Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 01.04.2017 to 30.06.2017

To view Ministry of Finance, Department of Expenditure OM No. 7(2)/EV/2016 dated 2nd June 2017, please CLICK HERE. 

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 01.01.2017 to 31.03.2017

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Simplification of procedure for payment of Central Government Employees Group Insurance Scheme (CGEGIS) dues- regarding)

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Central Government Employees Group Insurance Scheme, 1980 - Table of Benefits in respect of Savings Fund accumulations during 01.01.2016 to 31.12.2016

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Central Government Employees Group Insurance Scheme (CGEGIS) -1980 – Tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016.

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CGEGIS IN 7 CPC-NEED MAXIMUM BENEFIT TO CENTRAL GOVT EMPLOYEES

CGEGIS was a scheme which was started especially for the central government employees. It has been in force since January 1, 1982. In this scheme, 70% of the amount deducted from the employees' salary is calculated as savings and 30% as insurance premium.

The savings alone (with interest) is given back to the employees when he/she retires. But when an employee passes away, along with the savings he/she would also get the insurance amount.

Until the 6th CPC, a meagre sum of 30, 60,120 per month were deducted. See below table.

Table 1: Present Rates of CGEGIS

Group	Monthly Deduction	Insurance Amount	No. of Units (for savings)
A	120.00	120000.00	8
B	60.00	60000.00	4
C	30.00	30000.00	2

However, in its recommendations the 7th CPC has suggested that 1500, 2500 and 5000 has to be deducted. This is no doubt a welcome change.

See below table

Recommended Rates of CGEGIS

Level employee	Monthly Deduction	Insurance Amount
10 and above	5000.00	5000000.00
6 to 9	2500.00	2500000.00
1 to 5	1500.00	1500000.00

These days, many insurance companies have introduced Term Insurance plans. In such schemes even for a small premium amount, the policyholder gets coverage for a bigger sum. But the premium paid will not be returned.

The central government can keep 70% of the savings amount with itself. It could have tie-ups with insurance companies that provide maximum coverage, invest the remaining 30% with them and try to provide more benefits to the employees.

This will not only make the job of the central government easier but it will also benefit the families of the central government employees.

At the same time, as implemented in the GPF, the Central Government can give loans to employees when they have an urgent need from the 70% amount that it manages. This will make the employees (joined after 1/1/2004) in the NPS scheme extremely happy.

The CGEGIS can be improved further and the private companies to whom the 30% amount is handed over could be urged to include CGEPHIS plan too within the amount.

Despite such terms, no private company will be ready to lose the large community of central government employees comprising of one crore policyholders (45 lakh employees and 55 lakh pensioners).

For the private insurance companies, the community is a duck that lays golden eggs. Getting more benefits for the money paid by the central government employees has to be the aim.

Review of payment function of Group Insurance of All India Services through E-payment.

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Central Government Employees Group Scheme, 1980 - Table of Benefits in respect of Savings Fund accumulations during 01.01.2015 to 31.12.2015

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Table for Central Government Employees Group Insurance Scheme 1980 - - Tables of Benefits for the savings fund for the period from 1.1.2015 to 31.12.2015

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Group insurance Scheme 1980 tables of Benefits

To view copy of Department of Expenditure memo No. 7(1)/EV/2013 dated 8th January 2014, please CLICK HERE.

 

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME, 1980 - TABLE OF BENEFITS IN RESPECT OF SAVINGS FUND-ACCUMULATIONS DURING 01.01.2013 TO 31.19"20L3 - REG.

To view original memo issued by Postal Directorate vide no. 28-01/2013 dated 17th January 2013, please CLICK HERE. 

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 1.1.2013 to 31.12.2013

To view Ministry of Finance, Department of Expenditure OM No.7(2)/EV/2012 dated 15th January 2013, please CLICK HERE. 

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 1.1.2013 to 31.12.2013

To view Ministry of Finance, Department of Expenditure OM No.7(2)/EV/2012 dated 15th January,2013 please Click,  please CLICK HERE.

