Enhancement of Central Government Employees Group Insurance Scheme (CGEGIS) subscription to the employees of CGDA.

Controller General of Defence Accounts has issued orders regarding the subscription has been enhanced to Group ‘B’ Sr.Auditors from Rs.30 to Rs.60 per month with effect from 1.1.2014.

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No.7(1)/EV/2012
Government of India
Ministry of Finance
Department of Expenditure

New Delhi the 9th May, 2012

CORRIGENDUM

Sub: Central Government Employees Group Insurance Scheme-1980 —Tables of Benefits for the savings fund for the period from 01.01.2012 to 31.12.2012.

The undersigned is directed to refer to this Department’s Office Memorandum of even no. dated 24th April, 2012, forwarding therewith the Tables of Benefits for the savings fund of the Scheme for the year 2012 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 and table of benefits based on a subscription of Rs.10/- p.m throughout.

2. Owing to certain inadvertent error in the above tables, the revised and corrected tables are circulated afresh. The earlier tables circulated with the 0M under reference may please be treated as cancelled and are hereby withdrawn.

3. The payments already made on the basis of earlier tables may be revised in accordance with the revised and corrected tables. Excess payment made, if any, may be recovered.

sd/-
(SIDDHARTH SHARMA)
DIRECTOR

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National Federation of Indian Railwaymen (NFIR) demanded to increase the monthly subscription of CGEGI Scheme ten times with corresponding increase of maturity value.

Presently the amount deducted towards in this scheme from the monthly salary of different categories of Central Government employees is as under…

Group ‘C’ – Rs.30
Group ‘B’ – Rs.60
Group ‘A’ – Rs.120

The above rates were prescribed in the year 1990 and thereafter no upward revision has been made. There have been recommendations of 5th and 6th CPC since 1990 but unfortunately no upward revision has been considered by the Government in this direction till date. The federation requested to the Finance Ministry to kindly intervene the deduction of monthly subscription towards CGEGIS is raised ten times with corresponding increase of maturity value.

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