Term Plans
The National Overseas Scholarship (NOS) Scheme is a prestigious initiative by the Government of India aimed at empowering students from marginalized communities by providing them with the means to pursue higher education abroad.
Administered by the Ministry of Social Justice and Empowerment, this scholarship covers educational expenses, living costs, and more, allowing students to access top-tier global institutions. In this blog, we’ll cover everything you need to know about the National Overseas Scholarship Scheme—its purpose, eligibility criteria, benefits, application process, and tips for a successful application.
Term Plans
The National Overseas Scholarship Scheme was established to promote equal opportunities for students from historically disadvantaged communities, such as Scheduled Castes (SC), Scheduled Tribes (ST), Denotified and Nomadic Tribes, Landless Agricultural Laborers, and Traditional Artisans. By funding studies in top-ranked universities worldwide, the scheme aims to equip students with knowledge and skills that will increase their employability, social mobility, and contribution to India’s development.
Promotes Educational Equity: It helps bridge the educational gap by providing support to those who have limited access to resources.
Fosters Global Exposure: International study offers an invaluable opportunity to experience new cultures and advanced learning environments.
Career Advancement: The scheme supports students in obtaining professional degrees that improve their job prospects and skillsets.
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The NOS Scheme provides comprehensive financial support to eligible students, including:
Tuition Fees: Covers the tuition fees, ensuring students can attend reputable institutions without financial stress.
Living Allowance: Monthly maintenance allowance to cover living expenses while studying abroad.
Travel and Visa Expenses: Covers the cost of a round-trip ticket and any visa-related expenses.
Incidental Charges: Additional allowance for books, study materials, and other academic-related costs.
Health Insurance: Reimbursement for medical insurance fees.
With these provisions, the scholarship enables students to focus entirely on their studies and personal development, making it an invaluable resource for those who qualify.
To qualify for the National Overseas Scholarship Scheme, applicants need to meet certain criteria:
Educational Requirement: Applicants must hold a minimum of 55% in their undergraduate degree (for Master’s programs) or Master’s degree (for Ph.D. programs).
Age Limit: Applicants must be under 35 years of age as of the application deadline.
Annual Family Income: The family’s annual income should not exceed INR 8 lakh.
Community Requirements: Applicants must belong to SC, ST, Denotified Nomadic and Semi-Nomadic Tribes, Landless Agricultural Laborers, or Traditional Artisan communities.
Eligible Study Fields: Scholarships are available for courses in areas such as Engineering, Management, Medical Sciences, and Social Science.
The application process for the NOS Scheme is detailed, so applicants should approach it with careful preparation:
Online Registration: Start by creating an account on the official NOS portal and filling out the application form.
Document Submission: Upload essential documents such as transcripts, proof of admission, community certificate, income proof, and passport.
Application Review: The Ministry evaluates applications based on academic merit, financial need, and relevance of the chosen study field.
Interview: Shortlisted candidates may be called for an interview to assess their motivation and plans for using their education to benefit their communities.
Tip: Double-check that your application and supporting documents are accurate and complete, as errors can delay processing or impact your eligibility.
Start Early: Begin researching universities, programs, and eligibility well in advance to avoid last-minute issues.
Academic Excellence: Maintain a high academic record, as academic achievements significantly influence the selection process.
Complete Financial Documentation: Keep your income certificates and other financial documents updated to avoid discrepancies.
Prepare for the Interview: Be ready to articulate your study goals and how they align with the objectives of the National Overseas Scholarship.
The National Overseas Scholarship (NOS) Scheme is a gateway for students from marginalized backgrounds in India, helping them access international education and broaden their career horizons. Just as the NOS opens doors to new opportunities, term and life insurance provide essential financial security that helps individuals and families confidently plan for the future. Term insurance offers a straightforward safety net for dependents in case of an untimely loss, while life insurance combines coverage with a savings element, supporting long-term wealth creation. Together, the NOS and these insurance options empower individuals to build a secure and prosperous future, whether through education or financial planning, by reducing the burden of economic uncertainties and helping people realize their aspirations.
The National Overseas Scholarship Scheme opens up a world of opportunities for eligible students, enabling them to pursue higher education in some of the best institutions around the globe. Through financial assistance and support, the scheme empowers marginalized communities to break barriers, gain world-class education, and bring valuable skills back to India. If you’re eligible, consider applying to this transformative scheme and take a step toward building a successful, globally-oriented career.
By applying for the National Overseas Scholarship Scheme, you could turn your educational dreams into reality and make a meaningful difference in your community and beyond.
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.
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+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.
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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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