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Showing posts with the label GROUP INSURANCE

Enhancement of Insurance Coverage under CGEGIS- BPMS

Enhancement of Insurance Coverage under CGEGIS- BPMS Resolution No.1 Enhancement of Insurance Coverage under CGEGIS Central Government Employees Group Insurance Scheme, 1980 was notified on 01/11/1980 and came into force with effect from the forenoon of 01/01/1982. The `scheme' is intended to provide for the Central Government employees, at a low cost and on a wholly contributory and self financing basis, the twin benefits of an insurance cover to help their families in the event of death in service and a lump-sum payment to augment their resources on retirement. The rates of benefit under the scheme, till date is as under : Category Rates of monthly subscriptions(Rs.) Insurance Coverage(Rs.) As on 31-01-1989 After 01-02-1989 A 40 120 1,20,000 B 20 60 60,000 C 10 30 30,000 D 05 15 15,000 Ever since then, except merging of Group “D” with Group “C” and subsequent change in subscriptions and coverage thereo...

CGEGIS Table 2018 for the period from 01.01.2018 to 31.03.2018- Benefits for the Saving Fund- DoE Order

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CGEGIS Table 2018 for the period from 01.01.2018 to 31.03.2018- Benefits for the Saving Fund- DoE Order Central Government Employees Group Insurance Scheme-1980-Table of Benefits for the saving fund for the period from 01.01.2018 to 31.03.2018 No.7(2)/EV/2016 Government of India Ministry of Finance Department of Expenditure  New Delhi, the 27th February, 2018  OFFICE MEMORANDUM  Sub: Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.01.2018 to 31.03.2018 - reg.  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 01.01.2018 to 31.03.2018, as worked out by IRDA based on the interest rate of 7.6% per annum (compounded quarterly) as notified by t...

CGEGIS Table 2017 for the Period from 01.04.2017 to 30.06.2017- Tables of Benefits for the Savings Fund

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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 Tables 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 from 1.1.1982 to 31.12.1989 and Rs.15 per month 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 for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990. 2...

CGEGIS Table 2017: Benefits from 01st Jan 2017 to 31st March 2017: Fin Min Order

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CGEGIS Table 2017: Benefits from 01st Jan 2017 to 31st March 2017 No.7(2)/EV/2016 Government of India Ministry of Finance Department of Expenditure ********* New Delhi, the 17th March, 2016 OFFICE MEMORANDUM Sub: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits 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 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 from 1.1.1982 to 31.12.1989 and Rs.15 per month 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 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 prepar...