RBE No. 31/2020: CGEGIS – Tables of Benefit

No.PC-III/2000/GIS/2, dated 13.03.2020

Sub: Central Government employees group Insurance Scheme 1980 tables of benefits for the savings fund for the period from 01.01.2020 to 31.03.2020.

The tables of benefit under CGEGIS-1980 for the period 01.10.2019 to 31.12.2019 issued by Ministry of Finance vide OM dated 11.12.2019 was circulated to Zonal Railways/ Production Units etc vide Board’s letter of even number dated 24.12.2019 (RBE No. 214/2019).

In continuation of Board’s letter ibid (RBE No. 214/2019), a copy of Ministry of Finance OM No.7(2)/EV/2016, dated 05.02.2020 circulating tables of benefits for the period from 01.01.2020 to 31.03.2020 is enclosed herewith for information and necessary action.

Government of India

Ministry of Finance

Department of Expenditure

OM No.7(2)/EV/2016, dated 5^th February, 2020

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund for the period from 01.01.2020 to 31.03.2020.

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 form 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.01.2020 to 31.03.2020, as worked out by IRDA based on the interest rate of 7.9% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their resolution No.5(2)-B(PD)/2019, dated 15.01.2020, 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 rates of subscription w.e.f. 01.01.1990.

3. 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 as mandated under Article 148(5) of the Constitution. (*)

4.     Hindi version of these orders is attached.

(*) Corrigendum of even No. dated 12.02.2020

Download Railway Board Circular RBE No. 31/2020

Forward reference ⇒ RBE No.