LIC Scholarship 2024

LIC Scholarship 2024: Benefits, objective, Reward Details, Type, Apply Online and Eligibility Criteria

LIC Scholarship 2024:- Life Insurance Corporation has launched the LIC Golden Jubilee Scholarship 2024, sometimes referred to as the LIC Golden Jubilee Scholarship Scheme. Regular students pursuing graduate study in any topic, medical, engineering, or diploma programs can apply for the LIC Golden Jubilee Scholarship Scheme. The LIC Scholarship 2024 Online Application Form is available on the LIC Golden Jubilee Official Website. Financial aid will be available to qualified students from the economically disadvantaged segments of society under this prestigious program. The following is a list of the most crucial requirements for the LIC Golden Jubilee Scholarship 2024. We will also give our readers information and guidance on how to fill out the application for this well-known kids’ scholarship.

Overview of LIC Golden Jubilee Scholarship

The Life Insurance Corporation of India established the LIC Golden Jubilee Scholarship 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 for INR 30,000 will be provided to students pursuing degrees in engineering. Three separate installments will be used to provide the financial systems.

About LIC Golden Jubilee Scholarship

Students who are struggling to finish their education and are struggling financially are the only ones who can truly appreciate the importance of scholarships. Even though government and private scholarships are given out on a scheduled basis, many students still struggle to cover their tuition. Some scholarships attract a large number of the most worthy students but have few candidates. Today, we’re going to talk about the LIC Golden Jubilee Scholarship, which provides financial assistance to worthy students who wish to complete their further education.

Candidates can visit the official scholarship website to apply for the LIC Golden Jubilee Scholarship. The scholarship program’s application deadline is December 31, 2021. Members of the economically disadvantaged groups in society are given financial assistance to pursue their education under this scholarship program. Further details about the scholarship program are included in the official notice that was sent by the group in charge of the program.

LIC Scholarship 2024

Also Read:- SIRISH Scholarship

Importance of LIC Golden Jubilee Scholarship

Each scholarship has its viewpoint and advantage, providing qualified and gifted students with financial support to meet their educational costs and support them throughout their academic careers. The LIC Golden Jubilee Scholarship is crucial for Indian applicants who wish to study undergraduate or graduate degrees in their own country but are unable to do so due to the country’s financial problems and exorbitant tuition costs.

  • The LIC established the LIC Golden Jubilee Scholarship to provide financial assistance to such brilliant brains in India. The scholarship covers the recipient’s tuition costs for three years OR till their degree is completed. The chosen applicants will receive a scholarship payment directly into their bank account each year through a direct bank transfer.

Key Highlights of LIC Golden Jubilee Scholarship 

Launched by Life Insurance Company 
Name of Scholarship LIC Golden Jubilee Scholarship
Objective To provide financial assistance to meritorious students 
Benefits Monterey benefits 
Eligibility Criteria Must be a resident of India 
Beneficiaries All students 
Official website

The objective of the LIC Golden Jubilee Scholarship 

With the help of the LIC Golden Jubilee Scholarship, students from low-income families would have more options. The initiative will provide jobs and support to the socially and economically disadvantaged population. The students will have more options for advanced coursework. Scholarships are awarded to students who demonstrate exceptional academic performance at all Indian colleges and universities. It will also cover technical and vocational courses up to graduation that are provided by Industrial Training Institutes/Industrial Training Centers affiliated with the National Council for Vocational Training.

Benefits of the LIC Golden Jubilee Scholarship 

The scholarship will only be awarded to children who are currently enrolled in public or private colleges and universities in India. This would allow the children to simply pursue higher education without having to worry about the expenditures associated with helping their families establish their professions.

  • The Rs. 20,000 annual prize for the selected Regular Scholar will be given out in three payments.
  • A scholarship worth Rs. 10,000/year, payable in three payments, will be awarded to selected Special Girl Children enrolling in the 10 + 2 Course.
  • By NEFT transfer, the scholarship funds will be deposited into the designated scholar’s bank account. Consequently, if the candidate is selected for the scholarship, the IFSC code, bank account details, and a copy of the voided check bearing the beneficiary’s name must be provided.

Type of Scholarship

Type of ScholarshipRate of Scholarship
Students pursuing education in the field of medicineRs.40,000/- per annum payable in 3 instalments(Two installments ofRs.12000/- each & Thirdinstalment of Rs.16000/-)
Students pursuing education in the field of engineering Rs.30,000/- per annum,payable in 3 instalments(Two installments ofRs.9000/- each and Thirdinstalment of Rs.12000/-)
Students pursuing regular Degree Courses such as BA/BCOM/BSC etc or a Diploma in any vocational CoursesRs.20,000/- per annum,payable in 3 instalments(Two installments ofRs.6000/- each and Thirdinstalment of Rs.8000/-)
Special Scholarship for Girl Child to pursuehigher secondary education (HSC/Diploma/Intermediate under 10+2 pattern)for two yearsRs.15,000/- per annum,payable in 3 instalments(Two installments ofRs.4500/- each and third instalment of Rs.6000/-)
LIC Scholarship 2024

