Shiksha Sahayog Yojana LIC Policy is a group scheme introduced by Life Insurance Corporation of India. This scheme is introduced for providing benefits for the children of those who are the members of Janashree Bima Yojna LIC Policy. Only those people who are members of Janashree Bima Yojna LIC Policy and those children who are in Class 9th to Class 12th are eligible for Shiksha Sahayog Yojana LIC Policy. This scheme won’t be applicable for those children who have failed and remain in the same class which means scholarship will be given only once.
A scholarship amount of Rs. 300 per quarter per child will be paid for a maximum period of 4 years. Also, this benefit is applicable for only 2 children per family. There is no premium required for this scheme. The Nodal Agency for Janashree Bima Yojna LIC policy will identify these eligible children.