Life Insurance Corporation Scholarship Scheme Application Form 2016

The Life Insurance Corporation of India provides the Golden Jubilee Scholarship. The Life Insurance Corporation provides this opportunity to the all students time to time. All students can get scholarship by apply from the official link of Life Insurance Corporation. All students who are interested to get scholarship can apply for this. Before fill the application form students check all notifications related to this scheme from official website of Life Insurance Corporation. The Life Insurance Corporation declares all notifications related to the application form, scholarship scheme, Eligibility criteria etc. on their official website link.

Life Insurance Corporation Scholarship Scheme

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company. The LIC headquarter is in Mumbai. It is the largest insurance company in India with an estimated asset value of₹1,560,482 crore (US$230 billion). As of 2013 it had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh that year. The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation. The Oriental Life Insurance Company, the first company in India offering life insurance coverage, was established in Calcutta in 1818 by Anita Bhavsar and others. Its primary target market was the Europeans based in India, and it charged Indians heftier premiums. Surendranath Tagore had founded Hindusthan Insurance Society, which later became Life Insurance Corporation. The Life Insurance Corporation provides scholarship to the needy students. There are some criteria of this scheme. All students can apply after reading all instructions carefully. To know more about this scheme, please visit on official website link: www.licindia.in

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