LIC Scholarship 2021 – Application Form, Eligibility, Status & Last Date

LIC Scholarship was launched by the Life Insurance Corporation of India (LIC) for students pursuing higher education. The students who come from the weak economic background can avail for LIC Scholarship 2021. This scholarship is also known as LIC Golden Jubilee Scholarship. The aim of this scholarship is to provide better education opportunities to poor students and helping them in making a promising professional career for themselves. The students willing to apply for this scholarship can visit the official website of LIC India.

This Scholarship is given to a student studying in a government or private college/university to study in India. All the eligible candidates who want to study or are related to the fields of Engineering, Administration, Technology, Arts, can apply. Students who have scored 60 percent or more in Intermediate are eligible for LIC Scholarship. The purpose of the Life Insurance Company is to provide higher education and educational opportunities to the students. It is known as Golden Jubilee Scholarship; the last date of online application is 24 December 2020.

LIC Scholarship 2021 – Comprehensive Details

The LIC Scholarship is an initiative taken by Life Insurance Corporation of India to support the education of underprivileged students across the country. India is a country with one of the highest poverty rates which forces children to stay at home or young students to drop out of schools after studying few classes and work for living. This in turn leads to exploitation and higher poverty rates. The government as well as various organizations, trusts or NGOs support the education of these students by providing them enough funds to afford education.

LIC Scholarship

Through LIC Scholarship, financial assistance will be provided to all these students to encourage them for further education. In this article, we will discuss about LIC Golden Jubilee Scholarship and the information related to it in details. What is the scholarship application process? What are the non-mandatory documents for this? And what is the main eligibility for the scholarship? Through this article you will get the details of this scholarship again, and through this you will also get the answers to all the questions.

LIC Scholarship – Highlights

Scheme NameLIC Scholarship
Launched ByLife Insurance Corporation of India
BeneficiariesStudents
Registration ProcessOnline
ObjectiveTo provide scholarship
BenefitsFinancial Assistance
CategoryScholarships
Official Website https://www.licindia.in/Bottom-Links/Golden-Jubilee-Foundation/Scholarship

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LIC Scholarship – Last Date

EventsDate
Last Date of Application Form31st December 2020

Note – The given dates are for the academic year, they may change every year at the scholarship provider’s discretion.

LIC Scholarship – Eligibility Criteria

Applicants before filling up the application form of LIC Scholarship need to check the following eligibility criteria. After fulfilling all the eligibility criteria, students can proceed further.

CoursesEligibility
Engineering, Medicine, Graduation in any discipline, Diploma Course in any field or other equivalent courses.The applicants who have cleared their 12th standard qualifying exam or its equivalent from any recognized board are eligible.The applicant must have secured minimum 60% marks in 12th standard qualifying exam.The family annual income of the candidate should not exceed Rs.1 Lakhs from all sources.
Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI).The applicants who have cleared their 10th standard qualifying exam or its equivalent from any recognized board are eligible.The applicant must have secured minimum 60% marks in 10th standard qualifying exam.The family annual income of the candidate should not exceed Rs.1 Lakhs from all sources.

LIC Scholarship – Documents Required

Before filling up the application of LIC Scholarship, candidates must keep following important documents available to them to make their application process fast.

  • Latest passport-size photo
  • Caste certificate
  • Address proof
  • Birth certificate
  • Mark sheet of the previous qualified exam
  • Income certificate along with supporting documents
  • Scanned signature
  • Bank account details and IFSC code
  • Copy of cancelled cheque with the name of the beneficiary

LIC Scholarship – Application Procedure

The selected students will receive the scholarship throughout the duration of their course. The scholarship amount will be transferred directly into the bank accounts of the students to avoid any fraud. The amount will be sent in 3 quarters over the course of one year. At the end of academic year, the students can renew the scholarship with in the specified time limit.