Also Read:- Aicte Pragati Scholarship

Eligibility Criteria  

For Regular Scholars
  • Candidates are eligible to apply for scholarships if they passed the Class XII exam (or its equivalent) in the Academic Year 2019–20 with at least 60% of the available points (or an equivalent grade), and if the combined annual income of their parents or guardians is less than Rs. 2,00,000 annually. Students who wish to pursue higher education in the fields of engineering, medicine, certificate courses in any field, graduation in any discipline, or other comparable courses are eligible for the grant. It is provided to students who wish to enroll in courses at industrial training centers (ITIs) and pursue vocational training through colleges and institutions approved by the government.
  • All candidates whose parents or guardians make no more than Rs. 2,00,000 combined annually and who passed the Class X exam (or its equivalent) in the 2019–20 academic year with at least 60% of the possible points (or a similar grade). The award is available to students who are keen to continue further education in the field of vocational courses through government-approved colleges and universities or programs at industrial training institutes (ITI).
For Special Girl Child Scholar 
  • To support girls’ education, girls who successfully finish grade 10 are eligible for a special scholarship good for two years of post-secondary education using the 10 + 2 pattern. To be eligible, the candidate must have completed the Class X exam (or its equivalent) with at least 60% of the possible points during the 2019–20 academic year and have parents or guardians with a combined yearly income of no more than Rs. 2,00,000 (from all sources). The award is given to students who are interested in (and willing to continue) additional education along the 10 + 2 pattern.

Reward Details

CoursesScholarship Amount
MedicalRs. 40,000 annually First installment: INR 12000; second installment: INR 12000 Payment 3: INR 16,000.
EngineeringRs. 30,000 every year Initial Installment: Rs. 9000; Second Installment: Rs. 9000; Third Installment: Rs. 12000
Graduation from other coursesRs. 20,000 a year One installment is Rs. 6000; two are Rs. 6000; and three are Rs. 8000.
Special Girl Child ScholarshipRs. 15,000 annually First installment: Rs. 4500; second installment: Rs. 4500; third installment: Rs. 6000.

Application Fee

  • Applying for the LIC Golden Jubilee Scholarship is free of charge.

Required Documents 

  • Passport-sized photograph.
  • Signature.
  • Birth Certificate.
  • Caste Certificate.
  • Family Income Certificate.
  • Address Proof.
  • Previous Exam Marksheet.

Selection Process 

  • The candidate will be chosen under how well they meet the eligibility requirements.
  • To be considered for the scholarship, the applicant must complete the application form by the deadline.
  • To be considered for the scholarship, the student must accurately complete the application form with the necessary information.
  • When completing the application, the candidate must have all the necessary paperwork.
  • To be eligible for the scholarship, The Legend must continue his studies in engineering or medicine.

LIC Golden Jubilee Scholarship Apply Online 2024 

  • To post an application for the scholarship, go to the lic internet site.
  • Select “apply here” on the homepage.
  • You’ll see a brand new web page on your display.
  • Please provide the requested records.
  • To complete the technique, choose the submit option.

Required Detailed to be Filled Under Application Form 

  • The candidate must first choose their district and state on the application form.
  • Next, the applicants must enter their name, last name, father’s name, and other essential information.
  • The candidate must fill out his class 10th or equivalent details after providing his basic information.
  • In addition to providing their bank account number and other information, candidates must also enter their bank data.
  • The candidate must select Submit after completing all the fields.
LIC Scholarship 2024

Also Read:- District Merit Scholarship

Important Instructions 

  • Applications are only accepted online, and applicants are asked not to provide hard copies of their online applications since they are not necessary and shouldn’t be taken into consideration.
  •  The LIC Golden Jubilee Scholarship is open to all applicants who passed their class 10th exam or its equivalent in the academic year 2024 with at least 60% of the possible points or an equivalent grade. However, they can only apply if they plan to pursue vocational programs through government-approved colleges or programs through ITI.
  • Only students pursuing higher education in the fields of medicine, engineering, graduation in any discipline, integrated courses, diploma courses in any field or other equivalent courses, vocational courses through government-recognized colleges/institutions, or courses in Industrial Training Institutes (ITIs) are eligible for the General Scholarship after passing the Class XIIth or Diploma examination with 60% marks or equivalent grade in the Academic year 2022–2023.
  • Woman students have to have finished the class x test or it’s equal to 60% marks or an equal grade in the instructional 12 months 2022–2023 for you to be eligible for the unique scholarship for woman toddlers. they ought to also be pursuing further education in the degree, intermediate, or 10 + 2 programs.
  • The applicant’s bank account info needs to be filled out carefully to ensure accuracy and that the account is operational. please double-take a look at the account variety with information if the zero is positioned incorrectly because of the letter “o.”


Q. What are the LIC Golden Jubilee Scholarship application fees?
Applying for the LIC Golden Jubilee Scholarship is free of charge.

Q. Is a scholarship specifically designed for female students?
Indeed, the Special Girl Child Scholarship for Indian female students has been introduced by the LIC.

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?
Students who want to study medicine will receive INR 40,000 in financial aid each year.

Suggested Link:-  Work from Home Jobs, Indnewsupdates


Leave a Comment