RBE No.199/2017: Central Government Employees Group Insurance Scheme
RBE No.199/2017: Central Government Employees Group Insurance Scheme
No.PC-III/2000/GIS/2, dated 19.12.2017
Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for Savings fund for the period from 01.10.2017 to 31.12 2017.
1. The Table of Benefits under CGEGIS-1980 for the period 01.07.2017 to 30.09.2017 issued by Ministry of Finance vide their OM dated 06.09.2017 was circulated to Zonal Railways / Production Units etc. vide Board’s letter of even numbers dated 24.10.2017. (RBE No.153/2017)
2. In continuation to Board’s letter ibid, a copy a copy of Ministry of Finance’s OM No.7(2)/EV/2016, dated 23.11.2017 circulating Tables of Benefits for the period from 01.10.2017 to 31.12.2017 is enclosed herewith for information and necessary action.
Ministry of Finance
Department Of Expenditure
O.M.No. 7(2)/EV/2016, dated 06.09.2017
Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings fund for the period from 01.10.2017 to 31.12.2017.
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 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 01.10.2017 to 31.12 2017, as worked out by IRDA based on the interest rate of 7.8 % per annum (compounded quarterly) as notified by the department of Economic Affairs as per their resolution No.5(1)-B(PD)/2017, dated 23.10.2017, are enclosed.
2. The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for 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. While these orders are in respect of Table of Benefits for the period from 01.10.2017 to 31.12.2017, the Tables already assured for the quarters from 01.01.2017 to 31.03.2017, 01.04.2017 to 30.06.2017 and from 01.07.2017 to 30.09.2017 are also reproduced for the sake of convenience and consolidation.
4. In their application to the employees of Indian Audit and Accounts Department these orders are issued after consultation with the Comptroller and Auditor General of India.
Download Railway Board Circular RBE No.199/2017
Forward reference ⇒ RBE No. 49/2018