CGEGIS Scheme 2024: Benefits & Subscription Rates 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 outline the provisions for the Central Government Employees Group Insurance Scheme, tailored specifically for individuals working within the central government sector. Through the regular allocation of a modest subscription fee on a monthly basis, employees gain access to a comprehensive lump sum insurance coverage.
Originating in the 1970s, this scheme initially provided a considerable sum assured for a nominal monthly premium of Rs.10, establishing itself as a popular choice during that era. While contemporary times have ushered in a plethora of insurance providers offering substantial sum assured benefits reaching up to a crore through Term Insurance schemes at minimal premiums, the CGEGIS scheme continues to stand as a compulsory avenue for government employees, albeit facing stiffer competition from other 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 2024, the Department of Expenditure unveiled an updated benefit chart for the maturity fund of the CGEGIS scheme intended for central government workers. A notable example is evident in the scenario of June 2024, where an initial entry in 1982 displayed a sustained value of 54277.57. This figure persisted unaltered with a monthly deposit of Rs.10 until the year 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 using the latest benefits table from the Finance Ministry. The Department of Expenditure publishes a quarterly schedule of savings fund benefits for the scheme, covering periods from January to March, April to June, July to September, and October to December. This schedule outlines the exact amount that retiring employees will receive. For an effortless calculation process, utilize our specialized online tool available on the website.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
After the 7th Pay Commission was enforced, adjustments were made to the CGEGIS Contribution rates according to the categorization of positions into Groups A, B, C, and D (Group D has been removed). The current subscription rates will persist for all Central Government staff members until fresh revised rates are formally declared. The prevailing 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, individuals previously classified as Group D employees and reassigned to Group C status after being placed in PB-1 with a Grade Pay of Rs.1800 will be subject to a monthly subscription fee of Rs.30.