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...