CGEGIS – Tables of Benefits for the savings 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
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.
S/d,
(Amar Nath Singh)
Director
(Amar Nath Singh)
Director
