Term Plans
The National Overseas Scholarship (NOS) is an esteemed government program in India, designed to support ambitious students from marginalized communities in pursuing higher education abroad. Administered by the Ministry of Social Justice and Empowerment, this scholarship provides a unique opportunity for students to access world-class education and advance their careers.
In this blog, we’ll explore everything you need about the National Overseas Scholarship, including eligibility, benefits, application process, and tips for aspiring candidates.
The National Overseas Scholarship 2024 aims to empower students from Scheduled Castes (SC), Scheduled Tribes (ST), Nomadic and Semi-Nomadic Tribes, Landless Agricultural Laborers, and Traditional Artisans by offering financial assistance for international education. The program focuses on enhancing the representation of these communities in diverse professional fields, such as Engineering, Management, Medicine, and Social Science, by enabling them to study at reputed global institutions.
Term Plans
Promote Education: Enable students from marginalized communities to pursue higher studies abroad.
Career Advancement: Improve employment prospects and professional skills through international exposure.
Social and Economic Equality: Reduce educational disparity by promoting access to quality global education.
The NOS offers various benefits to eligible students, including:
Tuition Fees Coverage: Full or partial payment for tuition fees, depending on the program and institution.
Maintenance Allowance: Monthly maintenance allowance for living expenses.
Visa and Travel Expenses: Coverage for round-trip airfare and visa-related costs.
Incidental Expenses: Additional funds for educational supplies and incidentals.
Medical Insurance: Reimbursement for health insurance costs.
With these benefits, the National Overseas Scholarship Scheme ensures students have the financial support to focus on their education and adapt to the new cultural environment.
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To apply for the National Overseas Scholarship 2024, candidates must meet the following requirements:
Educational Qualifications: Hold a minimum of 55% in the qualifying degree (for Master’s or Ph.D. programs).
Age Limit: Applicants should be below 35 years of age at the time of application.
Family Income: The family’s annual income must not exceed INR 8 lakh.
Category Requirement: The scheme is primarily for SC, ST, Nomadic and semi-nomadic Tribes, Landless Agricultural Laborers, and Traditional Artisans.
Study Field: The scholarship is available for professional courses in select fields, such as Engineering, Management, and Medicine.
The application process for applying in National Overseas Scholarship Schemes involves several steps:
Online Application: Register and submit your application on the official NOS portal.
Document Submission: Prepare and upload necessary documents, such as mark sheets, proof of admission, category certificates, and passport copies.
Selection Process: Applications are reviewed based on academic performance, financial need, and relevance of the chosen field of study.
Interview: Shortlisted candidates may undergo an interview for the final selection.
Tip: Ensure all documents are complete and accurate to avoid delays in the review process.
Plan Early: Research your field of study, target universities, and deadlines in advance.
Strong Academic Record: Maintain a high GPA, as academic merit plays a significant role in selection.
Gather Financial Documents: Ensure that all income certificates and financial records are up-to-date.
Stay Informed: Keep checking the official website for announcements on deadlines and eligibility criteria changes.
The National Overseas Scholarship (NOS) empowers Indian students from disadvantaged backgrounds to pursue education abroad, unlocking new career pathways and fostering global success. This initiative, much like term and life insurance, is a commitment to building a secure future by mitigating financial risks. Term insurance provides essential protection for families in case of unforeseen events, while life insurance offers both coverage and a means to build savings over time. Just as NOS supports students in realizing their potential on a global stage, term and life insurance ensure that families can achieve their financial goals and secure their well-being, creating a foundation for future growth and stability. Both avenues demonstrate how financial empowerment can lead to transformative opportunities and a brighter future.
The National Overseas Scholarship is a life-changing opportunity for Indian students from underprivileged backgrounds to pursue higher education in prestigious international institutions. Students can focus on academic and professional growth without financial burdens with the financial assistance provided. If you meet the eligibility criteria, consider applying for this scholarship to realize your dream of studying abroad and becoming a part of India’s growing community of skilled professionals on a global stage.
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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