CGEGIS Scheme 2024: Updated Benefit Chart for Govt Employees
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The CGEGIS Scheme Table of Benefits and Subscription Rates for 2024 showcase the unique insurance initiative tailored for central government workers. Through consistent monthly contributions, employees gain access to a lump sum insurance cover.
Originating in the 1970s, the scheme initially provided a significant sum assured at a nominal Rs.10 premium per month, making it a popular choice back then. Presently, various insurance providers offer substantial sum assured values up to a crore with low premium commitments under Term Insurance schemes. Despite the emergence of these modern alternatives, the CGEGIS scheme remains a compulsory selection for government staff, even though it may not possess the same allure as newer options.
Table of Contents
CGEGIS Scheme 2024 Overview
| Topic | CGEGIS Scheme Table of Benefit Table |
| Department | Department of Expenditure |
| Scheme | Central Govt Employees Group Insurance Scheme |
| Beneficiaries | Central Govt Employees |
| Table Effect From | April to June 2024 |
| Published on | 9.7.2024 |
| Interest Rate | 7.1% |
| Official Portal | doe.gov.in |
| Home Page | Click Here |
Latest CGEGIS Scheme Benefit Table 2024
A fresh benefit chart for the maturity fund of the CGEGIS scheme has been released by the Department of Expenditure, specifically tailored for central government employees for the upcoming months of April, May, and June in the year 2024. An example showcasing the changes can be observed in June 2024. For instance, an initial entry dating back to 1982 displayed a steady accumulation value of 54277.57. This figure persisted without alteration with a monthly input of Rs.10 until the year 1889, at which point it surged to Rs.15.
| CGEGIS Table from Apri to Jun 2024 | PDF Download |
| CGEGIS Table from Jan to Mar 2024 | PDF Download |
Calculate CGEGIS Retirement Benefits – Step-by-Step Guide
Calculating retirement benefits under the CGEGIS Scheme involves determining the maturity amount of savings funds based on the latest benefits table issued by the Finance Ministry. The Department of Expenditure updates the savings fund benefits table every quarter, covering periods from January to March, April to June, July to September, and October to December. This table outlines the specific maturity amount that retiring employees will receive. For a hassle-free calculation process, make use of our specialized online tool available on the website.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
After the 7th Pay Commission was introduced, changes were made to the CGEGIS Contribution rates, taking into account the categorization of positions into Groups A, B, and C (Group D has been removed). Until the new revised rates are formally released, the current subscription fees will continue to apply to all Central Government staff. The current subscription rates are detailed below:
| Group | Old Rates | Revised Rates (Before Enrolment) | Revised Rates (After Enrolment) |
| A | 80 | 40 | 120 |
| B | 40 | 20 | 60 |
| C | 20 | 10 | 30 |
| D | 10 | 5 | 15 |
Please be advised that as of January 2011, ex-Group D staff members who have been transitioned to Group C after being placed in PB-1 with a Grade Pay of Rs.1800 will be charged a monthly subscription fee of Rs.30.