CGEGIS Scheme 2024: Updated Benefit Chart for Central Govt. Workers
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The Central Government Employees Group Insurance Scheme (CGEGIS) presents a structured benefits table and subscription rates for the year 2024. This insurance scheme caters specifically to central government employees, aiming to provide them with a lump sum insurance coverage through modest monthly contributions.
Introduced in the 1970s, the CGEGIS originally offered a significant sum assured for a nominal monthly premium of Rs.10, making it a popular choice during that era. In today’s landscape, various insurance providers extend sum assured values nearing a crore at affordable premium rates under Term Insurance schemes. Despite the emergence of these contemporary alternatives, the CGEGIS scheme retains its status as a compulsory offering for government employees, albeit facing competition from more enticing options available in the market.
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
In April, May, and June 2024, the Department of Expenditure released an updated benefit chart detailing the maturity fund of the CGEGIS scheme available to central government employees. For instance, let’s take a look at the June 2024 scenario, where an initial entry from 1982 showed an accumulated value of 54277.57. This amount stayed the same while a monthly contribution of Rs.10 was made until 1889, at which point 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 periodically publishes a benefits table for the scheme every quarter, detailing the exact amount that employees will receive upon retirement. For a hassle-free calculation process, 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 was put into action, changes were made to the CGEGIS Contribution rates, depending on the categorization of positions into Groups A, B, C, and D (Group D has been removed). Until the updated rates are formally declared, the original subscription rates will continue for all Central Government staff. The current subscription rates are as listed below:
| 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 advised that as of January 2011, individuals formerly classified as Group D employees, subsequently placed in PB-1 with a Grade Pay of Rs.1800, and reclassified as Group C, will be subject to a monthly subscription fee of Rs.30.