Central Government Employees Group Insurance Scheme Tables of Benefits upto 31.12.2009

Railway Board Letter No
PC-III/2000/GIS/2 dated 15.01.2009
Date
RBE No
11/2009
Circular Subject
Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 1.1.2009 to 31.12.2009

1.            The undersigned is directed to refer to this Ministry’s O.M. No. 7(3)/EV/2007 dated 18th December, 2007 forwarding therewith Tables of Benefits under CGEGIS for the year 2008.  New Tables of Benefits for the savings fund of the Scheme based on  a subscription of Rs. 10 per month from 1.1.1982 to 31.12.1989 and Rs. 15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2009 and a copy of the table is enclosed.  Another Table of Benefits for the savings fund based on a subscription of    Rs. 10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990 have also been drawn up for the year 2009 and a copy of that table  is also enclosed.  The amounts in the Tables have been worked out on the basis of interest @ 10% per annum (compounded quarterly) for the period from 1.1.1982 to 31.12.1982.  11% per annum (compounded quarterly) w.e.f. 1.1.1983 to  31.12.1986, 12 % per annum (compounded quarterly) w.e.f. 1.1.1987 to 31.12.2000, 11% per annum (compounded quarterly) w.e.f. 1.1.2001 to 31.12.2001, 9.5% per annum (compounded quarterly) w.e.f. 1.1.2002 to 31.12.2002 and  9.0% per annum (compounded quarterly) w.e.f. 1.1.2003 to 31.12.2003 and 8% per annum (compounded quarterly) w.e.f. 1.1.2004 onwards.  The mortality rate under the Scheme has been taken as 3.75 per thousand per annum upto 31.12.1987 and 3.60 per thousand per annum thereafter in both the cases.  While calculating the amount it has been assumed that the subscription has been recovered or will be recovered from the salary of the month in which a member ceases to be in service failing which it should be deducted from accumulated amounts payable.

 

 2.        In  its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consultation with the Comptroller and Auditor General of India.

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SSCHEME 1980

 

 

 

 

 

Contribution @ Rs.10/- P.M. upto 31.12.89 and Rs.15/- throughout after 01.01.90

 

 

 

 

 

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

 

 

 

                                                                                 Year of cessation of membership - 2009

 

 

 

 

                                                                                      Month of cessation of membership

 

 

 

 

Year of Entry

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1982

15010

15122

15232

15341

15454

15567

15682

15795

15911

16027

16145

16261

1983

13613

13716

13815

13918

14021

14123

14229

14334

14439

14544

14651

14759

1984

12355

12448

12541

12635

12728

12824

12919

13014

13111

13209

13307

13406

1985

11226

11311

11396

11482

11569

11655

11743

11831

11921

12010

12101

12190

1986

10211

10291

10370

10449

10528

10608

10690

10770

10852

10936

11018

11103

1987

9302

9377

9448

9521

9595

9670

9744

9817

9894

9971

10047

10125

1988

8493

8559

8626

8694

8762

8830

8899

8970

9039

9109

9181

9251

1989

7757

7821

7883

7946

8008

8072

8135

8199

8266

8330

8397

8462

1990

7105

7165

7222

7281

7340

7398

7457

7518

7579

7639

7700

7762

1991

6237

6289

6340

6393

6446

6499

6553

6608

6661

6716

6773

6826

1992

5464

5512

5558

5605

5653

5702

5750

5798

5847

5896

5947

5997

1993

4778

4821

4863

4906

4949

4993

5036

5080

5125

5168

5214

5258

1994

4169

4208

4246

4286

4323

4362

4402

4442

4481

4522

4562

4603

1995

3627

3662

3697

3732

3767

3802

3840

3874

3911

3947

3983

4021

1996

3147

3177

3210

3241

3273

3305

3339

3371

3403

3436

3469

3504

1997

2718

2746

2776

2806

2833

2864

2893

2922

2953

2983

3014

3043

1998

2338

2366

2390

2417

2443

2470

2499

2525

2553

2579

2607

2636

1999

2002

2026

2049

2072

2079

2121

2147

2172

2197

2221

2246

2271

2000

1701

1723

1745

1768

1790

1812

1835

1857

1881

1902

1926

1949

2001

1436

1455

1475

1496

1517

1537

1557

1578

1600

1620

1642

1663

2002

1199

1217

1235

1251

4270

1290

1309

1328

1350

1369

1388

1409

2003

982

999

1017

1034

1051

1068

1086

1103

1121

1140

1158

1175

2004

786

802

818

833

849

866

882

898

915

931

948

965

2005

605

620

635

649

664

679

694

709

724

740

755

770

2006

439

452

465

479

493

507

520

534

548

562

577

591

2007

284

297

309

322

334

347

360

373

386

399

412

425

2008

142

153

165

177

188

200

212

224

236

248

260

272

2009

11

21

32

42

53

64

75

86

97

108

119

131

NOTE

 

