Group Insurance Scheme: RBE No.128/2023 – Tables of Benefits 01.10.2023 to 31.12.2023

No.PC-III/2000/GIS/2, dated 16.11.2023

Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund for the period from 01.10.2023 to 31.12.2023.

The Table of Benefits under CGEGIS-1980 for the period 01.07.2023 to 30.09.2023 issued by Ministry of Finance vide their OM Dated 30.08.2023, was circulated to Zonal Railways/ Production Units etc. vide Board’s letter of even number dated 20.09.2023/ RBE-109/2023.

In continuation of Board’s letter ibid, a copy of Ministry of Finance’s OM No.7(I)/EV/2023, dated 25.10.2023 circulating Tables of benefits for the period from 01.10.2023 to 31.12.2023 is enclosed herewith for information and necessary action.

Ministry of Finance

Department of Expenditure

O.M.No.7(1)/EV/2023, dated 25.10.2023

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.10.2023 to 31.12.2023.

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 01.10.2023 to 31.12.2023, as worked out by IRDA based on the interest rate of 7.1% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No.5(3)-B(PD)/2023, dated 04.10.2023, 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 tndian Audit and Accounts Department are concerned, these Orders are issued in consultation with the Comptroller and Auditor General of lndia, as mandated under Article 148(5) of the Constitution of India.

4. Hindi version of these orders is attached.

Central Government Employees Group Insurance Scheme-1980

Contribution @Rs.10/- P.M. upto 31.12.1989 and Rs.15 throughout after 01.01.1990

Accumulated value of contribution from 1st January of year of Entry to the month and year of cessation

