MII), also awards scholarships to employees of the local insurance industry to pursue part-time studies for the Associateship of the Malaysian Insurance Institute (AMII) Level 1 and the Associateship of the Malaysian Insurance Institute (AMII) Level 2 certifications at MII.

Board of Trustees

Datuk Johar Che Mat
Chairman of MNRB Holdings Berhad
Antony Fook Weng Lee
Shalini Pavithran
Chief Executive Officer of MII The Malaysian Insurance Institute
2021 Scholarship Awards

Minimum Requirements:


Age 23 and below

SPM / Trial SPM

Minimum 6As, including English, Mathematics & Science; or

(Candidates with TRIAL SPM RESULTS meeting the above criteria are encouraged to apply. Selected candidates will be offered a provisional scholarship subject to the variance between the actual results and the trial results being within an acceptable range.)


At least a CGPA of 3.50 and pass the General Studies; or

Matriculation / Foundation / Diploma / Degree

At least a CGPA of 3.50

English Essay

Must submit a HANDWRITTEN English essay of 500 WORDS on reasons for applying for the scholarship, benefit from the course of study including education & career plans.

Additional Criteria

Applicants must successfully gain entry into a recognized local public institution of higher learning to pursue the courses of study offered by the Fund.

Preference will be given to those active in co-curriculum activities.

Must not be a recipient of a scholarship/loan/financial assistance from any other organizations or bodies.


Fields of Study:

  • Information Technology
  • Accounting
  • Insurance
  • Actuarial Science


How to Apply:



Contact Persons:

T: 03–2096 7160   (Puan Jannah)
    03–2096 7050   (Puan Idora)


Closing Date:
11 January 2021



Frequently Asked Questions
Q1: What are the programmes offered for the 2021 Scholarship Intake?

A: Full time studies in local public higher institution of learning or Institusi Pengajian Tinggi Awam (IPTA) pursuing Matriculation / Foundation, Diploma and First Degree in Information Technology, Accounting, Insurance and Actuarial Science.

Q2: What are the requirements to apply for the scholarship?
  • Age 23 years old and below, at the time of application
  • Candidates must have obtained at least 6As inclusive of English, Mathematics, and Science in the Sijil Pelajaran Malaysia (SPM) examination or Trial SPM examination; or
  • Obtained a Cumulative Grade Point Average (CGPA) of at least 3.50 and pass the General Studies in the Sijil Tinggi Pelajaran Malaysia (STPM) examination; or
  • Obtained a CGPA of at least 3.50 for Matriculation, Foundation, Diploma or First Degree.
Q3: I have not received the actual results. Can I still apply using my SPM trial results?

A: Yes, you are encouraged to apply using your trial results, provided your trial results are in accordance with the criteria as mentioned above in Q3.

Q4: What if I am awarded the scholarship offer based on my trial results, but the actual results could not meet the minimum criteria set in Q3?

A: If the candidate is successful in the interview based on the trial results, a provisional scholarship offer shall be given. Should the actual results not fall within an acceptable range with the trial results or has not met the minimum criteria set in Q3, the provisional offer would then be revoked.

Q5: What if I was given the scholarship to pursue the course that was agreed upon during the interview, but subsequently the university offered me a different course?

A: If the course offered to you is still within the field of studies appearing in the advertisement, your scholarship will not be revoked.

Q6: Is there any specific local public universities that the Fund would consider when awarding scholarships?

A: Any IPTA would be accepted, however the course must be approved by Agensi Kelayakan Malaysia or The Malaysian Qualifications Agency (MQA).

Q7: Must the candidate entrance into a recognized local public institute before he/she can apply for the scholarship?

A: No. You can still apply for the scholarship even if you have not been enrolled in any institutions. However, the scholarship will only be disbursed to scholars upon successfully gaining entry into the approved programmes.

Q8: Would I be informed if I were not being called for interview?

A: Due to overwhelming response, only candidates will receive an invitation via post and email to attend an interview.

Q9: How can we get the application forms?


Q10: Is there a bond attached to the scholarship?

A:  Yes. There is a bond where the scholar is required to serve a stipulated Period of Compulsory Service with the Company or any of its subsidiaries or any other organizations as directed by the Board of Trustees.

Q11: How long is the bonding period?

A: The length of the Period of Compulsory Service shall depend on the amount of scholarship expanded on the scholar during the course of his/her studies. Such period shall not be less than 2 years and not more than 6 years.

Q12: What if the candidate decides not to serve the bonding period?

A: The scholar and/or their Sureties (guarantors) would then be required to reimburse the amount of scholarship expanded during the course of studies to the Fund.

Q13: How many Sureties are needed under the Scholarship Agreement?

A: 2 Sureties are required and they must comply with the following requirements:

  • Malaysian citizen residing permanently in Malaysia;
  • Not a guarantor to any other parties;
  • Never declared a bankrupt;
  • Not exceeding 45 years age & healthy;
  • Income of at least RM3,000 and above;
  • One of the Sureties must be an immediate or extended family member.
Q14: Could I write the essay in Bahasa Malaysia?

A: No. It has to be a handwritten essay in English

Q15: When and where would the interview be held?

A: Interviews are usually held around end February or early March each year at Bangunan Malaysian Re, Lorong Dungun, Damansara Heights, Kuala Lumpur. However, due to current pandemic situation, interview for 2021 will be done virtually via Microsoft Teams or Skype.

Q16: When would I be able to know the results of the interview?

A: By April each year.