Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund for the period from 1.1.2019 to 31.03.2019
No. 7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, 11th February 2019
OFFICE MEMORANDUM
Sub: Central Government Employees Group Insurance Scheme 1980 – Tables of Benefits for the savings fund for the period from 1.1.2019 to 31.03.2019
The Tables of Benefits for Savings fund to the beneficia ries 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 01.01.2019 to 31.03.2019, as worked out by IRDA based on the interest rate of 8% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(1) -B(PD) / 2018 dated 03.01.2019, 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.f. 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 their application to the employees of Indian Audit and Accounts Department, these orders are issued after consultation with the Comptroller & Auditor General of India.
Sd-
(Amar Nath Singh)
Director
To
- All Ministries/Department of the Central Government as per standard list.
- Copy with spare copies for information and necessary action to C&AG, UPSC, all State Government etc. as per standard list.
- NIC, Department of Expenditure – for uploading the same on the website of Ministry of Finance, Department of Expenditure.
Source : DoE
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