Year of cessation of membership-2023

Month of cessation of membership

Year of entryJanFebMarAprilMayJuneJulyAugSeptOctNovDec
198248957.6749256.1449556.3649858.3550162.1250467.6742168.2242423.2542679.7942937.8343197.3943458.48
198344698.2144971.6245246.6545523.2945801.5646081.4637760.3637989.4738219.9238451.7338684.9138919.45
198440862.8741113.7341366.0641619.8741875.1842131.9933784.4533990.1734197.1034405.2534614.6234825.22
198537415.1737645.7537877.6838110.9738345.6438581.6930216.9030401.6430587.4630774.3830962.3931151.51
198634332.3134544.7534758.4434973.3935189.6035407.0927013.3827179.2727346.1427513.9927682.8327852.66
198731559.5531755.6931952.9732151.4232351.0132551.8224142.4824291.4924441.3724592.1424743.7924896.33
198829083.2329264.8029447.4329631.1429815.9330001.8121581.3921715.3321850.0621985.5922121.9022259.03
198926844.0527012.4427181.8327352.2127573.6027695.9919264.7119385.0319506.0519627.7819750.2319873.40
199024860.2525016.9825174.6325333.2125492.7225653.1617202.7517310.9417419.7617529.2317639.3317750.09
199122206.0722347.1922489.1322631.9122775.5322920.6015369.7215467.1215565.1015663.6515762.7915862.50
199219857.4419984.7420112.7920241.5920371.1520501.4813743.2213831.0513919.4114008.2814097.6814187.60
199317759.6317874.5917990.2338106.5518223.5518341.2412302.6012381.9712461.8012542.1012622.8712704.12
199415903.5316007.5716112.2316217.5016323.3916429.9111016.9011088.7011160.9211233.5711306.6411380.15
199514252.6414346.9814441.8714537.3114633.3214729.909875.769940.8510006.3310072.1810138.4310205.06
199612788.7412874.4612960.6913047.4313134.6713222.438863.728922.868982.349042.189102.369162.90
199711479.8911557.9111636.4011715.3411794.7511874.637965.278019.138073.298127.788182.598237.72
199810326.1010197.3310468.9910541.0710613.5710686.507164.937214.087263.517313.237363.257413.56
19999290.879356.029421.569487.479553.789620.476452.376497.326542.546588.026633.786679.80
20008378.788438.578498.708559.198620.048681.245828.285869.565911.095952.855994.876037.13
20017567.077622.037677.377733.027789.017845.375269.935307.935346.155384.605423.275462.17
20026846.476897.246948.316999.687051.367103.334767.664802.704837.954873.414909.074944.95
20036181.806230.686277.836325.256372.966420.944314.694347.074379.644412.404445.354478.50
20045587.795631.165674.785718.665762.795807.193901.233931.183961.303991.604022.084052.74
20055037.165077.295117.665158.265199.105240.183521.003548.713576.593604.623632.833661.19
20064528.474565.604602.964640.534678.334716.353169.733195.373221.173247.113273.213299.47
20074058.514092.894127.464162.244197.224232.412845.202868.942892.812916.832940.982965.28
20083624.353656.173688.173720.373752.753785.322545.392567.362589.472611.702634.062656.55
20093223.253252.713282.343312.143342.133372.282268.412288.762309.222329.802350.512371.33
20102852.692879.972907.412935.012962.772990.702012.532031.372050.322069.372088.552107.83
20112510.352535.622561.032586.602612.312638.181776.131793.581811.131828.781846.541864.40
20122193.812217.242240.782264.462288.282312.241557.561573.721589.981606.331622.781639.32
20131903.001924.691946.511968.461990.542012.751356.731371.711386.771401.931417.181432.51
20141636.161656.291676.531696.891717.371737.921172.471186.361200.341214.401228.541242.77
20151391.451410.131428.911447.831466.851485.981003.481016.381029.361042.411055.541068.75
20161166.931184.281201.741219.311236.981254.76848.43860.42872.48884.61896.81909.09
2017960.89977.04993.291009.631026.071042.61706.16717.31728.53739.82751.17762.59
2018771.09786.12801.24816.46831.76847.15575.09585.47595.92606.42616.99627.62
2019595.25609.26623.34637.51651.76666.09453.67463.34473.07482.85492.69502.59
2020412.63445.67458.29471.99485.27498.62341.37350.38359.44368.55377.72386.94
2021281.89294.05306.28318.58330.95343.40237.28245.68254.12262.62271.16279.76
2022141.42152.75164.15175.62187.15198.75140.28148.11155.98163.89171.86179.87
202310.5021.0631.6942.3753.1263.9349.8757.1764.5071.8879.3186.77
Note
Basic used
FromToInterest*FromToInterest*FromToInterest*
01.01.198231.12.198210%01.04.201231.03.20138.80%01.04.201930.06.20198.00%
01.01.198331.12.198611%01.04.201331.03.20168.70%01.07.201930.09.20197.90%
01.01.198731.12.200012%01.04.201630.09.20168.70%01.10.201931.12.20197.90%
01.01.200131.12.200111%01.10.201631.12.20168.70%01.01.202031.03.20207.90%
01.01.200231.12.20029.50%01.01.201731.03.20178.00%01.04.202031.12.20227.10%
01.01.200331.12.20039.00%01.04.201730.06.20177.90%01.01.202331.03.20237.10%
01.01.200430.11.20118.00%01.07.201731.12.20177.80%01.04.202330.06.20237.10%
01.12.201131.03.20128.60%01.01.201830.09.20187.60%01.07.202330.09.20237.10%
   01.10.201831.12.20188.00%01.10.202331.12.20237.10%
   01.01.201931.03.20198.00%   
*interest p.a. compounded quarterlySavings Fund68.75% from 01.01.1982 to 31.12.1987
  70% from 01.01.1988 and onwards
   Insurance Fund31.25% from 01.01.1982 to 31.12.1987
    30% from 01.01.1988 onwards

Central Government Employees Group Insurance Scheme-1980

Contribution @Rs.10/- throughout

Accumulated value of contribution from 1st January of year of Entry to the month and year of cessation

