Central Government Employees Group Insurance Scheme-1980 - Table of Benefits for the savings fund for the period from 01.10.2018 to 31.12.2018

Central Government Employees Group Insurance Scheme-1980 - Table of Benefits for the savings fund for the period from 01.10.2018 to 31.12.2018

CGEGIS Table for 4th Quarter 2018 (from 01.10.2018 to 31.12.2018) of Benefits for the saving fund

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

New Delhi, the 10 December, 2018

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 - Table of Benefits for the savings fund for the period from 01.10.2018 to 31.12.2018.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-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 01.10.2018 to 31.12.2018, as worked out by IRDA based on the interest rate or 8% per annum (compounded quarterly) as notified by the Department or Economic Affairs as per their Resolution No. 5(1)-B(PD)/2018 dated 04.10.2018, are enclosed.

2. The Tables enclosed are of two categories as per the existing practice. As hitherto the first Table of Benefits for the saving fund of the scheme is based on the subscription or 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 or Benefits for savings fund is based on a subscription of Rs.10 p.m. for those employees who hod opted out or the revised rate or subscription w.e.f. 1.1.1990.

3. While these orders are in respect of Table or Benefits for the period from 01.10.2018 to 31.12.2018, the Tables already issued for the first quarter, second quarter and third quarter i.e. for the period 01.01.2018 to 30.09.2018 are also reproduced for the sake convenience and consolidation.

4 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.

5 Hindi version of these orders is attached.

Sd/-
(Amar Nath Singh)
Director

Source: doe.gov.in

Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefits for the Savings Fund for the period from 01.07.2018 to 30.09.2018

Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefits for the Savings Fund for the period from 01.07.2018 to 30.09.2018 - reg.

F.No.28-01/2018-PAP
Government of India
Ministry of Communications
Department of Posts

(Establishment Division)/PAP Section
Dak Bhawan, Sansad Marg, New Delhi - 110 001
Dated: 11th September, 2018.

To.

ALL CHIEF POSTMASTER GENERALs,
DIRECTOR, RAKNPA, GHAZIABAD,
ALL POSTMASTER GENERALs,
ALL DIRECTORS OF PTCs.

Subject: Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefits for the Savings Fund for the period from 01.07.2018 to 30.09.2018 - reg.

I am directed to forward herewith a copy of the Ministry of Finance, Department of Expenditure’s OM No. 7(2)/EV/2016 dated 4th September, 2018, containing therewith the Tables of Benefits from the Savings Fund accumulations under the Central Government Employees Group Insurance Scheme, 1980 for the period from 1st July, 2018 to 30th September, 2018 (i.e. for the third Quarter) for information and necessary action.

(K. V. Vijayakumar)
Assistant Director General (Estt.)

Encl: As above.

Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefit for the Savings Fund for the period from 01.04.2018 to 30.06.2018

Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefit for the Savings Fund for the period from 01.04.2018 to 30.06.2018

RBE No. 98/2018

New Delhi, dated 28.06.2018

No.PC-III/2000/GIS/2

The General Managers,
All Zonal Railways & PUs
(As per mailing list).

Sub: Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefit for the Savings Fund

The Table of Benefits under CGEGIS-1980 for the period 01-01-2018 to 31-03-2018 issued by Ministry of Finance vide their OM dated 27-02-2018 was circulated to Zonal Railways/production Units etc. vide Board's letter of even number dated 02-04-2018.

In continuation of Board's letter ibid, a copy of Ministry of Finance's OM No,7(2)/EV/2016 dated 25-05-2019 circulating Tables of benefits for the period from 01-04-2018 to 30-06-2018 is enclosed herewith and necessary action.

DA: AS above

(M.K.Panda)
Joint Director, Pay Commission
Railway Board

Source: NFIR

CGEGIS 1980: Tables of Benefits from April 2018 to June 2018

CGEGIS 1980: Tables of Benefits from April 2018 to June 2018

Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.04.2018 to 30.06.2018

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

New Delhi, the 25th May, 2018

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.04.2018 to 30.06.2018.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme- 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 01.04.2018 to 30.06.2018, as worked out by IRDA based on the interest rate of 7.6% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(1)-B(PD)/2018 dated 11.04.2018, 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.

