CIC Insurance Group has announced its commitment to continue supporting needy and underprivileged students with a cooperative background to pursue their career dreams through access to quality education. The insurance company has committed Kshs. 5 million shillings to help 88 children pursue secondary education this year.
Speaking at a cheque handover event at Alliance High School, the Managing Director, CIC Life Assurance Ltd, Mr Meshack Miyogo reiterated that the funding enables successful applicants to access a four-year scholarship.
“Through this scholarship program, we empower the needy in society through our financial support. This annual initiative is our contribution towards helping needy students access quality education for their prosperity and that of the society.
Through its regional representation in various parts of the country, CIC Foundation collaborates with key stakeholders in identifying needy students with a cooperative background to be enrolled in the scholarship program. Additionally, the foundation supports the students throughout the four years in high school.
Working with the Group’s Regional Managers, CIC Foundation ensures the students are mentored in terms of professional and leadership skills whereby the students are prepared to pursue their chosen careers to add value to the society. So far, over 90% of the beneficiaries have transitioned to universities and tertiary institutions.
Since its inception in 2016, the foundation has supported a total of 155 beneficiaries with a further 22 new entrants in 2024. So far, CIC Group Plc has spent over Kshs. 40 million into the program.