CGEGIS-1980 – Tables of Benefits for the savings fund for the year 01.10.2019 to 31.12.2019

CGEGIS-1980 – Tables of Benefits for the savings fund for the year 01.10.2019 to 31.12.2019

CGEGIS-1980 – Tables of Benefits for the savings fund for the year 01.10.2019 to 31.12.2019

No. 7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the 11th December, 2019

OFFICE MEMORANDUM

Sub: Central Government Employees Group Insurance Scheme-1980 – Tables of Benefits for the savings fund for the period from 01.10.2019 to 31.12.2019.

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 from 01.01.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.03.2017, for the quarter from 01.10.2019 to 31.12.2019, 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 21.10.2019, 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 1.1.1982 to 31.12.1989 and Rs.15 p.m. w.e.f. 1.1.1990 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 rate of subscription w.e.f. 1.1.1990.

3. While these orders are in respect of Table of Benefits for the period from 01.10.2019 to 31.12.2019, the Tables already issued for the first quarter, second quarter and third quarter i.e. for the period 01.01.2019 to 30.09.2019 are also reproduced for the sake of convenience and consolidation.

4. In their application to the employees of Indian Audit and Accounts Department, these orders are issued after consultation with the Comptroller & Auditor General of India.

5. Hindi version of these orders is attached.

(Amar Nath Singh)
Director

To
1. All Ministries/ Department of the Central Government as per standard list.

2. Copy with spare copies for information and necessary action to C&AG, UPSC, all State
Government etc. as per standard list.


CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

Contribution @ Rs.10/- P.M. upto 31.12.89 and Rs.15 throughout after 1.1.90

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

Year of cessation of membership – 2019

Month of cessation of membership

Year of Entry Jan Feb Mar April May June July Aug Sept Oct Nov Dec
1982 36159.31 36409.28 36660.91 36914.2 37169.17 37425.83 37681.12 37938.07 38196.7 38457.02 38719.05 38982.79
1983 32975.54 33204.43 33434.84 33666.76 33900.23 34135.24 34369 34604.29 34841.12 35079.5 35319.43 35560.94
1984 30108.8 30318.7 30529.99 30742.68 30956.78 31172.3 31386.68 31602.46 31819.66 32038.27 32258.32 32479.8
1985 27531.79 27724.62 27918.74 28114.13 28310.83 28508.82 28705.78 28904.03 29103.58 29304.43 29506.59 29710.08
1986 25227.48 25405.06 25583.81 25763.74 25944.87 26127.19 26308.58 26491.15 26674.91 26859.88 27046.05 27233.45
1987 23154.97 23318.82 23483.75 23649.78 23816.9 23985.14 24152.51 24320.98 24490.55 24661.23 24833.02 25005.94
1988 21304.02 21455.61 21608.21 21761.81 21916.44 22072.08 22226.94 22382.82 22539.71 22697.63 22856.58 23016.58
1989 19630.33 19770.84 19912.28 20054.65 20197.97 20342.23 20485.78 20630.26 20775.7 20922.08 21069.42 21217.72
1990 18147.53 18278.22 18409.77 18542.19 18675.49 18809.67 18943.2 19077.59 19212.87 19349.03 19486.08 19624.03
1991 16163.65 16281.19 16399.52 16518.63 16638.53 16759.22 16879.33 17000.23 17121.92 17244.4 17367.69 17491.78
1992 14408.15 14514.07 14620.69 14728.02 14836.06 14944.81 15053.06 15162.01 15271.68 15382.06 15493.17 15605
1993 12840.13 12935.66 13031.83 13128.64 13226.08 13324.18 13421.82 13520.11 13619.04 13718.61 13818.84 13919.72
1994 11452.77 11539.12 11626.04 11713.53 11801.61 11890.27 11978.54 12067.38 12156.81 12246.82 12337.42 12428.61
1995 10218.81 10296.98 10375.68 10454.89 10534.63 10614.9 10694.83 10775.27 10856.25 10937.75 11019.79 11102.37
1996 9124.6 9195.53 9266.93 9338.8 9411.15 9483.98 9556.51 9629.51 9702.99 9776.95 9851.4 9926.33
1997 8146.29 8210.74 8275.62 8340.93 8406.67 8472.84 8538.76 8605.11 8671.89 8739.11 8806.76 8874.86
1998 7283.88 7342.62 7401.75 7461.27 7521.18 7581.49 7641.58 7702.06 7762.93 7824.21 7885.88 7947.96
1999 6510.1 6563.71 6617.68 6672.01 6726.7 6781.75 6836.6 6891.82 6947.39 7003.33 7059.64 7116.31
2000 5828.35 5877.45 5926.88 5976.63 6026.71 6077.12 6127.37 6177.94 6228.85 6280.09 6331.67 6383.58
2001 5221.6 5266.68 5312.06 5357.74 5403.72 5450.01 5496.15 5542.6 5589.35 5636.41 5683.77 5731.45
2002 4683.01 4724.53 4766.32 4808.38 4850.73 4893.35 4935.86 4978.64 $021.70 5065.05 5108.68 5152.59
2003 4187.7 4225.93 4264.42 4303.16 4342.16 4381.42 4420.57 4459.99 4499.66 4539.59 4579.78 4620.23
2004 3742.2 3777.49 3813 3848.76 3884.75 3920.97 3957.12 3993.5 4030.12 4066.98 4104.08 4141.42
2005 3330.63 3363.19 3395.96 3428.96 3462.16 3495.59 3528.96 3562.54 3596.34 3630.36 3664.6 3699.07
2006 2950.41 2980.45 3010.69 3041.12 3071.76 3102.61 3133.4 3164.39 3195.59 3226.99 3258.6 3290.41
2007 2599.14 2626.85 2654.75 2682.83 2711.1 2739.55 2767.97 2796.57 2825.36 2854.34 2883.51 2912.87
2008 2274.62 2300.18 2325.91 2351.82 2377.89 2404.14 2430.37 2456.76 2483.33 2510.07 2536.99 2564.08
2009 1974.81 1998.39 2022.12 2046.02 2070.07 2094.27 2118.47 2142.83 2167.34 2192.02 2216.86 2241.85
2010 1697.84 1719.58 1741.47 1763.5 1785.68 1808.01 1830.33 1852.8 1875.42 1898.19 1921.1 1944.17
2011 1441.95 1462 1482.19 1502.5 1522.95 1543.54 1564.13 1584.86 1605.73 1626.73 1647.87 1669.15
2012 1205.37 1223.85 1242.46 1261.19 1280.04 1299.02 1318.01 1337.13 1356.38 1375.75 1395.25 1414.87
2013 987.98 1005.03 1022.18 1039.45 1056.83 1074.33 1091.86 1109.5 1127.26 1145.13 1163.12 1181.23
2014 788.54 804.26 820.08 836.02 852.05 868.19 884.37 900.66 917.05 933.55 950.15 966.87
2015 605.62 620.13 634.74 649.44 664.24 679.14 694.08 709.12 724.26 739.5 754.83 770.27
2016 437.79 451.19 464.68 478.25 491.92 505.68 519.49 533.38 547.37 561.45 575.63 589.89
2017 283.8 296.18 308.64 321.18 333.81 346.52 359.29 372.14 385.07 398.09 411.19 424.38
2018 141.93 153.37 164.88 176.47 188.14 199.89 211.7 223.58 235.54 247.58 259.7 271.9
2019 10.5 21.07 31.71 42.4190759 53.2 64.05 74.97127 85.96 97.02 108.16 119.37 130.65
Read also :  Revision of Interest Rates for Small Savings Schemes - SB Order No. 15/2020

Note:

Basic Used

From To interest*
1.1.82 31.12.82 10%
1.1.83 31.12.86 11%
1.1.87 31.12.00 12%
1.1.01 31.12.01 11%
1.1.02 31.12.02 9.50%
1.1.03 31.12.03 9.00%
1.1.04 30.11.11 8.00%
1.12.11 31.03.12 8.60%
From To Interest*
01.04.2012 31.03.2013 8.80%
1.4.2013 31.03.2016 8.70%
01.04.2016 30.09.2016 8.70%
01.10.2016 31.12.2016 8.70%
01.01.2017 31.03.2017 8.00%
01.04.2017 30.06.2017 7.90%
01.07.2017 31.12.2017 7.80%
01.01.2018 30.09.2018 7.60%
1.10.2018 31.12.2018 8.00%
1.1.2019 31.3.2019 8.00%

* Interest p.a compounded quarterly

From To Interest*
01.04.2019 30.06.2019 8.00%
1.7.2019 30.9.2019 7.90%
1.10.2019 31.12.2019 7.90%

Savings Fund : 68.75% from 1.1.82 to 31.12.87

70% fro 1.1.88 and onwards

Insurance Fund : 31.25% from 1.1.82 to 31.12.87

30% from 1.1.88 and onwards

 

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

Contribution @ Rs.10/- throughout

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

Year of cessation of membership – 2019

Month of cessation of membership

Year of Entry Jan Feb Mar April May June July Aug Sept Oct Nov Dec
1982 30108.72 30315.12 30522.89 30732.03 30942.56 31154.49 31365.25 31577.39 31790.93 32005.85 32222.19 32439.93
1983 26927.96 27113.29 27299.86 27487.66 27676.7 27866.99 28056.26 28246. 76 28438.5 28631.5 28825.77 29021.3
1984 24058.89 24225.23 24392.66 24561.21 24730.87 24901.65 25071.52 25242.5 25414.6 25587.82 25762.18 25937.68
1985 21484.51 21633.79 21784.07 21935.34 22087.61 22240.89 22393.35 22546.82 22701.28 22856. 76 23013.25 23170.77
1986 19172.81 19306.78 19441.65 19577.4 19714.06 19851.62 19988.46 20126.19 20264.82 20404.37 20544.82 20686.19
1987 17101.13 17221.39 17342.44 17464.29 17586.95 17710.43 17833.26 17956.9 18081.35 18206.61 18332.69 18459.59
1988 15253.02 15361.03 15469.77 15579.22 15689.39 15800.3 15910.64 16021.7 16133.49 16246.01 16359.27 16473.27
1989 13581.27 13678.22 13775.8 13874.04 13972.92 14072.46 14171.5 14271.19 14371.53 14472.52 14574.18 14676.5
1990 12093.34 12180.43 12268.1 12356.35 12445.18 12534.6 12623.58 12713.15 12803.29 12894.03 12985.37 13077.3
1991 10770.6 10848.93 10927.78 11007.15 11087.05 11167.47 11247.51 11328.08 11409.17 11490.79 11572.94 11655.64
1992 9596.9 9667.45 9738.48 9809.97 9881.94 9954.39 10026.49 10099.07 10172.12 10245.65 10319.67 10394.16
1993 8557.33 8621 8685.1 8749.62 8814.56 8879.94 8945.02 9010.52 9076.46 9142.82 9209.62 9276.85
1994 7629.55 7687.08 7744.99 7803.28 7861.96 7921.03 7979.83 8039.03 8098.6 8158.57 8218.93 8279.69
1995 6806.1 6858.17 6910.59 6963.36 7016.47 7069.94 7123.18 7176.77 7230.71 7285 7339.65 7394.65
1996 6075.79 6123.03 6170.58 6218.45 6266.63 6315.13 6363.44 6412.06 6460.99 6510.25 6559.83 6609.74
1997 5427.46 5470.41 5513.64 5557.15 5600.95 5645.05 5688.97 5733.18 5777.68 5822.46 5867.55 5912.92
1998 4849.93 4889.05 4928.43 4968.07 5007.97 5048.13 5088.15 5128.43 5168.97 5209.78 5250.85 5292.2