 

 

 

 

 

 

 

 

 

 

 

Basis Used

 

 

 

 

 

 

 

 

 

 

 

From

To

Interest*

 

From

To

Interest*

 

Saving Fund:

68.75% from 1.1.82 to 31.12.87

1.1.82

31.12.82

 

 

1.1.03

31.12.03

9.00%

 

 

 

70% from 1.1.88 and onwards

1.1.83

31.12.86

 

 

1.1.04

31.12.09

8.00%

 

 

 

 

 

 

1.1.87

31.12.00

 

 

 

 

 

 

Insurance Fund: 31.25% from 1.1.82 to 31.12.87

1.1.01

31.12.01

 

 

 

 

 

 

 

30% from 1.1.88 and onwards.

 

1.1.02

31.12.02

 

 

*Interest p.a.compounded quarterly

 

 

 

 

 

= = == = = = = = = =            = = == = = = = = = =              = = == = = = = = = =           = = == = = = = = = =           = = == = = = = = = =         = = == = = = 

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

 

 

 

 

 

Contribution @ Rs.10/- P.M. throughout 

 

 

 

 

 

 

 

 

 

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

 

 

 

                                                                                 Year of cessation of membership - 2009

 

 

 

 

                                                                                      Month of cessation of membership

 

 

 

 

Year of Entry

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

1982

12645

12736

12836

12917

13010

13102

13197

13291

13386

13481

13576

13673

1983

11248

11330

11410

11494

11575

11660

11743

11827

11912

11999

12086

12172

1984

9987

10062

10134

10210

10282

10357

10433

10509

10585

10664

10739

10818

1985

8859

8925

8989

9057

9123

9190

9258

9326

9394

9464

9533

9604

1986

7845

7905

7964

8022

8082

8142

8204

8264

8326

8387

8450

8513

1987

6936

6988

7042

7096

7149

7204

7257

7313

7369

7423

7478

7535

1988

6124

6171

6219

6268

6316

6364

6414

6462

6513

6561

6612

6663

1989

5391

5433

5477

5518

5561

5607

5649

5694

5738

5782

5827

5874

1990

4738

4776

4816

4853

4892

4931

4971

5011

5052

5091

5132

5172

1991

4159

4192

4227

4263

4298

4333

4369

4405

4440

4477

4512

4548

1992

3644

3674

3706

3738

3770

3802

3833

3865

3897

3930

3961

3994

1993

3187

3213

3242

3271

3300

3328

3357

3385

3416

3444

3474

3504

1994

2779

2805

2830

2856

2882

2908

2934

2959

2987

3012

3039

3066

1995

2419

2441

2464

2487

2510

2535

2557

2581

2605

2629

2653

2677

1996

2098

2118

2140

2160

2182

2203

2224

2246

2267

2289

2310

2333

1997

1812

1832

1850

1870

1888

1909

1927

1948

1967

1986

2006

2027

1998

1561

1576

1593

1611

1629

1646

1664

1683

1700

1719

1736

1754

1999

1334

1350

1366

1383

1399

1414

1428

1445

1462

1479

1495

1512

2000

1136

1148

1164

1178

1192

1209

1223

1238

1254

1269

1284

1299

2001

957

970

985

997

1010

1025

1038

1053

1067

1080

1094

1109

2002

798

811

823

835

848

861

873

886

899

912

925

938

2003

655

666

678

689

701

712

724

736

748

760

772

784

2004

524

535

545

556

566

577

588

599

610

621

632

643

2005

404

413

423

433

443

453

463

473

483

493

503

514

2006

292

301

310

319

329

338

347

356

366

375

384

394

2007

190

198

206

215

223

231

240

249

257

266

275

284

2008

95

102

110

118

126

133

141

149

157

165

173

181

2009

7

14

21

28

35

43

50

57

65

72

80

87

NOTE

 

 

 

 

 

 

 

 

 

 

 

 

Basis Used

 

 

 

 

 

 

 

 

 

 

 

From

To

Interest*

 

From

To

Interest*

 

Saving Fund:

68.75% from 1.1.82 to 31.12.87

1.1.82

31.12.82

10%

 

1.1.03

31.12.03

9.00%

 

 

 

70% from 1.1.88 and onwards

1.1.83

31.12.86

11%

 

1.1.04

31.12.09

8.00%

 

 

 

 

 

 

1.1.87

31.12.00

12%

 

 

 

 

 

Insurance Fund: 31.25% from 1.1.82 to 31.12.87

1.1.01

31.12.01

11%

 

 

 

 

 

 

30% from 1.1.88 and onwards.

 

1.1.02

31.12.02

9.50%

 

*Interest p.a.compounded quarterly