1. What is the LIC Golden Jubilee Scholarship Scheme?
The LIC Golden Jubilee Scholarship Scheme is the flagship corporate social responsibility initiative of the Life Insurance Corporation of India (LICI), established in 2006 to commemorate the corporation's 50th golden jubilee year of service to the nation.
Administered through the LIC Golden Jubilee Foundation, the scheme provides financial assistance to academically brilliant students from economically challenged backgrounds, enabling them to complete undergraduate degrees in medicine, engineering, biotechnology, commerce, humanities, and technical vocational courses without being forced to drop out due to tuition constraints.
i Pan-India Quota Allocation
The scholarship is not restricted to a central pool. It is distributed across all 113 LIC Divisional Offices spanning India. Each division is allocated a specific quota of 20 General Scholars (10 boys and 10 girls) plus an additional 10 Special Girl Child Scholars, ensuring equitable grassroots coverage across both rural and urban districts.
LIC Golden Jubilee Scholarship Tiers & Stipend Slabs
₹40,000 / Year
MBBS, BDS, B.Tech, B.E., B.Arch, Integrated M.Tech
Disbursed in 3 quarterly installments (₹12k + ₹12k + ₹16k)
₹25,000 / Year
BA, B.Com, B.Sc, BBA, BCA, Diploma (Polytechnic)
Disbursed in quarterly installments throughout course duration
₹15,000 / Year
Girls completing 10th pursuing 11th & 12th standard
Payable for 2 consecutive years (Class 11 & 12)
licindia.in.
2. Category-Wise Scholarship Amounts: General vs Special Girl Child
The scholarship funding structure is divided into two distinct statutory categories:
| Scholarship Stream | Target Group & Course | Annual Amount | Payout Duration |
|---|---|---|---|
| Regular Scholar (Medicine) | 12th pass students pursuing MBBS, BDS, BAMS, BHMS | ₹40,000 / year | Entire course duration (4.5 to 5 yrs) |
| Regular Scholar (Engineering) | 12th pass students pursuing B.Tech, B.E., Architecture | ₹40,000 / year | Entire course duration (4 yrs) |
| Regular Scholar (Graduation / ITI) | 12th pass students pursuing BA, B.Sc, B.Com, or 10th pass ITI | ₹25,000 / year | Duration of degree / diploma (2–3 yrs) |
| Special Girl Child Scholar | Girls passing 10th pursuing 10+2 / Intermediate / Junior College | ₹15,000 / year | 2 years (Class 11 & 12) |
3. Strict Eligibility Criteria (Academic Marks & Income Cap)
To prevent fraudulent exploitation and ensure aid reaches truly deserving students, LIC imposes two rigorous criteria:
1. Academic Marks Threshold (60% Minimum)
The candidate must have passed their 10th standard (for ITI / Special Girl Child) or 12th standard (for Graduation / Professional courses) with not less than 60% aggregate marks (or equivalent CGPA) in the academic year immediately preceding the application cycle.
2. Parental Income Ceiling (₹2.5 Lakhs Cap)
The total annual family income of the parents/guardians from all sources must not exceed ₹2,50,000 per annum. An authentic Income Certificate issued by a competent state authority (Tehsildar, Sub-Divisional Magistrate, Revenue Officer) or Form 16 / ITR is strictly mandatory.
4. Permissible Higher Education Courses (Engineering, MBBS, ITI, BA/B.Sc)
Scholarships are valid only for students enrolled in full-time, recognized regular courses. Distance education and private correspondence courses are not eligible:
- Medicine: Allopathic (MBBS), Dental (BDS), Ayurvedic (BAMS), Homeopathic (BHMS), Physiotherapy.
- Engineering & Architecture: B.Tech, B.E., B.Arch, Integrated Dual Degree programs.
- General Higher Education: B.A., B.Sc., B.Com., BBA, BCA, Bachelor of Social Work (BSW).
- Technical & Vocational: Government recognized 2-year Industrial Training Institute (ITI) courses or 3-year Polytechnic Diplomas.
5. Step-by-Step Online Application Process on Official LIC Portal
Applications for the LIC Golden Jubilee Scholarship are conducted 100% online:
-
Access the Official Portal: Visit the official Life Insurance Corporation of India portal at
licindia.in. Locate the banner link labeled "LIC Golden Jubilee Scholarship Scheme - Apply Online". - Select Your State & District: Select your home domicile state and residential district. The system automatically tags your application to your controlling LIC Divisional Office.
- Fill Student Demographics: Enter Student Full Name, Gender, Date of Birth, Father's Name, Mother's Name, Category (General, OBC, SC, ST, EWS), and Physical Disability status (if applicable).
- Educational Qualifications: Input Board Name, Year of Passing, Exam Roll Number, Total Marks Secured, and Percentage.
- Current Course Details: Enter the name of the College/University enrolled in, exact course title, course duration, and annual tuition fees.
- Bank Account Credentials: Provide the student's active Savings Bank Account Number, Bank Name, Branch, and 11-digit IFSC code for Direct Benefit Transfer (DBT).
- Submit & Note Acknowledgment ID: Check the confirmation declaration and click Submit. A unique Acknowledgment Number is generated. Download and print the acknowledgment receipt for future verification.
6. Mandatory Document Verification Checklist
Shortlisted candidates are contacted via email or registered post by their designated LIC Divisional Office to submit physical photocopies for physical scrutiny:
| Document Required | Issuing Authority / Conditions |
|---|---|
| 10th / 12th Standard Marksheet | Original board marksheet + Self-attested photocopy. |
| Income Certificate | Tehsildar / SDM / Revenue Circle Officer certificate (< 1 yr old). |
| College Admission Receipt | Original fee payment receipt or bonafide student certificate from College Principal. |
| Student Bank Passbook Copy | First page copy showing student name, account number, and IFSC code. |
| Address & Identity Proof | Masked Aadhaar Card of student and parent. |
7. Selection Criteria & Divisional Merit List Compilation
Selection is strictly merit-cum-means based. If multiple candidates satisfy the 60% mark and ₹2.5 Lakh income criteria, candidates are ranked in order of:
- Lowest Annual Family Income: Students with the lowest parental earnings receive priority.
- Highest Academic Percentage: Marks secured in 10th or 12th board exams.
- Special Categories: Preference is accorded to single-parent households, orphans, and persons with benchmark disabilities (PwD).
8. Renewal Criteria: How to Maintain Scholarship Across Degree Years
The scholarship is not a one-time grant; it continues across all degree years provided the scholar maintains academic discipline:
- Minimum College Pass Marks: The scholar must secure at least 55% aggregate marks in their annual university semester examinations.
- Submission of Marksheet: Submit the preceding semester marksheet attested by the college registrar/principal to the sponsoring LIC Division.
- Zero Disciplinary Actions: No record of ragging, criminal proceedings, or commercial employment during the study period.
9. LIC HFL Vidyadhan Scholarship: Features & Differences
In addition to the Golden Jubilee Foundation, LIC Housing Finance Limited (LIC HFL) conducts an independent corporate scholarship program called Vidyadhan Scholarship:
LIC Golden Jubilee Foundation
Focuses on 10+2 Special Girl Child, Graduation, Medicine, and Engineering. Disbursed through the central LIC Divisional Office network.
LIC HFL Vidyadhan Scholarship
Managed via partner portals (such as Buddy4Study). Offers assistance for Class 11-12, Graduation, and Post-Graduation with scholarships up to ₹25,000 per year.
