CGEGIS: RBE No.88/2021 – Central Government Employees Group Insurance Scheme
No.PC-III/2000/GIS/2, dated 03.12.2021
Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund for the period from 01.10.2021 to 31.12.2021.
The Table of Benefits under CGEGIS-1980 for the period 01.07.2021 to 30.09.2021 issued by Ministry of Finance vide their OM dated 22.07.2021 was circulated to Zonal Railways/ Production Units etc. vide letter of even number dated 12.08.2021 (RBE No.62/2021).
In continuation of Board’s letter ibid, a copy of Ministry of Finance’s OM No.7(2)/EV/2016, dated 10.11.2021 circulating Tables of Benefits for the period from 01.10.2021 to 31.12.2021 is enclosed herewith for information and necessary action.
Ministry of Finance
Department of Expenditure
OM No.7(2)/EV/2016, dated 10.11.2021
OFFICE MEMORANDUM
Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the savings fund for the period from 01.10.2021 to 31.12.2021.
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 01.10.2021 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017 for the quarter from 01.10.2021 to 31.12.2021, 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(4)-B(PD)/2021, dated 05.10.2021, 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.
4. Hindi version of these orders is attached.
Download Railway Board Circular RBE No.88/2021
Forward reference ⇒ RBE No.26/2022