Central Government Employees Group Insurance Scheme (CGEGIS) Table of Benefits, Subscription Rates for April to June 2024
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The Central Government Employees Group Insurance Scheme (CGEGIS) is a group insurance scheme designed specifically for central government employees. By contributing a small subscription amount each month, employees are provided with a lump sum insurance coverage.
The scheme originated in the 1970s when the covered sum assured was a substantial amount, available for a mere Rs.10 monthly premium. This traditional policy was a prevalent choice at the time. In contemporary times, numerous insurance companies offer sum assured amounts close to a crore with minimal premium payments through Term Insurance plans. Despite these newer alternatives, the CGEGIS scheme still remains a mandatory option for government employees, although it may not be as appealing as other available options.
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 department of Expenditure published a new benefit table for maturity fund of CGEGIS scheme for central government employees for the months of April, May and June 2024. An illustration can be seen in the case of June 2024, where an entry in 1982 had an accumulated value of 54277.57. This value remained constant with a monthly contribution of Rs.10 until 1889, after which it increased 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
To determine CGEGIS retirement benefits, the maturity amount of savings funds under the CGEGIS Scheme is computed using the most recent benefits table provided by the Finance Ministry. The Department of Expenditure releases a table of savings fund benefits for the scheme quarterly (January to March, April to June, July to September, and October to December). This table specifies the precise maturity amount that will be disbursed to the employee upon retirement. Access our dedicated online tool on the webpage for a convenient calculation process.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
Following the implementation of the 7th Pay Commission, the CGEGIS Contribution rates have been adjusted based on the classification of posts in Groups A, B, C, and D (Group D has been eliminated). The previous subscription rates remain in effect for all Central Government employees until new revised rates are officially announced. The existing subscription rates are 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 |
Note: The monthly subscription rate for former Group D employees who were placed in PB-1 with a Grade Pay of Rs.1800 and reclassified as Group C is set at Rs.30 starting from January 2011.