CGEGIS

CGEGIS Table 2016 - Tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016 No.7(1)/EV/2014 Government of India Ministry of Finance Department of Expenditure New...

No.7(1)/EV/2013 Government of India Ministry of Finance Department of Expenditure ******** New Delhi, the 08 January, 2014 OFFICE MEMORANDUM Sub: Central Government Employees Group Insurance Scheme - 1980 - Tables of...

No.7(1)/EV/2012 Government of India Ministry of Finance Department of Expenditure ********** New Delhi, 9th May, 2012 CORRIGENDUM Sub: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings...

No.7(1)/EV/2012 Government of India Ministry of Finance Department of Expenditure ******** New Delhi, the 24th April, 2012 OFFICE MEMORANDUM Sub: Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for...

The undersigned is directed to refer to this Ministry’s O.M. No.7 (2)/EV/2009 dated 29th December, 2009 forwarding therewith Tables of Benefits under CGEGIS for the year 2010. New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2011 and a copy of the table is enclosed. Another Table of Benefits for the savings fund based on a subscription of Rs. 10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990 have also been drawn up for the year 2011 and a copy of that table is also enclosed. The amounts in the Tables have been worked out on the basis of interest @ 10% per annum(compounded quarterly) for the period from 1.1.1982 to 3 1.12.1982, 11% per annum(compounded quarterly) w.e.f. 1.1.1983 to 31.12.1986, 12% per annum(compounded quarterly) w.e.f. 1.1.1987 to 31.12.2000, 11% per annum (compounded quarterly) w.e.f. 1.1.2001 to 31.12.2001, 9.5% per annum(compounded quarterly) w.e.f. 1.1.2002 to 31.12.2002, 9.0% per annum(compounded quarterly) w.e.f.1.1.2003 to 31.12.2003 and 8% per annum (compounded quarterly) w.e.f. 1.1.2004 onwards.The mortality rate under the Scheme has been taken as 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter in both the cases. While calculating the amount it has been assumed that the subscription has been recovered or will be recovered from the salary of the month in which a member ceases to be in service failing which it should be deducted from accumulated amounts payable.

Rate of monthly subscription and insurance cover under CGEGIS-1980 for erstwhile Group 'D' employees placed in PB-1, Grade Pay Rs.1800/- and classified as Group 'C'.

Rate of monthly subscription and insurance cover under CGEGIS-1980 for erstwhile Group 'D' employees placed in PB-1, Grade Pay Rs.1800/- and classified as Group 'C'.

Consequent upon implementation of the provisions contained in DoP&T OM No. AB-14017/6/2009-Estt(RR) dated 30.4.2010, all Gp D posts in this department have been re-designated as Multi-Tasking Staff and classified as Group C with a common Grade Pay of Rs.1800/- vide this HQrs office letter No.AN/XI/11409/CR/2009 dated 19.5.2010.

CGEGIS - CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME - Overview