Central Government Employees Group Insurance Scheme (CGEGIS) Table of Benefits, Subscription Rates 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.
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CGEGIS Scheme 2024 Overview
| Title of Tool | CGEGIS Scheme Table of Benefit Calculator |
| Beneficiaries | Central Govt Employees |
| Feature | Current Month Benefit |
| Published on | 1.7.2017 |
| Updated on | 1.1.2022 |
| Inputs | Select the Month and Year of Subscription Started |
| Outputs | Fund Benefit on Both Schemes |
| Developed by | TEUT Digital Concepts |
The Central Government Employees Group Insurance Scheme is a comprehensive program designed to provide financial security and savings for employees. Under this scheme, a portion of an employee’s monthly contributions is credited to a Savings Fund that not only secures their future but also accrues interest over time. Upon joining government service, employees are required to submit an application in Form No. 4 to their Head of Office, who will then issue a sanction for the payment of the subscriber’s accumulation in the Savings Fund, along with the accrued interest.
As employees progress in their careers and eventually retire, arrangements are made for the disbursement of the accumulated funds, ensuring a comfortable transition into retirement. The payment structure for this Scheme is based on the Table of Benefits issued by the Department of Expenditure, taking into account the interest accrued up to the date of cessation of service. Additionally, in case of the subscriber’s untimely demise, insurance cover benefits are made available to their grieving family members, providing a measure of financial support during challenging times.
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.