LIC Golden Jubilee Scholarship 2023: How To Apply, Selection Process And More!

LIC, short for Life Insurance Corporation of India, is the largest insurance company in India and one of the largest life insurance companies in the world. Established in 1956, LIC has been a pioneer in the insurance sector and has played a crucial role in promoting life insurance and financial security in the country.

With a wide range of insurance products and services, LIC caters to the diverse needs of its customers, including life insurance, pension plans, investment-linked plans, and health insurance. LIC’s strong presence and extensive network of branches and agents make it easily accessible to individuals across India. Over the years, LIC has earned the trust of millions of policyholders by providing reliable and customer-centric services, and it continues to be a symbol of financial protection and stability for individuals and families in India.

LIC Golden Jubilee Scholarship 2023

The Life Insurance Corporation of India (LIC) has taken a commendable initiative by establishing the Golden Jubilee Scholarship. This scholarship program aims to assist individuals from economically weaker backgrounds who face obstacles in continuing their education due to various circumstances. To seize this opportunity, applicants can conveniently apply by visiting the official website of LIC and accessing the application form provided there.

However, it is crucial to ensure the inclusion of essential documents along with the completed application form to meet the eligibility criteria for this prestigious scholarship scheme. By offering this scholarship, LIC is playing an instrumental role in empowering individuals to pursue their educational aspirations and creating a brighter future for themselves.

Name Of ScholarshipLIC Golden Jubilee Scholarship 2023
Launched byLife Insurance Corporation of India
ObjectivesTo Provide Scholarship
Start Date Of ApplicationFirst Week Of December 2023
Last Date Of ApplicationLast Week Of December 2023
Official SiteClick Here

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Objectives Of LIC Golden Jubilee Scholarship

The LIC Golden Jubilee Scholarship has been designed with specific objectives in mind. Firstly, the scheme aims to assist students hailing from economically weaker families by offering them improved opportunities to kick-start their careers and enhance their skills. By providing financial support, the scheme strives to uplift the financially disadvantaged sections of society and help them secure employment opportunities. Secondly, the scholarship program aims to facilitate access to better higher education opportunities for deserving students.

The scholarships will be awarded to meritorious students across various institutions and universities throughout India, acknowledging their exceptional academic performance. Additionally, the scheme extends its coverage to technical and vocational courses offered at Industrial Training Institutes and Industrial Training Centres affiliated with the National Council for Vocational Training. By encompassing education at the graduation level, the LIC Golden Jubilee Scholarship seeks to foster holistic development and empowerment among deserving individuals.

LIC Golden Jubilee Scholarship Benefits

The LIC Golden Jubilee Scholarship offers several benefits to deserving students pursuing higher education in both government and private colleges and universities in India. One of the primary advantages is that it alleviates the financial burden on students’ families, allowing them to pursue their educational aspirations without worrying about the associated expenses. Under this scheme, students are provided with a monthly scholarship amount of Rs. 20,000, which is disbursed in three installments throughout the academic year.

Moreover, the scholarship program also emphasizes inclusivity and gender equality. Female students are given special consideration, providing them with additional opportunities to pursue their education and embark on successful careers. Furthermore, the scheme recognizes the potential of special children and provides them with enhanced opportunities to kick-start their careers in India. By offering these benefits, the LIC Golden Jubilee Scholarship aims to create a level playing field and enable students to focus on their academic and professional growth without financial constraints.

Eligibility Criteria

To be eligible for the LIC Golden Jubilee Scholarship, applicants must meet the following criteria: Firstly, candidates should have successfully passed their Class X and Class XII exams (or an equivalent examination) in the Academic Year 2018-19, with a minimum of 60% marks or an equivalent grade. Secondly, the annual income of the applicant’s parents or guardians should not exceed Rs. 2,00,000 from all sources. Additionally, female candidates who have obtained a minimum of 60% marks in their Class X exams (or equivalent) are eligible.

