Eagle Insurance will deliver its promise to the 6th batch of Scholarship winners and will commence providing them with their Eagle Higher Education Scholarship benefits at the ceremony to be held at Trans Asia Hotel on the 28th February 2007. The students who are now embarking on their Advanced Levels will enjoy the benefits of the scholarship until the completion of their university degree.

Since its inception in 1994, Eagle has consistently rewarded a total of 311 students who have benefited from this scheme and the first batch of Scholarship Winners commenced receiving their scholarship benefit in June 2001. The proud parents and relatives of the Eagle Highfliers will also be among the list of special invitees.

The Eagle Higher Education Scholarship scheme was inaugurated in 1994. At the onset the continuity of this scheme was ensured with the setting-up of a Rs.10 million trust-fund with Bank of Ceylon as trustee to the fund. This fund has now escalated to the value of Rs. 38 million under the management of Eagle NDB Fund Management Company, a subsidiary of Eagle Insurance.

The Eagle Higher Education Scholarships are awarded to the District winners purely on merit and being a policyholder of Eagle is not a requirement to obtain this scholarship. The students commence receiving the scholarship benefit of Rs. 1000/- monthly, on entry into the Advanced Level class. This payment continues throughout their university career as well. This monthly sum adds up to a total of Rs. 60,000/- to Rs. 84,000/- per student depending on the duration of the chosen degree courses. Those students who choose not to enter university are given a lump sum of Rs. 25,000/- as a career starter.

A unique feature of the Eagle scholarship awards is that, teachers and principals will not been forgotten and will also be included in this acknowledgment of excellence. Certificates of appreciation are awarded to the students' grade-five class teachers and principals for their contribution towards their students’ achievements.

The Eagle Higher Education Scholarship Awards are a component of Eagle’s comprehensive and award winning CSR initiatives. CSR is part of the value-system which the Company’s corporate culture pivots on and is the Eagle way-of-life. It goes beyond business objectives to create a continuous impact on society. It is the driving-force behind all Eagle activities ensuring sincerity and absence of undue publicity vis-à-vis CSR expenditure, inspiring a value-system that uplifts the nation.

Eagle was ranked as one of Sri Lanka’s “10 Best Corporate Citizens” for the third successive year and was awarded “Winner of the Customer Relations Category”, presented by the Ceylon Chamber of Commerce, Best Corporate Citizen Awards. In addition the company was ranked Asia’s number 1 for CSR in the industry by Asian Insurance Review, in light of Eagle’s policy of ‘CSR without fanfare’. Eagle was also recognized as Sri Lanka’s No. 1 in ‘Good Corporate Governance Disclosures’ by the Institute of Chartered Accountants of Sri Lanka at their 2006 Annual Report awards ceremony.

- 14 February 2007
For further information please call Nishi on Tel 2310078 or mail nishanthi.gunawardena@eagle.com.lk