No. 7(1)/EV/2023
Government of India
Ministry of Finance
Department of Expenditure
E-V Branch
New Delhi, the 2, if eeorunsy, 2024
OFFICE MEMORANDUM
Sub: Central Government Employees Group Insurance Scheme-1980 - Tables of
Benefits for the savings fund for the period from 01.01.2024 to 31.03.2024.
The Tables of Benefits for Savings Fund to the beneficiaries under the Central
Government Employees Group Insurance Scheme-1980, which are being issued on a
quarterly basis from 01.01.2017 onwards, as brought out in this Ministry’s OM of even
number dated 17.03.2017, for the quarter from 01.01.2024 to 31.03.2024, as worked out by
IRDA based on the interest rate of 7.1% per annum (compounded quarterly) as notified by
the Department of Economic Affairs as per their Resolution No. 5(3)-B(PD)/2023 dated
02.01.2024, are enclosed.
2. The Tables enclosed are of two categories as per the existing practice. As hitherto,
the first Table of Benefits for the savings fund of the scheme is based on the subscription of
Rs.10 p.m, from 1.1.1982 to 31.12.1989 and Rs.15 p.m. w.e. 1.1.1990 onwards. The second
Table of Benefits for savings fund is based on a subscription of Rs.10 p.m. for those
employees who had opted out of the revised rate of subscription w.e.f. 1.1.1990.
3. In so far as the persons serving in the Indian Audit and Accounts Department are
concerned, these Orders are issued in consultation with the Comptroller and Auditor
General of India, as mandated under Article 148(5) of the Constitution of India,
4. Hindi version of these orders is attached.
adhan)
nt of India
(Gulv.
Deputy Secretary to the Gove
To
1. All Ministries / Department of the Central Government as per standard list.
2. Copy with spare copies for information and necessary action to C&AG, UPSC, all State
Government ete. as per standard list.#. 701)/$-v/2023
ARG WHT
fara are
eae faa
$verar
ag feect, a) peat, 2024
corer Teer
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& fae wae A & oat A aR
dete want aefartt gag dtr atorat-1980 & savia, antes wed Pear err
Bais 02.01.2024 a aad Famer F. 5(3)-AHEY/2023 & sq aaa 7.1% A
afte cara ax (feemet ara ox amie) & anure oe dtr fae ed ore oder
(aTS3iRSE) ERT 01.01.2024 F 31.03.2024 HM fae & fav, arent & fae dae A ag
aaa fafa & onat ht ereferan, st gar aiarerr & 17.03.2017 & warieen wratee aoe
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Contrution @ Rs. 10f-thouthout
‘ecumulated valu of contribution frm ist nuaty of year of ry tothe month ad year f cessation
‘Year of cession f membership - 2024
982
05
1926
197
1998
1399
1957
188
1996.
2000,
Baas Used
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a
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oxa02015,
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082017
9.072017
o.o.208
1102018
12019
May
0
31032003
30082016
L226
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30052017
2122017
3.052018
2208
310.209
a
7%
am
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2.07%
750%
70%
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2.00%
008
* meres pa compounded auarery
Month ol exstion of membee
uy
ae
14209
aaazns
naze0
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14203
@
saszo9 am
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a2 750%
aim2m 790%
n032023 7.10%
wos203 7.10%
paos20s 7.0%
puo3zoae 7.10%
Smvings Fund
75% from 1.142 10311287
Tarn 11.98 ac cowards
Snaswlrom 1142 %0 311287
oi rom #188 a8 onwars
®‘CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1880,
Contribution @ Rs. 10/- P.M upto 31.12 9 and R18 throughout ater 3.3.90
‘Accumuated value f contain fom ist anwar lye Eni tothe month and yea of esation
Year of exation ot meniversip- 2024
on aceon Sri
Tt [ome | mm | vot | vo | me | ow | aw [ mm | on | nw | oe
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se | avon —ssaas| a
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ar | soecia soos i903.
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ise saz col srl ses 3
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iso9 | “Soom al ovens] to
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oi snc] — 0773 1
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Sois—| asi] oes aaa
foie [assessor]
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ton [tata sre ot
Fr a TE ET
Note
sues
Tee Su ox drown 308203 Ram ep osz0 "8008
hiss nis rr Tamm 3103206 870% tr e520 750%
ie niew tx iouaoss anon2n1s ame Linaois sao 190%
hia sizer is otinaose aizzmi6 ae liz) 10m 750%
ha ine sso ciouze sion? aa Tanow auizze2 110%
fies Grizes som i0zo:7 anoszair 750% times stow 710
fies oun sane ciorao 323017 780% taza soem 10%
tun Hon sae ieiams 20052018 760% trans orm 10%
tiowis stizz0ia 00% Tingo:s stoszem 730%
Show 3101201 boo
“eta compounded ete Seing tind: 67% fom 1149031287
Sox an nwa
inarancernd: aso 91287
rom 11 88a onwards
@