LIC Scholarship 2022 - Eligibility Criteria, Last Date, Reward Amount, Online Form & Renewal

Life Insurance Corporation of India started the scholarship program named as LIC Golden Jubilee Scholarship Scheme. This scholarship was introduced by the LIC group to help the students who are coming from financially unstable backgrounds or weaker sections of the society. The aim of this LIC scholarship is to encourage more and more students to study and that too, with focus and a futuristic goal. The LIC Golden Jubilee scholarship is for those students whose family income annually is less than INR 100000. Thus, LIC helps the students to study and get educated as much as possible and to make their financial instability a point of advantage and not any disadvantage.

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LIC Golden Jubilee Scholarship 2022 – Overview

Organized by	Life Insurance Corporation of India
Scholarship name	LIC Golden Jubilee Scholarship Scheme
Category	Scholarships
Eligibility criteria	The candidates of 10th – 12th and above
Aim of The Scholarship	to help the needy and economically background students
Last Date To Apply	24th December 2020
Mode of exam	Online
Official portal	www.licindia.in

LIC Scholarship details 2022

LIC Golden Jubilee Scholarship form is available in their official portal of LIC that is www.licindia.in, and the participants who win will be rewarded INR 10,000 annually. This scholarship program is mainly for the higher studies of the students who want to study further, but there is no financial support. Like any other scholarships, the deadline for this one is 31st December 2020. Students of many fields can apply for this scholarship, which includes the students from Engineering, Arts, Technology, Administration, and many more fields. The institution of the student can be private or public, but the student must be enrolled in a recognized institution.

Courses under LIC scholarship

Here are the courses that are eligible or can apply for the LIC Golden Jubilee Scholarship, for applying the student must have passed class 12 exam or any equivalent exam, which is recognized by the government. So for those students who want to apply for the scholarship in the following courses for pursuing higher education from any public or private institution they can just check the courses as mentioned below-

Engineering,
Medicine,
graduation in any discipline,
Diploma course in any field
Also, other equivalent courses.
Vocational courses through ITI,
Industrial Training Centers affiliated with the NCVT.

LIC Scholarship eligibility

For being an eligible candidate to apply for this scholarship, the student must fulfill the following criteria. The criteria vary as per the categories. The categories are regular scholars and the girl child category. Let us discuss the criteria one by one for better understanding.

For Regular Scholars

For students completing class 10

The candidate’s marks in class X or its equivalent with a minimum of 60% in the academic year of the application for 2022 scholarship, the academic year 2019-20.
The annual income clubbing income from all sources of the candidate’s parents or guardian should not be more than INR 1,00,000 annually.
The students who fulfill the above two criteria are Eligible to continue the higher education by choosing courses offered by government recognized institutions as well as Industrial Training Institutes.

For students completing class 12

The candidate’s marks in class XII or it’s equivalent with a minimum of 60% in the academic year of the application, for 2022 scholarship, the academic year 2019-20.
The annual income clubbing income from all sources of the candidate’s parents or guardian should not be more than INR 1,00,000 annually. This is important for being eligible for this scholarship.
The students who fulfill the above two criteria are eligible to continue higher education by choosing a course in government recognized institutions as well as Industrial Training Institutes.
These are the fields of higher education that the candidate can pursue, namely, Engineering, Medicine, or any other undergraduate degree in any course or diploma.

For Special girl child scholar

For providing better education to girl children, LIC has taken the initiative to prefer girl children separately in their scholarship scheme. Therefore, this is a scheme of scholarship that supports the girls who pass the exam of class 10 and class 12. These are the eligibility criteria for the Special Girl child Scholarship-

The candidate’s marks in class X or its equivalent with a minimum of 60% in the academic year of the application for the 2022 scholarship, the academic year 2019-20.
The annual income clubbing income from all sources of the candidate’s parents or guardian should not be more than INR 1,00,000 annually. This is important for being eligible for this scholarship.
Only those girls who wish to pursue higher education as a 10+2 pattern, all of them are eligible for this LIC Golden Jubilee Scholarship for Special girl Child.

How to apply for LIC Scholarship?

Many students match the eligibility criteria and want to apply for this scholarship; for them, the application procedure might be the tough part. It has been a hurdle to fill the application form correctly as well, as any wrong information in the application can disqualify the participating contestant from the process of getting the LIC Golden Jubilee Scholarship . The steps are as follows. This will guide you while applying-

Log in to the official website of LIC Golden Jubilee Scholarship with your ID and password.
Apply for this scholarship before the last date of submitting the form online that is 24 December 2020,
On the official page, search for the online application.
Keep all your documents that are needed beforehand so that it doesn’t create any disturbance once you start filling up the form.
Start filling the form, the application form will require your academic qualifications, personal details, and current address.
Now you need to scan and upload necessary documents as required in the application.
Check all the details you have given before you submit.
Correct if you find any mistakes.
Click the submit button, do not refresh until the submission is made.
After the successful submission, you will receive an email on your email ID for acknowledgment purposes.
Receiving the email indicates that your application is successful.
Take a print out of the application form that you have filled up for the LIC Golden Jubilee Scholarship and keep it as a reference if needed in the future.
Wait for the site to declare the shortlisted list of candidates.

