Group Insurance Scheme: RBE No.32/2023 – Tables of Benefits 01.01.2023 to 31.03.2023

No.PC-III/2000/GIS/2, dated 14.02.2023

Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund for the period from 01.10.2022 to 31.12.2022.

The Table of Benefits under CGEGIS-1980 for the period 01.07.2022 to 30.09.2022 issued by Ministry of Finance vide their OM Dt. 12.09.2022 was circulated to Zonal Railways/ Production Units etc. vide Board’s letter of even number dated 11.10.2022/ RBE–124/2023.

In continuation of Board’s letter ibid, a copy of Ministry of Finance’s OM N 7(2)/EV/2016, dated 16.12.2022 circulating Tables of benefits for the period from 01.10.2022 to 31.12.2022 is enclosed herewith for information and necessary action.

Ministry of Finance, Department of Expenditure

O.M.No.7(2)/EV/2016, dated 16.12.2022

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme – 1980 – Tables of Benefits for the savings fund for the period from 01.10.2022 to 31.12.2022.

1. 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 01.10.2022 to 31.12.2022, as worked out by IRDA based on the interest rate of 7.10% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No.5(4)-B(PD)/2021, dated 03.10.2022, 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 01.01.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 01.01.1990 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. 01.01.1990.

3. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these Orders are issued in consultation with the Comptroller and Auditor General of India, as mandated under Article 148(5) of the Constitution of India.

Hindi version of these orders is attached.

Download Railway Board Circular RBE No.32/2023                                            

Forward reference ⇒ RBE No.57/2023,