3. While these orders are in respect of Table of Benefits for the period from 01.04.2018 to 30.06.2018, the Tables already issued for the first quarter from 01.01.2018 to 31.3.2018 are also reproduced for the sake of convenience and consolidation.

4. 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.

5. Hindi version of these orders is attached.

sd/-
(Amar Nath Singh)
Director

Check the table here
Source: https://doe.gov.in/

Central Government Employees Group Insurance Scheme 1980 - Table of Benefits for the saving fund for the period from 01.10.2017 to 31.12.2017

Central Government Employees Group Insurance Scheme 1980 - Table of Benefits for the saving fund for the period from 01.10.2017 to 31.12.2017

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

New Delhi, the 23 November, 2017

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 - Tables of Benefits for the savings fund for the period from 01.10.2017 to 31.12.2017.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-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 01.10.2017 to 31.12.2017, as worked out by IRDA based on the interest rate of 7.8% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(1)-B(PD)/2017 dated 23.10.2017, 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.

3.While these orders are in respect of Table of Benefits for the period from 01.10.2017 to 31.12.2017, the Tables already issued for the quarters from 1.1.2017 to 31.3.2017, from 1.4.2017 to 30.6.2017 and from 01.07.2017 to 30.09.2017 are also reproduced for the sake of convenience and consolidation.

4.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.

5.Hindi version of these orders is attached.

sd/-
(Amar Nath Singh)
Director

Authority: http://www.doe.gov.in/

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017.

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

New Delhi, the September 6,2017

Office Memorandum

Sub: Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-1980, which are being issued on a quarterly basis from l.1.20 17 onwards, as brought out in ' this Ministry's OM of even number dated 17.3 .2017, for the quarter from l.7.2017 to 30.9.2017, as worked out by IRDA based on the interest rate of 7 .8% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(1)-B(PD)/2017 dated 17.7.2017, 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. froml.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.

3. While these orders are in respect of Table of Benefits for the period from l.7.2017 to 30.9.2017, the Tables already issued for the quarters from 1.1.2017 to 31.3.2017 and from 1.4.2017 to 30.6.2017 are also reproduced for the sake of convenience and consolidation.

4. 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.

5. Hindi version of these orders is attached.

(Amar Nath Singh)
Director

To
1. All Ministries / Department of the Central Government as per standard list.
2. Copy with spare copies for information and necessary action to C&AG, UPSC, all State Government etc. as per standard list.
3. NIC, Department of Expenditure - for uploading the same on the website of Ministry of Finance, Department of Expenditure.

Source: doe.gov.in - DOWNLOAD PDF

Central Government Employees Group Insurance Scheme 1980. Tables of Benefits for the savings fund for the period from 01.04.2017 to 30.06.2017

Central Government Employees Group Insurance Scheme 1980. Tables of Benefits for the savings fund for the period from 01.04.2017 to 30.06.2017.

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

New Delhi, the 2nd June, 2017

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 -  Tables of Benefits for the savings fund for the period from 01.04.2017 to 30.06.2017.

Ministry of Finance issues two Table of Benefits on quarterly basis for the savings fund to the beneficiaries under Central Government Employees Group Insurance Scheme (CGEGIS)-1980. While one Table of Benefits for the savings fund of the scheme is based on a subscription of Rs.10 per month per unit from 1.1.1982 to 31.12.1989 and Rs.15 per month per unit w.e.f. 1.1.1990 onwards, the other Table of Benefits for the savings fund is based on a subscription of Rs.10 per month in respect of the employess who had opted out of the revised rates of subscription w.e.f. 1.1.1990.

2. The Table of Benefits under CGEGIS-80 are prepared by IRDA based on the rate of interest notified by DEA for samll savings including GPF. Earlier, DEA used to notify the interest rate on financial year basis. However, DEA has now shifted to notifying the interest rate on quarterly basis. In view of this, it has been decided that the Table of benefits will be issued on quarterly basis commencing from 1.1.2017 to 31.3.2017.

3. The two tables under CGEGIS-80 for the first quarter of the year 2017 i.e, 01.01.2017 to 30.06.2017, prepared by IRDA, are enclosed. The benefits in the Tables have been worked out on the basis of interest @ 7.9% per annum (compounded quarterly), as notified by Department of Economic Affairs.