It is important for applicants to provide accurate information, as any incorrect details may lead to the cancellation of the scholarship. Moreover, the scholarship is applicable only for those who wish to pursue further studies, such as diplomas, ITI courses, undergraduate, and postgraduate studies in any discipline at private colleges. Renewal of the scholarship is required, and it should be noted that the LIC Golden Jubilee Scholarship Foundation reserves the right to modify the scheme at any time. Lastly, it is essential to highlight that this scholarship is exclusively for undergraduate studies or its equivalent and is not intended for post-graduate studies.

LIC Golden Jubilee Scholarship Rewards Details

The LIC Golden Jubilee Scholarship offers rewarding benefits to the candidates who successfully apply for this esteemed scholarship. The selected Regular Scholar will receive an annual amount of Rs. 20,000, which will be disbursed in three quarterly installments. This financial support aims to assist the Regular Scholars throughout the duration of their course.

Additionally, a sum of Rs. 10,000 per annum will be awarded to selected Special Girl Child pursuing studies in the 10+2 course. This scholarship amount will also be disbursed in three quarterly installments. The duration of the scholarship for Regular Scholars is the entire duration of their course, while for Special Girl Scholars, it is two years. The LIC Golden Jubilee Scholarship rewards serve as a valuable source of financial assistance for students, allowing them to focus on their studies and pursue their educational goals with ease.

Selection Process And Documents Required for LIC Golden Jubilee Scholarship

The selection process for the LIC Golden Jubilee Scholarship is based on merit and the family background of the applicants. The scholarship program provides different amounts of assistance to deserving students. The selection criteria take into account factors such as the percentage of marks obtained in Class 12th/10th and the annual income of the applicant’s family. Preference is given to students with the lowest annual income in ascending order.

It is important for applicants to submit the required documents along with their application. The necessary documents include Aadhar Card, Identity Card, educational qualification documents, bank account passbook, passport size photo, and a valid mobile number. These documents are crucial for verifying the eligibility of the applicants and facilitating the selection process for the LIC Golden Jubilee Scholarship.

How to Apply for the Scholarship Scheme?

To apply for the LIC Golden Jubilee Scholarship Scheme 2023, eligible students can follow these steps:

  1. Visit the official website of LIC.
  2. Look for a link on the official site’s homepage “Apply for Golden Jubilee Scholarship Scheme 2023” and just click on the same link.
  3. The LIC scholarship application form will appear on the screen, displaying fields for personal information and other required details such as family income, bank account information, course duration, and the desired course of study.
  4. Carefully fill in all the necessary information in the LIC scholarship 2023 application form.
  5. Before submitting the application, review the details provided to ensure accuracy.
  6. At the end of the LIC Golden Jubilee Scholarship application form, tick the checkboxes as required.
  7. At last you just need to hit the “Submit” button and the application process will be completed.
  8. After successfully submitting the application form, the candidate will receive an acknowledgement email. It is crucial to provide a correct mailing address and contact number as these will be used for further communication.

Please note that the application period for this Scholarship Scheme 2023 is expected to get started by December 2023. It is advisable to visit the official LIC website for the most accurate and up-to-date information regarding the application process and timeline.

Important Points To Remember

The Scholarship for 2023 has certain important points that students need to be aware of before applying for the programme.

  • Private candidates who are pursuing part-time are not at all eliigible to apply for the programme.
  • Only one student per family can receive the LIC scholarship. Multiple scholarships will not be awarded within the same family.
  • The selection process for the LIC Scholarship 2023 is merit-based. Candidates will be selected based on descending order of marks obtained.
  • In cases where a woman (unmarried/single/widow/single mother) is the sole earning member of the family, there is a relaxation in the upper limit of the annual family income from INR 2,50,000 to INR 4,00,000 per annum.
  • To be eligible for the LIC Golden Jubilee Scholarship 2023, students must have obtained a minimum of 60% marks or equivalent grade in their previous examination and meet the income eligibility criteria.
  • Candidates selected under the ‘Special Girl Child Scholar’ category must secure a minimum of 50% marks in the 11th class to be eligible for the renewal of the scholarship.

It is recommended that students visit the official website of LIC India to obtain detailed information regarding the terms and conditions of the LIC Golden Jubilee Scholarship for 2023.

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