  • First of all, visit the official website of LIC Scholarship. the homepage of the website will open on your screen.
LIC Scholarship
  • On the homepage, scroll down to the end of the page and click on the “Golden Jubilee Foundation” link.
  • Now, click on the “Golden Jubilee Scholarship Scheme” link given on the right side of the webpage.
  • An instruction page will open on the screen.
  • After this, you have to click on the “LIC Golden Jubilee Scholarship Scheme 2021” tab.
  • An application form will display on the screen, there enter your personal details, academic details, bank details, etc.
  • Finally, click on “Submit” to finish the application process.
  • Now, you will receive a confirmation email on your registered email ID.
  • The Divisional Administration will contact the student for the further process.

LIC Scholarship – Selection Procedure

The selection process of candidates for the LIC Scholarship will involve multiple stages. The students will be selected based on their academic performance and financial need. The selection for this scholarship is done on the basis of the academic performance and economic condition of the family. The marks secured in the 10th and 12th qualifying exam will be taken into account while shortlisting the students. In case, the marks are the same the students with lower annual income will be selected for the scholarship.

LIC Scholarship – Terms and Conditions

  • Only one child of a family can avail this scholarship.
  • The selected candidates must have secured minimum 55% marks in professional courses or 50% marks in Arts/Commerce/Science undergraduate courses for with the student received the scholarship. In case, the student fails to achieve these marks the scholarship will be discontinued.
  • The student must have minimum regular attendance decided by the competent authority of the school/college.
  • The Income certificate of the candidate’s family should be self-certified in form of an affidavit on a non-judicial stamp if the parents are self-employed or it should be from the employer for the employed parents supported by the documents like land owned by the parents.
  • If the student gave any false information/certificate to obtain the LIC Scholarship and later on found guilty of it then, the scholarship will be discontinued immediately and as per the orders of the Divisional Administration, the paid amount will be recovered.
  • The evaluation of this scholarship will be done at regular intervals.
  • The detailed information about the procedure of processing and sanctioning of the scholarship will be given to the eligible students.
  • The rules and regulations of the LIC Scholarship can be changed by the responsible authorities at any given period of time.
  • If a student is found guilty of violating any condition the scholarship can be canceled or suspended by the authorities.

LIC Scholarship – Rewards

Those students who get selected for the LIC Scholarship after fulfilling all the eligibility criteria will receive the scholarship reward as per the type of scholarship. Following are the rewards that Xiaomi India are offering to the students

For Regular Scholars

  • The scholarship is provided to the selected students for the entire duration of course.
  • The students are provided financial assistance of Rs.20000 per annum in 3 quarterly instalments.

For Special Girl Child Scholars

  • This scholarship is offered to the girl child for the duration of 2 years.
  • The students are provided financial assistance of Rs.10000 per annum in 3 quarterly instalments.

Contact Us –

If you have any queries regarding this scholarship, then contact on the helplines given below.

  • Address – Life Insurance Corporation of India – Corporate Office, Yogakshema Building, Jeevan Bima Marg, P.O. Box No – 19953, Mumbai – 400 021.
  • Email ID: co_gjf@licindia.com
  • Fax Number: 022-22884103

We hope that you find all the information presented through LIC Scholarship helpful. In the above article, we have tried to give you all the important insight and provide answers to all your questions. In case you still have any questions left, then leave a comment below in the comment box. You can also bookmark our website for future reference.

FAQ’s

What are the eligibility criteria for LIC Scholarship?

The main eligibilities are given below –

  • The applicants who have cleared their 12th standard qualifying exam or its equivalent from any recognized board are eligible.
  • The applicant must have secured minimum 60% marks in 12th standard qualifying exam.
  • The family annual income of the candidate should not exceed Rs.1 Lakhs from all sources.

What are the documents required for Golden Jubilee Scholarship?

following important documents available to them to make their application process fast.

  • Latest passport-size photo
  • Caste certificate
  • Address proof
  • Birth certificate
  • Mark sheet of the previous qualified exam
  • Income certificate along with supporting documents
  • Scanned signature
  • Bank account details and IFSC code
  • Copy of cancelled cheque with the name of the beneficiary

What is the main aim of the LIC Scholarship?

The purpose of the Life Insurance Company is to provide higher education and educational opportunities to the students.

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