4. 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.

5. 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/-
(Amar Nath Singh)
Director

Authority: www.finmin.nic.in
Click to view the original order

Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefits for the Savings Fund for the period from 1.1.2017 to 31.03.2017

Central Government Employees Group Insurance Scheme, 1980 - Tables of Benefits for the Savings Fund for the period from 1.1.2017 to 31.03.2017.

The Table of Benefits under CGEGIS-198C for the period 01-01-2016 to 31-12-2016 issued by Ministry of Finance vide their OM dated 26-02-2016 was circulated to Zonal Railways/Production Units etc. vide Board's,letter of even number dated 03-03-2016.

It has now been decided by Ministry of Finance that the Table of Benefits will now be issued on quarterly basis commencing from 01-01-2017 to 31.03.2017, Accordingly, Table of benefits under CGEGIS-1980 for the first quarter of the year 2017 i.e. 01-01-2017 to 31-03-2017 has now been issued vide Ministry of Finance's Office Memorandum No. 7(2)/EV/20l6 dated 17-03-2017. A copy of the Ministry of Finance's above office Memorandum alongwith Tables of benefits is enclosed herewith for information and necessary action.

DA: As above

(M.K.Panda)
joint Director, Pay Commission
Railway Board

No. PC-III/2000/GIS/2

New Delhi, Dated: 07.04.207

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

New Delhi, the 17th March,2017

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme, 1980 - Tables of for the savings fund for the period from 01.01.2017 to 31.03.2017.

Every year two Tables of Benefits are issued by the Ministry of Finance on calendar year basis for the savings fund to  the beneficiaries under central Government Group Insurance scheme (CGEGIS-1980). While one Table of Benefits for the Savings fund of the Scheme is based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990.

2. The Tables of Benefits under CGEGIS-80 are prepared by IRDA based on the rate of interest notified by DEA for small savings including GPF. Earlier, DEA used to notify the interest rate on financial year basis. However, DEA has now shifted to notifying the interest rate on quarterly basis. In view of this, it has been decided that the Table of benefits will be issues on quarterly basis commencing from 1.1.2017 to 31.3.2017.

3. The Two Tables under CGEGIS-80 for the first quarter of the year 2017 i.e. 1.1.2017 to 31.3.2017, prepared by IRDA, are enclosed. The benefits in the Tables have been worked out on the basis of interest @8% per annum (compounded quarterly), as notified by Department of Economic Affairs.


4. 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.

5. In its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consulation with the comptroller and Auditor General of India.

Source : NFIR

The Union Government has decided to make timely payment of accumulations under the Savings Fund of the Central Government Employee Group Insurance Scheme (CGEGIS)

The Union Government has decided to make timely payment of accumulations under the Savings Fund of the Central Government Employee Group Insurance Scheme (CGEGIS)

The Union Government has decided that in all cases where the service of the retiring Central Government employees has been verified, payment of the accumulation under Savings Fund of Central Government Employee Group Insurance Scheme (CGEGIS) will be made without awaiting confirmation of deduction of each monthly subscription of CGEGIS. This would help in timely payment of accumulations under the Savings Fund of the CGEGIS. The necessary Orders in this regard have been issued by Department of Expenditure, Ministry of Finance on 17.03.2017.

Often delay occurs in payment of dues to the retiring Central Government employees as the existing procedure requires confirmation of deduction of each monthly subscription to the scheme. The present decision of the Union Government is a step towards simplification of procedure as well as to ensure timely payment of savings along with interest under CGEGIS, to the Central Government employees at the time of retirement.

Under the Central Government Employees Group Insurance Scheme, 1980, the accumulations under the component of Savings Fund together with interest thereon are payable to the employees on retirement or on cessation of employment with the Central Government or to their family on death while in service.

