Benefit Table for CGEGIS Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/benefit-table-for-cgegis/ All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more. Wed, 20 May 2020 11:50:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://centralgovernmentnews.com/wp-content/uploads/2019/02/cropped-central-government-employees-news-32x32.png Benefit Table for CGEGIS Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/benefit-table-for-cgegis/ 32 32 Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund from 1st April 2020 to 30th June 2020 https://centralgovernmentnews.com/central-government-employees-group-insurance-scheme-1980-tables-of-benefits-for-the-savings-fund-from-1st-april-2020-to-30th-june-2020/ https://centralgovernmentnews.com/central-government-employees-group-insurance-scheme-1980-tables-of-benefits-for-the-savings-fund-from-1st-april-2020-to-30th-june-2020/#respond Wed, 20 May 2020 11:50:12 +0000 https://centralgovernmentnews.com/?p=26974 Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund from 1st April 2020 to 30th June 2020 CGEGIS 2020 No.7(2)/EV/2016Government of IndiaMinistry of FinanceDepartment of Expenditure New Delhi, the 20th May, 2020 OFFICE MEMORANDUM Sub : Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings […]

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CGEGIS 2020

No.7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 20th May, 2020

OFFICE MEMORANDUM

Sub : Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.04.2020 to 30.06.2020.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme (CGEGIS-1980), which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.04.2020 to 30.06.2020, as worked out by the Insurance Regulatory & Development Authority (IRDA) based on the interest rate of 7.1% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No.5(2)-B(PD)/ 2020, dated 07.04.2020, are enclosed.

Also check: Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund from 1st Jan 2020 to 31st March 2020

2. The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for the savings fund of the scheme is based on the subscription of Rs.10 p.m. from 01.01.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 01.01.1990 onwards. The second Table of Benefits for savings fund is based on a subscription of Rs.10 p.m. for those employees who had opted out of the revised rate of subscription w.e.f. 01.01.1990.

3. While these orders are in respect of Table of Benefits for the period from 01.04.2020 to 30.06.2020, the Table already issued for the first quaretr i.e from 01.01.2020 to 31.03.2020 are also reproduced for the sake of convenience and consolidation.

4. In their application to the employees of the Indian Audit & Accounts Department, these orders are issues after consultation with the Comptroller & Auditor General of India, as mandated under Article 148(5) of the Constitution.

Also check the previous: Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund from 01.10.2019 to 31.12.2019

5. Hindi version of the order is attached.

(Amar Nath Singh)
Director

Source: DoE

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund from 1st April 2020 to 30th June 2020

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]]> https://centralgovernmentnews.com/central-government-employees-group-insurance-scheme-1980-tables-of-benefits-for-the-savings-fund-from-1st-april-2020-to-30th-june-2020/feed/ 0 Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund from 1st Jan 2020 to 31st March 2020 https://centralgovernmentnews.com/central-government-employees-group-insurance-scheme-1980-tables-of-benefits-for-the-savings-fund-from-1st-jan-2020-to-31st-march-2020/ https://centralgovernmentnews.com/central-government-employees-group-insurance-scheme-1980-tables-of-benefits-for-the-savings-fund-from-1st-jan-2020-to-31st-march-2020/#respond Tue, 11 Feb 2020 15:40:00 +0000 https://centralgovernmentnews.com/?p=26241 CGEGIS 2020 Central Government Employees Group Insurance Scheme CGEGIS 1980 – Tables of Benefits for the savings fund from 1st Jan 2020 to 31st March 2020 No. 7(2)/EV/2016 Government of India Ministry of Finance Department of Expenditure New Delhi, the 5th February, 2020 OFFICE MEMORANDUM Sub: Central Government Employees Group Insurance Scheme 1980 – Tables […]

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]]> CGEGIS 2020

Central Government Employees Group Insurance Scheme CGEGIS 1980 – Tables of Benefits for the savings fund from 1st Jan 2020 to 31st March 2020

No. 7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 5th February, 2020

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund for the period from 01.01.2020 to 31.03.2020.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme CGEGIS 1980, which are being issued on a quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.01.2020 to 31.03.2020, as worked out by IRDA based on the interest rate of 7.9% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(2)-B(PD)/2019 dated 15.01.2020, are enclosed.

2. The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for the savings fund of the scheme is based on the subscription of Rs.10 p.m. from 1.1.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 1.1.1990 onwards. The second Table of Benefits for savings fund is based on a subscription of Rs.10 p.m. for those employees who had opted out of the revised rate of subscription w.e.f. 1.1.1990.

Also check the previous: Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund from 01.10.2019 to 31.12.2019

3. In their application to the employees of Indian Audit and Accounts Department, these orders are issued after consultation with the Comptroller & Auditor General of India.

4. Hindi version of these orders is attached.

(Amar Nath Singh)
Director

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund from 1st Jan 2020 to 31st March 2020

Source: DoE

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]]> https://centralgovernmentnews.com/central-government-employees-group-insurance-scheme-1980-tables-of-benefits-for-the-savings-fund-from-1st-jan-2020-to-31st-march-2020/feed/ 0 CGEGIS Table – Tables of Benefits for the savings fund for the period from 1.1.2014 to 31.12.2014 https://centralgovernmentnews.com/cgegis-table-tables-of-benefits-for-the-savings-fund-for-the-period-from-1-1-2014-to-31-12-2014/ https://centralgovernmentnews.com/cgegis-table-tables-of-benefits-for-the-savings-fund-for-the-period-from-1-1-2014-to-31-12-2014/#respond Thu, 09 Jan 2014 15:00:02 +0000 http://centralgovernmentnews.com/?p=5456 CGEGIS Table – Tables of Benefits for the savings fund for the period from 1.1.2014 to 31.12.2014 Table for Central Government Employees Group Insurance Scheme 1980 – – Tables of Benefits for the savings fund for the period from 1.1.2014 to 31.12.2014 No.7(1)/EV/2013 Government of India Ministry of Finance Department of Expenditure New Delhi, the […]

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Table for Central Government Employees Group Insurance Scheme 1980 – – Tables of Benefits for the savings fund for the period from 1.1.2014 to 31.12.2014

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 Benefits for the savings fund for the period from 01.01.2014 to 31.12.2014.
The undersigned is directed to refer to this Ministry’s O.M. No.7 (2)/EV/2012 dated 15th January, 2013 forwarding therewith Tables of Benefits under CGEGIS for the year 2013. 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 2014 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 2014 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 31.12.1982, 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, 8% per annum (compounded quarterly) w.e.f. 1.1.2004 to 30.11.2011, 8.6% per annum (compounded quarterly) w.e.f 1.12.2011 to 31.03.2012, 8.8% per annum (compounded quarterly) w.e.f. 1.04.2012 to 31.03.2013 and 8.7 % per annum (compounded quarterly) w.e.f. 01.04.2013 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.
2. In its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consultation with the Comptroller and Auditor General of India.
sd/-
(VIJAY KUMAR SINGH)
DIRECTOR

Click for the tables…
Contribution Rs.10 throughout
Contribution Rs.10 and Rs.15

Source : www.finmin.nic.in
[http://finmin.nic.in/the_ministry/dept_expenditure/notification/cgegis/CGEISTable08012014.pdf]

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