RECOGNITION OF PRIVATE HOSPITAL IN GWALIOR FOR TREATMENT OF CENTRAL GOVERNMENT EMPLOYEES UNDER CS(MA) RULES, 1944

To see details of Ministry of Health and Family Welfare, please CLICK HERE.
 

Central Government Employees Group Insurance Scheme (CGEGIS) – Revision of monthly subscription

 

National Federation of Indian Railwaymen (NFIR) demanded to increase the monthly subscription of CGEGI Scheme ten times with corresponding increase of maturity value.

Presently the amount deducted towards in this scheme from the monthly salary of different categories of Central Government employees is as under…

Group ‘C’ – Rs.30
Group ‘B’ – Rs.60
Group ‘A’ – Rs.120

The above rates were prescribed in the year 1990 and thereafter no upward revision has been made. There have been recommendations of 5th and 6th CPC since 1990 but unfortunately no upward revision has been considered by the Government in this direction till date. The federation requested to the Finance Ministry to kindly intervene the deduction of monthly subscription towards CGEGIS is raised ten times with corresponding increase of maturity value.

Courtesy : http://cgstaffnews.com/

Central Government Employees Group Insurance Scheme 1980 - Tables of Benefits for the savings fund for the period from 1.1.2012 to 31.12.2012

To view the Ministry of Finance (Department of Expenditure) OM dated 9th May, 2012 please Click here.

Central Government Employees Group Insurance Scheme 1980,

 

CLICK HERE TO SEE THE OM

CLICK HERE TO SEE THE TABLE.

GOVERNMENT PROPOSED NEW HEALTH SCHEME - CGEPHIS (Central Government Employees & Pensioners Health Insurance Scheme)

Central Government Health Scheme (CGHS) is a scheme for providing health care to serving Central Government employees and their dependant family members. Over the years, the scheme has been extended to cover central government pensioners, their dependant family members and certain other categories like members of parliament and ex-members of parliament, freedom fighters etc. Employees of some select autonomous bodies as also PIB accredited journalists have also been extended CGHS facilities on cost-to-cost basis in Delhi.

Central Government Health Scheme is available in 25 cities [Delhi (including Noida, Gurgaon, Faridabad, and Ghaziabad), Ahemdabad, Allahabad, Bangalore, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Dehradun, Guwahati, Hyderabad, Jabalpur, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Meerut, Mumbai, Nagpur, Patna, Pune, Ranchi, Shillong and Thiruvanthapuram]. Central Government Employees living outside the CGHS areas are entitled to reimbursement for medical attendance and treatment under the Central Services (Medical Attendance) Rules [CS(MA) Rules]. Pensioners of the Central Government are not covered under these rules. At present, Central Government Pensioners living in non-CGHS areas are paid a sum of Rs. 100 p.m. for meeting their medical expenditure. Consequently, there has been a long standing demand from Central Govt. pensioners residing in non CGHS areas for medical services at par with those available to Central Govt. pensioners in CGHS areas. The VIth Pay Commission has recommended the introduction of a health insurance scheme in lieu of the CGHS.

Government of India, therefore, proposes to provide inpatient health care services to their all personnel of the Central Government including All India Service officers, serving and retired, and others who are covered under the existing CGHS (Central Government Health Services) and under CS (MA) Rules [Central services (Medical attendance) Rules] through a Health Insurance Scheme catering to their health care requirements. The proposed scheme shall be on voluntary basis for current set of employees & pensioners but compulsory for future employees & pensioners. The existing CGHS beneficiaries will have an option to avail CGHS facilities for OPD requirements and the insurance scheme for inpatient treatment.

With the introduction of health insurance scheme, the Central Government Employee (existing/ retired) will have the choice to select the best available health facilities for meeting their health care and can get best available treatment in areas in the close proximity. Click here to download expression of interest published by ministry of health.