CGEGIS Scheme 2024: Updated Benefit Chart for Central Government Workers
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 (CGEGIS), tailored to cater to the needs of central government employees. Through regular, modest contributions, employees can secure a significant lump sum insurance coverage.
Introduced in the 1970s, the scheme initially provided a substantial sum assured for a nominal monthly premium of just Rs.10, making it a popular choice back then. In contrast, present-day insurance market offerings include policies with assured sums nearing a crore, obtainable through Term Insurance plans with minimal premium commitments. Despite these contemporary alternatives, the CGEGIS scheme continues to be a compulsory avenue for government employees, albeit less attractive compared to newer choices 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
The Expenditure department recently released an updated benefit chart detailing the maturity fund of the CGEGIS scheme applicable to central government employees during April, May, and June 2024. For instance, in June 2024, a specific case from 1982 shows an accrued amount of 54277.57. The sum remained steady with a monthly deposit of Rs.10 until 1889, when 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 latest benefits table issued by the Finance Ministry. The Department of Expenditure updates the savings fund benefits table for the scheme every quarter (covering 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, make use of our specialized online tool available on the website.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
After the 7th Pay Commission came into effect, modifications were made to the CGEGIS Contribution rates, aligning them with the categorization of positions in Groups A, B, and C (Group D has been removed). The current subscription rates will continue to apply to all Central Government employees until updated rates are formally released. The current subscription rates are outlined as follows:
| 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 informed that as of January 2011, the revised monthly subscription fee for ex-Group D staff members who have transitioned to Group C after being placed in PB-1 with a Grade Pay of Rs.1800 is established at Rs.30.