Only online applications are to be submitted through the link on the home
Once online application is submitted, the candidate will get acknowledgement at the email ID provided by him in his online application
Further correspondence will be made by the Divisional Office which is mentioned in the acknowledgement mail
The candidate should ensure to submit his correct email ID and contact number for communication at a later date, if required
Bank account details and IFSC code are not compulsory at this stage
Further details of the Scheme and Online application log on www.licindia.in or contact nearest LIC Branch or Divisional Office
Last date for submitting online application is 23rd September, 2013
Scholarship: An amount of Rs. 10,000/- per annum will be awarded to the selected candidate which is payable in ten monthly installments of Rs. 1,000/- each
The Scholarship amount will be transferred to Bank Account of the selected scholar through NEFT
Therefore in case the candidate is selected for scholarship, the Bank Account details and IFSC code are compulsory
Selection: Selection of LIC Scholar will be on the basis of merit and family background such as percentage of marks in class 12th/10th and annual income of the family
Eligible Students having the lowest income shall be given preference in the ascending order
The candidate should secure more than 55%marks in professional streams and 50% marks in graduation courses in Arts/Science/Commerce or equivalent grade in the previous final examination of the course for which scholarship is awarded, failing which the scholarship will be discontinued
Scholarship shall not be given to more than one student in a family
The students should be regular in attendance for which the yardstick shall be decided by the competent authority of the school/college/university
Income certificate should be on self-certification basis by way of an affidavit on non-judicial stamp paper for self-employed parents and from employer for employed parents supported by documents (from revenue department) such as land held in the name of parents
If a student violates any terms and conditions of the scholarship, the scholarship may be suspended or cancelled
If a student is found to have obtained a scholarship by false statement/certificates, his/her scholarship shall be cancelled forthwith and the amount of the scholarship paid shall be recovered, at the discretion of the concerned Divisional Administration of LIC
LIC Golden Jubilee Foundation will lay down the detailed procedure for processing and sanctioning of scholarships to eligible students
The scheme shall be evaluated at regular intervals by the LICGJF
The regulations can be changed at any time at the discretion of the Board of Trustees of LICGJF
Eligibility: Students who have passed Class XII exam or its equivalent in the Academic Year 2012-13 and are interested to pursue higher education in the field of Medicine, Engineering, Graduation in any discipline, Diploma Course in any field or other equivalent courses
Vocational Courses through Government recognized Colleges/Institutes or courses in Industrial Training Institutes (ITI)
Candidates who have passed Class XII exam or equivalent in the academic year2012-13 with at least 60% marks or equivalent grade and annual income of whose parents/guardian from all sources does not exceed Rs.1,00,000/- per annum
The basic educational qualification is relaxed to Class X or equivalent with at least 60% marks in the academic year 2012-13 subject to income ceiling of parents/guardians
Duration: Scholarship shall be provided for the entire duration of the course subject to the candidate fulfilling the requisite eligibility conditions for renew
Scope: The scholarship is to be awarded for studies in India in a govt. or private college/university
It will also cover technical and vocational courses in Industrial Training Institutes/Industrial Training Centres affiliated with the National Council for Vocational Training (NCVT) of classes at Graduation level
Scholarships on All India basis (20 Scholarships per Divisional Centre of LIC: 10 each for boys and girls)
Objective: The objective of the scheme is to award scholarships to meritorious students belonging to economically weaker families so as to provide them better opportunities for higher education and thus enhance their employability
