CGEGIS Scheme 2024: Table of Benefits & Subscription Rates for April-June 2024
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The Table of Benefits and Subscription Rates for the CGEGIS Scheme in 2024 outlines the provisions for Central Government Employees Group Insurance Scheme. Tailored exclusively for central government staff, this scheme entails a modest monthly subscription to secure a lump-sum insurance coverage.
Originating in the 1970s, the scheme initially provided a significant sum assured for a nominal Rs.10 premium per month, making it a popular choice back then. In contrast to the past, contemporary insurance market offers include sum assured values nearing a crore with minimal premium commitments under Term Insurance schemes. Notwithstanding these modern alternatives, the CGEGIS scheme retains its obligatory status for government employees, albeit lacking the allure of newer options available.
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 table for the maturity fund of the CGEGIS scheme has been released by the department of Expenditure for central government employees, covering April, May, and June 2024. Let’s delve into an example from June 2024: an initial entry from 1982 showed an accumulated value of 54277.57, which persisted while a monthly contribution of Rs.10 was made until 1889, at which point it rose 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 CGEGIS retirement benefits involves determining the maturity amount of savings funds based on the latest benefits table from the Finance Ministry. The Department of Expenditure updates the savings fund benefits table quarterly – for each period from January to March, April to June, July to September, and October to December. This table outlines the exact maturity amount that retiring employees will receive. Visit our specialized online tool on the website for a user-friendly calculation experience.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
After the 7th Pay Commission took effect, modifications were made to the CGEGIS Contribution rates according to the categorization of positions in Groups A, B, and C (Group D has been removed). The current subscription fees will continue for Central Government employees until updated rates are formally released. The current subscription fees are outlined 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, individuals previously classified as Group D employees and later reclassified as Group C employees under PB-1 with a Grade Pay of Rs.1800 will be subject to a monthly subscription fee of Rs.30 for their membership.