1999 4335.73 4371.45 4407.4 4443.59 4480.02 4516.69 4553.23 4590.01 4627.03 4664.29 4701.8 4739.55
2000 3885.38 3918.11 3951.06 3984.23 4017.62 4051.22 4084.72 4118.44 4152.37 4186.53 4220.91 4255.52
2001 3482.47 3512.54 3542.8 3573.26 3603.93 3634.79 3665.57 3696.54 3727.72 3759.1 3790.69 3822.48
2002 3120.02 3147.69 3175.53 3203.56 3231.78 3260.18 3288.51 3317.02 3345.71 3374.59 3403.66 3432.93
2003 2793.16 2818.65 2844.32 2870.16 2896.17 2922.35 2948.46 2974.74 3001.2 3027.83 3054.63 3081.61
2004 2494.8 2518.32 2542 2565.84 2589.83 2613.98 2638.08 2662.33 2686.75 2711.32 2736.05 2760.95
2005 2220.42 2242.13 2263.98 2285.97 2308.11 2330.4 2352.64 2375.02 2397.56 2420.24 2443.07 2466.05
2006 1966.94 1986.96 2007.12 2027.42 2047.84 2068.41 2088.93 2109.6 2130.39 2151.33 2172.4 2193.61
2007 1732.76 1751.23 1769.83 1788.55 1807.4 1826.37 1845.31 1864.38 1883.58 1902.89 1922.34 1941.91
2008 1516.41 1533.45 1550.61 1567.88 1585.26 1602.76 1620.24 1637.84 1655.55 1673.38 1691.33 1709.39
2009 1316.54 1332.26 1348.08 1364.01 1380.04 1396.18 1412.32 1428.55 1444.9 1461.35 1477.9 1494.57
2010 1131.89 1146.39 1160.98 1175.67 1190.45 1205.34 1220.22 1235.2 1250.28 1265.46 1280.73 1296.11
2011 961.3 974.67 988.12 1001.67 1015.3 1029.03 1042.76 1056.58 1070.49 1084.49 1098.58 1112.77
2012 803.58 815.9 828.31 840.79 853.36 866.01 878.67 891.42 904.25 917.17 930.17 943.25
2013 658.65 670.02 681.45 692.97 704.56 716.22 727.91 739.67 751.51 763.42 775.41 787.49
2014 525.69 536.17 546.72 557.34 568.03 578.8 589.58 600.44 611.37 622.36 633.43 644.58
2015 403.75 413.42 423.16 432.96 442.83 452.76 462.72 472.75 482.84 493 503.22 513.51
2016 291.86 300.79 309.78 318.84 327.95 337.12 346.32 355.59 364.92 374.3 383.75 393.26
2017 189.2 197.45 205.76 214.12 222.54 231.01 239.53 248.09 256.71 265.39 274.13 282.92
2018 94.62 102.24 109.92 117.65 125.43 133.26 141.13 149.05 157.03 165.06 173.14 181.27
2019 7 14.05 21.14 28.28 35.47 42.7 49.98 57.31 64.68 72.11 79.58 87.1

Note:

Basis Used

From To interest*
1.1.82 31.12.82 10%
1.1.83 31.12.86 11%
1.1.87 31.12.00 12%
1.1.01 31.12.01 11%
1.1.02 31.12.02 9.50%
1.1.03 31.12.03 9.00%
1.1.04 30.11.11 8.00%
1.12.11 31.03.12 8.60%
From To Interest*
01.04.2012 31.03.2013 8.8%
1.4.2013 31.03.2016 8.70%
01.04.2016 30.09.2016 8.70%
01.10.2016 31.12.2016 8.70%
01.01.2017 31.03.2017 8.00%
01.04.2017 30.06.2017 7.90%
01.07.2017 31.12.2017 7.80%
01.01.2018 30.09.2018 7.60%
1.10.2018 31.12.2018 8.00%
1.1.2019 31.3.2019 8.00%

* Interest p.a compounded quarterly

From To Interest*
01.04.2019 30.06.2019 8.00%
1.7.2019 30.9.2019 7.90%
1.10.2019 31.12.2019 7.90%

Savings Fund : 68.75% from 1.1.82 to 31.12.87

70% fro 1.1.88 and onwards

Insurance Fund : 31.25% from 1.1.82 to 31.12.87

30% from 1.1.88 and onwards

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