Year of cessation of membership-2023

Month of cessation of membership

Year of entryJanFebMarAprilMayJuneJulyAugSeptOctNovDec
198240669.0340915.2541162.9141412.0341662.6241914.6850775.0251084.1851395.1651707.9752022.6152339.11
198336413.5936634.7736857.2637081.0537306.1637532.6046363.0146646.2246931.0947217.6447505.8747795.80
198432575.1532773.7532973.5333174.4833376.6133579.9342390.3142650.1542911.5243174.4243438.8843704.88
198529130.9529309.3029488.7029669.1529850.6730033.2538819.1339057.9639298.2039539.8639782.9340027.43
198626038.2026198.3626359.4626521.5026684.5026848.4635625.8535845.9036067.2536289.9036513.8536739.13
198723265.5723410.4223555.1223700.6723847.0823994.3532753.7932956.9533161.3033366.8633573.6233781.60
198820794.0320923.3421053.4121184.2521315.8521448.2330188.7830376.8530566.0330756.3230947.7231140.26
198918557.4518673.6118709.4418907.9719026.1919145.1027869.4028043.8328219.2828395.7728573.2928751.86
199016566.7916671.2416776.3016881.9816988.2817095.2025814.5625976.9026140.1926304.4526469.6726635.87
199114797.1314891.1714985.7615080.9115176.6115272.8823065.3123211.4823358.5123506.4123655.1723804.81
199213226.8713311.6713396.9713482.7713569.0813655.8920632.5720764.4320897.0621030.4821164.6821299.67
199311836.0711912.6911989.7612067.2912145.2712223.7018459.6318578.7118698.4918818.9718904.1619062.07
199410594.8210664.1410733.8610804.0010874.5510945.5116537.0516644.8216753.2216862.2616971.9517082.28
19959493.149555.989619.199682.779746.739811.0614827.0414924.7515023.0415121.9015221.3515321.38
19968516.098473.198630.618688.388746.488804.9113310.7013399.5013488.8113578.6513669.0213759.92
19977648.717700.707753.007805.607858.517911.7411954.9812035.8012117.0912198.8612281.1212363.85
19986876.046923.496971.217019.227067.517116.0810759.8610833.6510907.8710982.5311057.6311133.17
19996188.126231.526275.176319.086363.256407.689687.569755.049822.929891.209959.8810028.97
20005585.615625.465665.555705.885746.445787.248742.808804.738867.028929.678992.709056.09
20015046.575083.255120.155157.275194.605232.167901.977958.958016.278073.928131.918190.24
20024561.664595.494629.524663.754698.184732.827155.617208.207261.107314.317367.837421.67
20034124.354155.614187.054218.684250.504282.506469.216517.766566.606615.736665.146714.84
20043725.193754.103783.193812.443841.863871.465851.855896.725941.955987.416033.126079.11
20053358.113384.863411.773438.843466.073493.455281.505323.075364.885406.935449.245491.79
20063018.983043.743068.643093.693118.893144.234754.594793.064831.754870.674909.824949.20
20072705.682726.592751.642774.832798.152821.614267.804303.414339.224375.244411.484447.93
20082416.232437.442458.782480.242501.832523.553818.093851.053884.203917.543951.093984.83
20092148.832168.472183.232208.102228.082248.193402.623433.133463.833494.703525.763557.00
20101901.791919.981938.271956.671975.181993.803018.793047.053075.473104.063132.823161.75
20111673.571690.411707.361724.401741.541758.792664.202690.372716.692743.172769.812796.60
20121462.561478.161493.851509.641525.521541.492336.342360.582384.972409.502434.172458.99
20131268.671283.131297.681312.311327.031341.832035.092057.562080.162102.902125.772148.77
20141090.781104.191117.691131.261144.921158.651758.701779.541800.511821.601842.811864.15
2015927.63940.09952.62965.22977.90990.651505.221524.571544.041563.621583.321603.13
2016777.94789.52801.16812.87824.65836.511272.641290.621308.721326.911345.221363.63
2017640.60651.36662.19673.09684.05695.071059.241075.971092.801109.731126.761143.88
2018514.06524.08534.16544.31554.51564.77862.64878.21893.88909.63925.48941.43
2019396.84406.17415.56425.00434.50444.06680.51695.01709.60724.27739.03753.88
2020288.42297.11305.86314.66323.51332.42512.06525.57539.16552.83566.58580.42
2021187.93196.01204.19212.39220.64228.93355.92368.51381.18393.92406.74419.63
202294.28101.84109.44117.08124.77132.50210.42222.16233.97245.84257.79269.80
20237.0014.0421.1228.2535.4142.6274.8185.7596.75107.82118.96130.16
Note
Basic used
FromToInterest*FromToInterest*FromToInterest*
01.01.198231.12.198210%01.04.201231.03.20138.80%01.04.201930.06.20198.00%
01.01.198331.12.198611%01.04.201331.03.20168.70%01.07.201930.09.20197.90%
01.01.198731.12.200012%01.04.201630.09.20168.70%01.10.201931.12.20197.90%
01.01.200131.12.200111%01.10.201631.12.20168.70%01.01.202031.03.20207.90%
01.01.200231.12.20029.50%01.01.201731.03.20178.00%01.04.202031.12.20227.10%
01.01.200331.12.20039.00%01.04.201730.06.20177.90%01.01.202331.03.20237.10%
01.01.200430.11.20118.00%01.07.201731.12.20177.80%01.04.202330.06.20237.10%
01.12.201131.03.20128.60%01.01.201830.09.20187.60%01.07.202330.09.20237.1%
   01.10.201831.12.20188.00%01.10.202331.12.20237.10%
   01.01.201931.03.20198.00%   
*interest p.a. compounded quarterlySavings Fund68.75% from 01.01.1982 to 31.12.1987
  70% from 01.01.1988 and onwards
   Insurance Fund31.25% from 01.01.1982 to 31.12.1987
    30% from 01.01.1988 onwards

Download Railway Board Circular RBE No.128/2023

Forward reference ⇒ RBE No.

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