LIC Scholarship

Education plays a crucial role in shaping a student’s future. It's unfortunate that some children are deprived of this treasure due to financial constraints. The LIC Scholarship program has been a ray of hope for students who cannot afford higher education due to poor economic conditions. The Life Insurance Corporation aims to secure the bright future of students who are willing to study further after school. LIC scholarships can be categorized into two major types - Golden Jubilee Scholarship Scheme and LIC HFL Vidyadhan Scholarship. Explore more details about the LIC scholarships here. 

To get a detailed understanding of these grants, application dates, eligibility criteria, amount, and others, go through the table below:

India’s top insurance company LIC provides the Golden Jubilee scholarship to meritorious students hailing from poor socioeconomic backgrounds. The scheme has been designed to help students complete their higher education thereby opening new avenues for better career opportunities. It is valid for candidates willing to pursue graduate, postgraduate, or vocational courses at any government or private college. Online application forms for this scholarship program will be made available by December 31, 2023. For detailed information, students must get updates from the official website of LIC.

Before applying online for the LIC scholarship program, aspirants need to ensure that they comply with the eligibility parameters. Let’s explore the parameter qualifying candidates for the scheme.

For Special Girl Child Scholar

• Under the LIC Golden Jubilee scholarship program, girl children aspiring to enroll in +2 courses can apply.
• Applicants should have qualified class 10 examination from a recognised board with good marks.
• This scheme applies to girl children haling from a family with an annual income not more than Rs 2.5 LPA

For Regular Scholar

• Candidates need to qualify 10th or 12th  examination in the 2022-23 session to reap benefits from the LIC scholarship 2022-23. 
• The scheme will be offered to students scoring at least 60% marks in the 10th board.
• The family income of the applicant should not cross the maximum income limit of Rs 2,50,000 per annum.

Beneficiaries after meeting the eligibility criteria can further proceed with the application process for LIC scholarship 2023. Find the steps to apply for the scholarship program below:

• Step 1: Visit the official website i.e licindia.in
• Step 2: Find a flashing link “Apply for Golden Jubilee scholarship 2024”
• Step 3: Tap on the link and fill out the form
• Step 4: Now, press the submit button after reviewing the form

LIC HFL Vidyadhan Scholarship 2024 is a CSR initiative by Life Insurance Corporation Housing Finance Limited to offer financial support to students studying in class 8 to post-graduation. The principal objective is to enable students with excellent academic records to pursue higher education without worrying about finances. The amount of Financial assistance depends on the level of education pursued by an applicant. 

The insurance company has formulated a set of guidelines and parameters for selecting eligible applicants to earn benefits from the LIC HFL Vidyadhan scholarship program. Each education level has a unique set of criteria that has been discussed below:

For 10th-qualified students:

• Applicants should have secured admission in the 11th class at any school in India.
• Special preference will be offered to students who lost their family’s sole earning member due to COVID in 2020.
• Students securing at least 60% marks in the 10th examination will be covered under this scholarship scheme.
• Applicant's family income should not exceed Rs 3,60,000 per annum by taking into account all sources of income.

For graduate-level students:

• Candidates need to score a minimum of 60% marks in their 10+2 examination to continue applying for the program.
• Students should have enrolled in the first year of any undergraduate course in any accredited govt or private institutions
• Family income should be within Rs 3 to 3.6 lakhs per annum.

For Post-graduate students:

• Students pursuing first-year academic courses at the post-graduation level can apply for the LIC scholarship scheme.
• Obtaining 60% marks in graduation subjects is mandatory for an applicant.
• The family income of the candidates should be within INR 3 lakhs per annum.

Aspirants willing to apply for the LIC scholarship scheme have to undergo a selection process administered by the Life Insurance Company (LIC). The organization uses certain parameters that qualify a student for the LIC HFL scholarship program. The screening process begins after a candidate submits their application forms. Post-verification of details provided by the candidates, an interview round will be arranged for final selection. Let’s delve deeply into the parameters upon which students are selected.

• Merit: This is perhaps a crucial factor determining whether a student is eligible to reap the benefits of the scheme or not. Preference is only given to candidates who succeed in securing at least 65% marks in their last examination.
• Crisis condition: It is a criterion used to select candidates who have single parents or are living under critical economic conditions. Students whose sole earners are jobless are also considered eligible for this scholarship.
• Financial state: As LIC initiated the scholarship program to offer financial aid to bright students hailing from poor economic conditions; hence, the annual income of the student’s family will be taken into account during the selection process. 

The LIC VIdyadhan scholarship scheme is an initiative aiming at making education accessible to all by eliminating any financial barriers. Eligible students covered under the scheme can reap the following benefits that have been discussed below:

• The school students studying in classes 8 to 12 are covered in the scheme. The 10th qualified student receives a scholarship amount of Rs 10,000 per year for consecutive 2 years till they complete school education.
• Candidates pursuing graduation-level courses are eligible to receive financial assistance of up to Rs 15,000 for 3 years.
  Students pursuing their post-graduation degree from any accredited university can receive a scholarship amount of around Rs 20,000 for 2 years.

The Application process for the LIC HFL Vidyadhan Scholarship 2023 will be conducted online by the insurance company. It is highly recommended to fulfill the form fill-out process within the deadline to avoid last-minute discrepancies. Find the step-wise process below for your reference:

1. Google the official website of LIC HFL
2. On the homepage check the scholarship section
3. Tap on the apply button
4. Complete the form with relevant details
5. Upload the necessary documents and submit the form

The selection process for the LIC scholarship will be conducted by properly scrutinizing the validity and authenticity of the document uploaded by a beneficiary. Students are advised to submit the following documents with the application form.

• Photo identity proof
• The first page of the bank passbook
• Income certificate
• Caste or disability certificate
• Current academic year fee receipt
• Admission form of college or university
• Mark sheet of the last exam
• Crsisi document (if applicable)

Aspirants willing to apply for the LIC HFL Vidyadhan scholarship can raise any query concerning the application process, important dates, and selection process by connecting with the authorities at toll-free number 011-430-92248(Ext-143). Call the authorities between 10 am to 6 pm from Monday to Friday.