Tables of Benefits for Central Government Employees Group Insurance Scheme, 1980 for the year ending 31.12.2010

Railway Board Letter No

PC-III/2000/GIS/2 dated 05.01.2010

Date

2010-01-05

RBE No

02/2010

Circular Subject

Central Government Employees Group Insurance Scheme, 1980 – Tables of Benefits for the Savings Fund For the period from 1.1.2010 to 31.12.2010

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1. The undersigned is directed to refer to this Ministry’s O.M. No. 7(2)/EV/2008 dated 22^nd December, 2008 forwarding therewith Tables of Benefits under CGEGIS for the year 2009. New Tables of Benefits for the savings fund of the Scheme based on a subscription of 10 per month from 1.1.1982 to 31.12.1989 and 15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2010 and a copy of the table is enclosed. Another Table of Benefits for the savings fund based on a subscription of 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 2010 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 @.10/- P.M. upto 31.12.89 and 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 - 2010
Month of cessation of membership
Year of Entry	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
1982	16378	16499	16618	16737	16859	16981	17106	17227	17354	17478	17606	17732
1983	14866	14977	15085	15196	15307	15418	15532	15646	15760	15874	15989	16106
1984	13504	13605	13705	13807	13908	14012	14115	14218	14322	14428	14534	14642
1985	12282	12374	12466	12559	12653	12747	12842	12937	13034	13131	13229	13325
1986	11184	11270	11356	11441	11527	11613	11702	11788	11877	11968	12056	12149
1987	10200	10280	10357	10437	10517	10598	10678	10757	10840	10923	11006	11090
1988	9323	9396	9468	9541	9615	9688	9764	9840	9915	9990	10068	10145
1989	8528	8597	8664	8732	8799	8868	8937	9005	9078	9148	9220	9290
1990	7821	7886	7948	8011	8076	8138	8203	8268	8334	8400	8465	8532
1991	6881	6938	6994	7051	7108	7166	7224	7283	7341	7400	7462	7519
1992	6045	6097	6147	6198	6250	6303	6355	6406	6460	6513	6568	6623
1993	5302	5350	5395	5441	5488	5535	5582	5629	5678	5725	5775	5822
1994	4643	4686	4727	4769	4810	4853	4895	4939	4981	5025	5069	5113
1995	4057	4095	4132	4170	4208	4246	4287	4324	4364	4403	4442	4483
1996	3537	3570	3605	3639	3674	3708	3745	3779	3814	3850	3886	3924
1997	3073	3103	3136	3168	3198	3231	3262	3294	3327	3360	3393	3424
1998	2662	2692	2718	2747	2776	2804	2836	2864	2894	2922	2952	2984
1999	2298	2323	2349	2374	2401	2426	2455	2481	2508	2535	2562	2589
2000	1971	1995	2020	2044	2068	2092	2117	2141	2166	2190	2215	2240
2001	1685	1706	1727	1750	1772	1794	1817	1839	1863	1885	1908	1930
2002	1429	1448	1468	1485	1505	1527	1547	1568	1592	1613	1633	1655
2003	1194	1212	1231	1250	1268	1287	1306	1325	1344	1365	1384	1402
2004	982	999	1016	1033	1050	1068	1085	1103	1121	1139	1157	1175
2005	786	802	818	833	849	866	882	898	915	931	948	965
2006	605	620	635	649	664	679	694	709	724	740	755	770
2007	439	452	465	479	493	507	520	534	548	562	577	591
2008	284	297	309	322	334	347	360	373	386	399	412	425
2009	142	153	165	177	188	200	212	224	236	248	260	272
2010	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	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	31.12.10	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

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980
Contribution @ 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 - 2010
Month of cessation of membership
Year of Entry	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
1982	13775	13873	13969	14069	14170	14269	14372	14474	14577	14680	14783	14887
1983	12262	12351	12438	12528	12617	12708	12798	12889	12981	13075	13169	13263
1984	10897	10978	11056	11139	11217	11298	11380	11462	11545	11630	11712	11797
1985	9676	9748	9817	9891	9962	10035	10109	10182	10255	10331	10406	10482
1986	8578	8644	8708	8770	8835	8901	8967	9033	9099	9166	9234	9302
1987	7595	7651	7710	7768	7825	7885	7943	8003	8063	8122	8182	8243
1988	6716	6767	6819	6872	6924	6975	7030	7082	7137	7189	7245	7300
1989	5922	5968	6015	6060	6107	6156	6202	6251	6298	6346	6395	6446
1990	5216	5257	5300	5340	5382	5425	5468	5511	5555	5598	5642	5686
1991	4589	4625	4662	4702	4740	4777	4816	4855	4893	4933	4971	5010
1992	4032	4064	4098	4133	4168	4202	4236	4270	4305	4341	4375	4411
1993	3537	3565	3596	3628	3659	3690	3720	3751	3784	3815	3847	3880
1994	3096	3123	3150	3178	3207	3235	3263	3290	3320	3347	3377	3406
1995	2706	2729	2754	2779	2804	2831	2855	2881	2907	2933	2959	2985
1996	2358	2380	2404	2426	2449	2472	2495	2518	2541	2565	2588	2612
1997	2049	2070	2090	2111	2131	2153	2173	2195	2216	2237	2258	2281
1998	1776	1793	1812	1831	1850	1868	1888	1908	1927	1948	1967	1986
1999	1531	1549	1566	1584	1601	1617	1633	1651	1670	1688	1706	1724
2000	1316	1330	1347	1362	1378	1396	1411	1427	1445	1460	1477	1493
2001	1123	1137	1153	1166	1181	1196	1210	1227	1242	1257	1271	1288
2002	951	965	978	991	1005	1019	1032	1046	1060	1074	1088	1103
2003	796	808	821	833	846	858	871	884	897	909	923	936
2004	654	666	677	689	700	712	723	735	747	759	771	783
2005	524	535	545	556	566	577	588	599	610	621	632	643
2006	404	413	423	433	443	453	463	473	483	493	503	514
2007	292	301	310	319	329	338	347	356	366	375	384	394
2008	190	198	206	215	223	231	240	249	257	266	275	284
2009	95	102	110	118	126	133	141	149	157	165	173	181
2010	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	31.12.10	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

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