WWW LICindia in Scholarship: India’s Life Insurance Corporation introduced the LIC Golden Jubilee Scholarship. The Life Insurance Corporation of India established the LIC Golden Jubilee Scholarship to aid students in need of financial assistance. Financial help will be granted to all students who are chosen for this program. Every student presently pursuing a post-graduate degree in engineering or medicine. To be eligible for the LIC Golden Jubilee Scholarship, an applicant must have passed their class 12 test. Students who meet the eligibility requirements can complete the application on the official website. The official website makes the application form easily accessible.
Also Read: 10th Pass Scholarship
Contents
Overview of LIC Golden Jubilee Scholarship
The Life Insurance Corporation of India established the LIC Golden Jubilee Scholarship in order to assist students in realizing their goals and advancing their careers in engineering and medicine. All of the chosen candidates will receive financial aid from the government under this award. The financial assistance awarded to medical students under the LIC Golden Jubilee scholarship would total INR 40,000. Additionally, financial help in the amount of INR 30,000 will be provided to students pursuing degrees in engineering. Three separate instalments will be used to provide the financial systems.
About LIC India
Established on September 1st, 1956, the Life Insurance Corporation of India is a prominent corporation in India. With total assets of INR 45.7 trillion, The Life Insurance Corporation is both the biggest institutional investor in India and the country’s largest insurance firm. On September 1, 1956, the Indian parliament passed the Life Insurance Act, which established the Life Insurance Corporation of India. The Life Insurance Act was passed, giving the life insurance industry in India legal standing. Subsequently, more than 245 insurance companies and provident societies amalgamated to form a unified and formidable corporation. Customers of Life Insurance Corporation of India continue to view it as reliable even after more than 60 years of service.
Short Details of LIC Golden Jubilee Scholarship
| Name of the scheme | LIC Golden Jubilee Scholarship |
| Launch by | Life Insurance Corporation of India |
| Objective | Provide financial assistance |
| Beneficiaries | Students of India |
| Official website | LIC Website |
Key Facts of LIC Golden Jubilee Scholarship 2024
- Regular scholars who are awarded scholarships under this program will receive Rs. 20,000 annually. Students will get this award in instalments every three months.
- Every year, a regular special girl child enrolling in a 10+2 degree will receive a scholarship worth Rs 10,000. Three equal instalments would be received as payment for the scholarship.
- The LIC Scholarship 2024 recipient’s bank account would receive the scholarship payment through NEFT. The recipient is the selected student.
- Therefore, in the event that a candidate from the economically disadvantaged category is chosen for the scholarship, bank account information and a copy of the voided check with the beneficiary’s name and IFSC code are required.
- Students nationwide have until December 18, 2024, to submit an online application for the LIC Golden Jubilee Scholarship.
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Conditions for availing LIC Golden Jubilee Scholarship
- At regular periods, LICGJF will assess the plan.
- The LIC Golden Jubilee Foundation shall set the specific process for handling and approving the scholarship applications.
- The agency may alter the scheme’s guidelines at any moment.
- If a student is awarded a scholarship after providing false information, the award will be revoked and the money will be reimbursed.
- Students who violate any of the terms and conditions will have their scholarships suspended or cancelled.
- The pupil needs to routinely attend class.
- This strategy’s benefits will only be available to one student per family.
- The student must complete at least 50% of the requirements in the arts, sciences, and commerce and at least 55% of the requirements in the professional stream.
- The selection of LIC Scholars will take into account both merit and family background.
- The least wealthy students will be given preference.
- Only pupils who received 60% or an equal grade in the previous final test and whose parents or guardians make ₹200000 or less annually overall will be eligible for this scheme’s benefits.
LIC Golden Jubilee Scholarship Rate and Duration
- The chosen student will receive ₹ 20,000 each year under this initiative, paid in three payments.
- For the chosen unique girl student enrolled in the 10+2 course, this plan will provide ₹ 10,000 per year in three instalments.
- The chosen student will get the scholarship funds under the LIC Golden Jubilee Scholarship Scheme into their account using NEFT.
- Entering bank account information is a must for all students.
- While Special Girl Scholars will receive funding for two years, all students will receive scholarships for the duration of the course.
LIC Golden Jubilee Scholarship Eligibility
- To be eligible for the scholarship, candidates must have earned a 60% grade in their 12th grade.
- Girls in their tenth grade who are continuing their studies can apply for the scholarship.
- Those who want to apply for the scholarship must provide a family income certificate, and their monthly family income cannot be more than Rs. 1,00000.
- Should candidates provide any fraudulent information, the award may be revoked.
- To be eligible for the award, applicants must have earned at least 60% in their 12th grade.
- Competition participants may only apply for the scholarship if they intend to continue their education.
- It is open to applicants who wish to study any diploma, ITI, undergraduate, graduate, or postgraduate program in any field at any private college.
- The Golden Jubilee Scholarship from LIC must be renewed.
- Programme modifications may be made at any time by the LIC Golden Jubilee Scholarship Foundation.
LIC Golden Jubilee Scholarship Documents
- Aadhar card
- identity card
- educational qualification document
- bank account passbook
- passport size photo
- mobile number
- income certificate
How to apply online under the LIC Golden Jubilee Scholarship?
Recipients who would like to apply for this scholarship programme should follow the steps listed below.
- The applicant must first visit the LIC Golden Jubilee Scholarship official website. When you visit the official website, the home page will appear.
- You can apply online for the LIC Golden Jubilee scholarship on this page; simply click on it.
- The application form will open after selecting the option. Complete the application form by entering all requested information, then click the submit button.
- You will need to upload your papers after submitting them. Your registered email will receive an acknowledgement number upon the successful submission of your application.
- The office listed in the acknowledgement email will handle any additional correspondence.
Also Read: NTSE Scholarship
FAQ’s
Q: What are the LIC Golden Jubilee Scholarship application fees?
Ans: Applying for the LIC Golden Jubilee Scholarship is free of charge.
Q: Exists a scholarship specifically designed for female students?
Ans: In fact, the LIC has launched the Special Girl Child Scholarship for female Indian students.
Q: Should I get in touch with you if I’m having problems applying for the LIC Golden Jubilee scholarship?
Ans: Call us at +91-22-68276827 if you need assistance applying for the LIC Golden Jubilee scholarship.
Q: To what extent will students pursuing a medical degree receive financial assistance?
Ans: Students who want to study medicine will receive INR 40,000 in financial aid each year.
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