Documents required for LIC Scholarship

For filling up the LIC Golden Jubilee Scholarship, here are the following documents that are required by the applicant who wants to participate and win this scholarship. The documents required are as follows-

Passport-sized photograph
Family Income Certificate
Signature
Address Proof
Caste Certificate
Previous Exam Mark sheet
Birth Certificate

Before filling up the form, make sure that you start the form filing when you have already gathered all the documents.

LIC Scholarship selection procedure

The selection procedure might be a matter you are thinking about if you are a potential candidate, so this article will make your concept clear. The policy of how the shortlisting of the candidates is done is as follows-

The team of LIC Golden Jubilee Scholarship will check and go through the details given by the candidates in their applications.
The academic track record will be checked, and if the record is outstanding, then those students will be taken as a priority for the merit-based scholarship.
There are many more reservations to help the scheme fulfill the motto. That is, the candidate’s age, class, and annual income will also be considered as a parameter while giving priority to the shortlisted candidates.
The shortlisted students will be screened by the authority keeping all the parameters in mind so that the most deserving candidate wins the scholarship.
The reward of the scholarship will be given to those candidates who deserve the scholarship after verification and validation of all the required criteria and documents.

LIC Scholarship Rewards Amount

The rewards of winning the LIC Golden Jubilee Scholarship is as follows-

Category	Number	Amount Granted In Rupees
Education Advancement	235	38,12,38,074
Medical Relief Provided	208	34,45,98,454
Publicity objective	66	12,68,98,426
Grand total	509	85,27,34,954

LIC Scholarship terms and conditions

There are a few terms and conditions for the participating candidate to be eligible or to apply for this LIC Golden Jubilee Scholarship. For renewal as well, the candidate must keep all these points of terms and conditions in mind to get the important benefits of the scholarship and not to get disqualified. These are the terms and conditions-

Candidates, those who have obtained a minimum of 60% marks in the exams of Class X or Class XII and the family income of their parents annually, must not be more than 1,00,000 INR.
Selection of Candidates will be made based on merit as per the percentage of marks scored in class 10th and class 12th and family background that is the annual income will be checked. Preference is given to the students having the lowest annual family income.
Candidate has to secure more than 50% marks in graduation courses if he has taken Arts or Science or Commerce. In professional streams, the percentage is 55% and for any such equivalent grade for other courses to renew the scholarship for the next year.
Only one person in a family can get this scholarship.
The candidate’s attendance must be regularly to continue with this scholarship scheme.
If the candidate’s parents are self-employed, then the income certificate should be self-certified through an affidavit on stamp paper, which is non-judicial.
If the candidate’s parents are employed, then the income certificate should be documented, supporting the land held by them, which will be issued by the revenue department.
If a candidate violates any of the terms and conditions, then the scholarship might be suspended or canceled.
Detailed procedure formation for processing and sanctioning the LIC Golden Jubilee scholarship will be done by LIC Golden Jubilee Foundation (LICGJF) to shortlisted students.
At regular intervals, the evaluation of the scholarship scheme will be done by LIC Golden Jubilee Foundation.
The regulations and any other policy regarding the terms and conditions can be altered at any time as per the discretion of the Board of Trustees of LIC Golden Jubilee Foundation.
The scholarship for any student will be disqualified by the Divisional Administration of LIC at their discretion if they find any student to have provided any forged documents.

LIC Scholarship FAQS

What is the LIC scholarship?

LIC scholarship is the scholarship that aims to encourage more and more students to study and that too, with focus and a futuristic goal. The LIC Golden Jubilee scholarship for those students whose family income annually is less than INR 100000. Thus, LIC helps the students to study and get educated as much as possible and to make their financial instability a point of advantage and not any disadvantage. This scholarship program is mostly for the students who want to have higher education along with the merit and financial inability.

What is the last date to apply online for LIC Golden Jubilee Scholarship 2021 – 2022?

Answer. For LIC Golden Jubilee Scholarship 2020-21, the last date to apply is December 24, 2022.

How long does the scholarship remain valid?

Answer. The LIC Golden Jubilee scholarship remains valid as long as the course that has been taken by the candidate is not finished. For the Girl Child scholarship scheme, their scholarship starts from class 11 and completes when they pass class 12 exam.

Which classes are eligible to fill up the application form for the LIC Golden Jubilee Scholarship?

Answer. Students from class 10 and class 12 can only apply if they want to study in some specific fields, as mentioned in the criteria.

Who is offering this LIC Golden Jubilee Scholarship?

Answer– LIC scholarship 2019 is provided by the company.

Is the exam taken in online mode or offline mode?

Answer– Scholarship exam is conducted in an online format, and there is no offline exam for this scholarship.

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LIC Scholarship 2022 – Eligibility Criteria, Last Date, Reward Amount, Online Form & Renewal