PIB

Simplification of procedure for payment of (CGEGIS) dues - Finmin Orders

Simplification of procedure for payment of (CGEGIS) dues - Finmin Orders

No.7(1)/EV/2016

Government of India
Ministry of Finance
Department of Expenditure

New Delhi, Dated the 17th March, 2017

OFFICE MEMORANDUM

Sub: Simplification of procedure for payment of Central Government Employees  Group Insurance Scheme (CGEGIS) dues - regarding

It has been brought to the notice of this Department that in a number of cases delay occurs in payment of Ccntral Government Employees Group Insurance Scheme (CGEGIS) dues, owing to missing entries, despite the fact that a provision has made for making entries of subscription for CGEGIS, recovered from pay & allowances every year in Part- VII-C of the service book.

2. In terms of para 8.1 Of the Central Government Employees Group Insurance Scheme, 1980, as contained in this O.M. No. F.7(5)-EV/89 dated 15th May, 1989, which relates to Savings Fund of the Scheme, the total accumulation of savings together with interest thereon will be payable to the member on retirement or on cessation of his employment with the Central Government or to his family on his death while in service. The total accumulation under Savings Fund is provided for in terms of the applicable Table of Benefits pertaining to a particular year as prescribed under the relevant Orders issued by this Ministry from time to time.

3. The issue has been considered in consultation with Department of Pension & Pensioners’ Welfare and Controller General of Accounts. It has been decided that in order to ease the process of payment of Savings Fund on account of CGEGIS at the time of retirement Of a Central Government employee, in all cases where the service of the retiring Central Government employee has been verified, payment of the accumulation under Savings Fund of CGEGIS be made without awaiting confirmation of deduction of each monthly subscription of CGEGIS, as service verification is carried out based on the monthly salary payment and the CGEGIS subscriptions are mandatory deductions from these payments.

4. All Ministries/ Departments are accordingly advised to ensure compliance of above instructions so that the dues of CGEGIS in respect Of Government servants retiring on attaining the age of superannuation are discharged with due promptness. Further, it may be ensured that Ministries/ Departments send their budget requirements for payments under CGEGIS to CCA (Finance) well in advance, preferably, at the time of RE/ BE so that the budget under this head is made on a realistic basis.

sd/-
(Amar Nath Singh)
Director

Authority: www.finmin.nic.in

Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2017

Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2017.

OFFICE OF CONTROLLER GENERAL OF DEFENCE ACCOUNTS,
BATAR ROAD, PALAM, DELHI CANTT-110010

No.A/III/14500/CGEGIS/REP/2017

Dated: 24.01.2017

To,
PCsDA/CsDA
including AO, DAD, ZO (DPD)
& AN-IV Local.
(Through CGDA website)

Sub: Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2017.

An report the above subject has prescribed by the Chief Controller of Accounts, Ministry of Finance, Department of Economic Affairs which is to be rendered to them by 1st March each year. It is requested that Annual Report on the CGEGIS-1980 in respect of DAD personnel and Non-DAD personnel (Defence Civilians) may kindly be forwarded separately to this HQrs by 17th February, 2017 positively the prescribed format (Annexure 'D' copy enclosed). While forwarding the report, it may please be ensured that the number of CGEGIS subscribers for the year 2016 shown in the last report must be correctly reflected in the Part-I of the report.

It has been noticed previous year, the report is generally not forwarded to this HQrs by the prescribed time. This often delays rendition of consolidated report to Ministry. Therefore, it is requested thal timely submission of repon may please be ensured.

3. This issues with the approval of Jt. CGDA (A&B).

sd/-
Sr.Accounts Officer (A/Cs)

Authority: http://cgda.nic.in/

Unjustified deduction for Group insurance Scheme in 7th Pay Commission Report – IRTSA CGEGIS – Central Government Employees Group insurance Scheme

Unjustified deduction for Group insurance Scheme in 7th Pay Commission Report – IRTSA
CGEGIS – Central Government Employees Group insurance Scheme

a. Term insurance premiums have plummeted over last 6 years. Since 2009, term insurance premium have crashed by 75 percent. A one crore cover for 30 year old male cost around Rs.30,000 in 2008, but one would be able to get the same cover today for around Rs.8000. But 7th CPC has made its
recommendations exactly opposite to the trend in the market, instead of passing on the benefit to employees, 7th CPC recommended for taking away even meager benefit extended in the form of contribution to CGEGIS.

