LIC Golden Jubilee Scholarship Scheme 2020

LIC Scholarship is conducted by Life Insurance Corporation (LIC) India which provides an opportunity to meritorious students of economically weaker families to pursue their higher studies. Students who have passed class 12 or its equivalent in the academic year 2019-20 are eligible for LIC Golden Jubilee Scholarship.

• The student should be pursuing studies in Medicine, Engineering, Graduation in any discipline, Diploma Course or Govt. approved vocational courses, ITI. 
• Under the LIC Scholarship scheme, the selected candidates will receive an amount of Rs. 10,000 annually for pursuing higher studies in India in a government or private college/university.

LIC Scholarship Dates

LIC Scholarship Amount

Scholarship Amount: Selected candidate will receive a scholarship of Rs.10,000 annually (payable in three quarterly instalments) for the subsequent years of his/her studies.

The Scholarship amount will be transferred to Bank Account of the selected scholar through NEFT. Therefore in case, the candidate is selected for a scholarship, the Bank Account details and IFSC code and copy of cancelled cheque with the name of the beneficiary are compulsory.

LIC Scholarship Renewal

• Selected candidates fulfilling the requisite eligibility conditions for renewal will get the scholarship for the entire duration of the course.
• For vocational courses: Candidates pursuing professional courses should score a minimum of 60%marks  in the last academic year only then will they be eligible for the LIC Scholarship renewal. In case a student scores less than the said marks then their scholarship will lapse.
• For Graduation and Professional courses: The candidate should minimum 60%marks in professional streams and 60% marks in graduation courses in Arts/Science/Commerce or equivalent grade in the previous final examination of the course for which scholarship is awarded.

Students interested in LIC Golden Jubilee Scholarship can apply only online on the LIC website.

 Click Here to Apply for the Scholarship

The candidates have to fill the following information in the LIC Scholarship Application Form

• Personal Details
• Class 10 Details
• Class 11 Details
• Class 12 Details
• Bank Account Details - Bank Account Number, Branch Name, IFSC/MICR Code

Note: After submission of the LIC Golden Jubilee Scholarship Application Form 2020, applicants will receive an acknowledgement at their respective email ID. Further correspondence will be made by the Divisional Office mentioned in the acknowledgement email.

Selection of candidates for LIC Golden Jubilee Scholarship 2020 will be based on the percentage of marks obtained by the applicant in class 12/10 and their family annual income. Eligible Students having the lowest income shall be given preference in the ascending order.

Proof of Income of the Applicant's Family

• Income certificate should be provided in the form of an affidavit on non -judicial stamp paper for self-employed parents based on self-certification and those who are employed by an employer should submit documents (from revenue department) such as land held in the name of parents.

• Eligible candidates with the lowest family income shall be given the preference in ascending order.

LIC Scholarship Terms and Conditions 

• Only one member of a family shall be awarded the scholarship.
• The selected candidate should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university.
• On violation of any terms/conditions by the scholar, the scholarship may be discontinued.
• In case of false documents provided by the selected candidate, scholarship allotted will be cancelled and the existing amount paid shall be recovered at the discretion of the concerned Divisional Administration of LIC.
• LIC Golden Jubilee Foundation will be solely responsible for the processing and sanctioning of scholarships to eligible candidates and will evaluate the scholarship scheme at regular intervals.

LIC Golden Jubilee Scholarship Notification

LIC Golden Jubilee Foundation
‘Yogakshema’ Nariman Point, Mumbai – 21.

Email: cogjf@licindia.com
Fax No: 022-22884103