CGEGIS Scheme 2024: Updated Benefit Chart for Central Govt. Employees
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The Table of Benefits and Subscription Rates for the CGEGIS Scheme in 2024 have been established for the convenience of Central Government Employees. This scheme, tailored specifically for this group, ensures that by making modest monthly contributions, employees gain access to a lump sum insurance coverage.
Introduced in the 1970s, the scheme initially provided a substantial sum assured for a nominal premium of just Rs.10 per month, making it a popular choice at that time. While modern insurance companies now offer significant sum assured values nearing a crore through Term Insurance plans with minimal premiums, the CGEGIS scheme remains a compulsory selection for government employees, despite facing competition from more enticing alternatives.
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
In April, May, and June of the year 2024, the Department of Expenditure unveiled an updated benefit chart detailing the maturity fund of the CGEGIS scheme tailored for central government staff. For instance, let’s examine the scenario in June 2024, where a starting entry made back in 1982 reflected an accrued sum of 54277.57. This sum stayed unaltered as a monthly deposit of Rs.10 was consistently made until 1889, at which point it was raised 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 current benefits table issued by the Finance Ministry. The Department of Expenditure updates the savings fund benefits table every quarter (January to March, April to June, July to September, and October to December), outlining the exact amount that retiring employees will receive. For a hassle-free calculation process, utilize our specialized online tool available on our website.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
After the 7th Pay Commission was put into action, the CGEGIS Contribution rates were modified according to the categorization of positions in Groups A, B, C, and D (Group D has been removed). The current subscription rates will continue for all Central Government staff until fresh revised rates are formally disclosed. 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, the revised monthly subscription fee for individuals previously classified as Group D employees, subsequently reassigned to Group C with a Grade Pay of Rs.1800, has been established at Rs.30 per month.