b. Huge unjustified increase in monthly deduction for GIS: 7th CPC has recommended for increasing monthly deduction & insurance amount by 41.7 times for Group ‘A’ & ‘B’ and 50 times for Group ‘C’ as given in table below,

c. 7th CPC recommended a ratio of savings fund to insurance fund as 75:25.

d. Therefore, for the annual contribution of Rs.18,000 by a Group ‘C’ employee Rs.13,500 will go for savings fund and Rs. 4,500 will go for insurance fund.

e. On cessation of account (ie on retirement) savings amount plus 8.7% interest per annum (compounded quarterly) for savings account has to be paid to the employee.

f. In case of demise of the employee savings amount plus Interest as applicable on date plus insurance amount has to be paid.

g. So for risk coverage to the value of Rs.15,00,000 a Group ‘C’ employee need to contribute Rs.4,500 annually.

h. Whereas in LIC’s New Amulya Jeevan-II insurance policy, which covers only risk (100% goes to insurance fund), if a person joins at the age of 20 for the period of 30 years, for risk insurance amount of Rs.25,00,000annual contribution is only Rs.3,652 per year. In LIC’s New Amulya JeevanII policy annual contribution is less by Rs.848 and insurance amount is more by Rs.10,00,000 than CGEGIS recommended by 7th CPC.

i. Unreasonable recommendation by 7th CPC: For 0.81 times of contribution recommended by 7th CPC, LIC of India a PSU is offering an insurance amount of 1.67 times recommended by 7th CPC.

j. When around 30,00,000 employees are going to be in the Group insurance scheme, annual deduction has to be much less than LIC’s policy which is offered for individuals.

k. Monthly deduction given in the table below for recommended insurance amount by 7th CPC is sufficient as per the rates applicable in New Amulya Jeevan-II insurance policy.

Source: IRTSA Memorandum

Central Government Employees Group Insurance Scheme-1980

CGEGIS Table 2015: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 01.01.2015 to 31.12.2015.

No.7(1)/EV/2014
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 22nd January, 2015

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 01.01.2015 to 31.12.2015.

The undersigned is directed to refer to this Ministry’s O.M. No.7 (1)/EV12013 dated 8th January, 2014 forwarding therewith Tables of Benefits under CGEGIS for the year 2014.

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 2015 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 2015 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.

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.

(VIJAY KUMAR SINGH)
DIRECTOR

CGEGIS Table 2015 for Rs. 10 and 15 Subscription

CGEGIS Table 2015 for Rs. 10 Subscription trhougout

Source: http://finmin.nic.in/the_ministry/dept_expenditure/notification/CGEGIS/CGEGISTables23012015.pdf

Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2015

Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2015

OFFICE OF THE CONTROLLER GENERAL OF DEFENCE ACCOUNTS,
ULAN BATAR ROAD, PALAM, DELHI CANTT. -110010
Tel: 011-25665548, 25665583/84, 25665736/37, Jt. CGDA (A&B) Tel-25674789
Fax: 011-23674786, 25674789

SPEED POST

No. A/III/14500/CGEGIS/REP/2015

Dated: 02.02.2015

To
The PCDA/CDA
including AO, DAD, ZO (DPD)
& AN-IV Local.

Sub: – Central Government Employees Group Insurance Scheme 1980: Annual Report for the year 2015.

An annual repon on the above subject has been prescribed by the Chief Controller of Accounts, Ministry of Finance, Department of Economic Affairs which is to be rendered to them by 15th March each year. It is requested that Annual Report on the CGEGIS-1980 in respect of DAD personnel and Non-DAD personnel (Defence Civilians) may kindly be forwarded separately to this HQrs by 16th February, 2015 positively in the prescribed format (Annexure ‘D’ copy enclosed). While forwarding the report, it may please be ensured that the number of CGEGIS subscribers for the year 2014 shown in the last report must be correctly reflected in the Part-I of the report.

2. It has been noticed in previous year, the report is generally not forwarded to this HQrs by the prescribed time. This often delays rendition of consolidated report to Ministry. Therefore, it is requested that timely submission of report may please be ensured.

sd/-
(A.K Sharma)
Sr. Accounts Officer (A/Cs)

Source: www.cgda.nic.in