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Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017

admin September 16, 2017

Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017

No.7(2)/EV/2016
Government of India
Ministry of Finance
Department of Expenditure

New Delhi, the September 6, 2017

Office Memorandum

Sub: Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017.

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 1.1.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.3.2017, for the quarter from 1.7.2017 to 30.9.2017, as worked out by IRDA based on the interest rate of 7.8% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(1)-B(PD)/2017 dated 17.7.2017, 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. While these orders are in respect of Table of Benefits for the period from 1.7.2017 to 30.9.2017, the Tables already issued for the quarters from 1.1.2017 to 31.3.2017 and from 1.4.2017 to 30.6.2017 are also reproduced for the sake of convenience and consolidation.

4. In their application to the employees of Indian Audit and Accounts Department, these orders are issued after consultation with the Comptroller 8s Auditor General of India.

5. Hindi version of these orders is attached.

(Amar Nath Singh)
Director

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980
Contribution @ Rs.10/- p.m upto 31.12.89 and Rs.15 throughout after 1.1.90
Accoumulated value of contribution from 1st January of year of Entry to the month and year of cessation year of cessation of membership -2017 month of cessation of membership

Year of Entry

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

1982

30757.8

30972

31187.62

31402.1

31617.98

31835.28

32051.38

32268.87

32487.77

1983

28029.14

28225.27

28422.7

28619.09

28816.78

29015.75

29213.64

29412.81

29613.26

1984

25572.18

25752.03

25933.08

26113.2

26294.49

26476.97

26658.46

26841.13

27024.97

1985

23363.54

23528.77

23695.09

23860.57

24027.13

24194.78

24361.53

24529.36

24698.28

1986

21388.62

21540.77

21693.93

21846.32

21999.7

22154.09

22307.67

22462.23

22617.8

1987

19612.36

19752.75

19894.06

20034.68

20176.22

20318.68

20460.4

20603.04

20746.6

1988

18026

18155.88

18286.62

18416.72

18547.68

18679.49

18810.62

18942.61

19075.44

1989

16591.55

16711.93

16833.11

16953.71

17075.09

17197.27

17318.84

17441.18

17564.32

1990

15320.71

15432.67

15545.38

15657.55

15770.46

15884.11

15997.19

16111

16225.55

1991

13620.41

13721.11

13822.48

13923.39

14024.96

14127.19

14228.92

14331.31

14434.37

1992

12115.85

12206.59

12297.93

12388.86

12480.39

12572.52

12664.22

12756.5

12849.39

1993

10771.97

10853.81

10936.19

11018.22

11100.78

11183.89

11266.61

11349.88

11433.68

1994

9582.93

9656.89

9731.35

9805.49

9880.13

9955.25

10030.04

10105.32

10181.08

1995

8525.35

8592.31

8659.72

8726.86

8794.43

8862.45

8930.19

8998.36

9066.98

1996

7587.56

7648.31

7709.46

7770.38

7831.71

7893.43

7954.91

8016.78

8079.05

1997

6749.09

6804.29

6859.85

6915.22

6970.95

7027.04

7082.92

7139.17

7195.77

1998

6009.96

6060.26

6110.9

6161.37

6212.16

6263.29

6314.24

6365.52

6417.13

1999

5346.78

5392.69

5438.91

5484.98

5531.36

5578.03

5624.56

5671.38

5718.51

2000

4762.49

4804.53

4846.85

4889.05

4931.53

4974.28

5016.9

5059.81

5102.98

2001

4242.47

4281.06

4319.91

4358.67

4397.68

4436.94

4476.09

4515.5

4555.16

2002

3780.87

3816.41

3852.19

3887.88

3923.81

3959.97

3996.05

4032.36

4068.9

2003

3356.36

3389.09

3422.03

3454.91

3488.01

3521.32

3554.57

3588.02

3621.69

2004

2974.54

3004.74

3035.14

3065.49

3096.04

3126.79

3157.49

3188.38

3219.47

2005

2621.81

2649.67

2677.42

2705.73

2733.93

2762.31

2790.65

2819.17

2847.88

2006

2295.93

2321.64

2347.51

2373.37

2399.39

2425.58

2451.75

2478.08

2504.58

2007

1994.87

2018.58

2042.45

2066.31

2090.33

2114.5

2138.65

2162.96

2187.43

2008

1716.74

1738.61

1760.62

1782.64

1804.8

1827.1

1849.4

1871.85

1894.44

2009

1459.79

1479.96

1500.26

1520.57

1541.02

1561.6

1582.18

1602.9

1623.75

2010

1222.41

1241

1259.72

1278.46

1297.32

1316.31

1335.31

1354.43

1373.68

2011

1003.1

1020.25

1037.5

1054.79

1072.19

1089.7

1107.24

1124.89

1142.65

2012

800.34

816.14

832.04

847.98

864.03

880.18

896.37

912.66

929.05

2013

614.02

628.59

643.25

657.96

672.76

687.66

702.61

717.64

732.78

2014

443.09

456.52

470.05

483.62

497.28

511.04

524.84

538.72

552.7

2015

286.32

298.71

311.19

323.73

336.35

349.05

361.8

374.64

387.56

2016

142.48

153.92

165.44

177.02

188.68

200.42

212.21

224.08

236.03

2017

10.5

21.07

31.71

42.42

53.19

64.04

74.96

85.94

96.99

 

Note:

Basis Used

From

To

Interest

1.1.82

31.12.82

10%

1.1.83

31.12.86

11%

1.1.87

31.12.00

12%

1.1.01

31.12.01

11%

1.1.02

31.12.02

10%

1.1.03

31.12.03

9.00%

1.1.04

30.11.11

8.00%

 

From

To

Interest*

 

1.12.11

31.03.12

8.60%

 

01.04.2012

31.03.2013

8.80%

 

1.4.2013

31.03.2016

8.70%

 

01.04.2016

30.09.2016

8.10%

 

01.10.2016

31.12.2016

8.00%

 

01.01.2017

31.03.2017

8.00%

 

01.04.2017

30.06.2017

7.90%

 

01.07.2017

30.09.2017

7.80%

 

*interest p.a compounded quarterly

savings Fund: 68.75% from 1.1.82 to 31.12.87
70% from 1.1.88 and onwards

Insurance Fund: 31.25% from 1.1.82 to 31.12.87
30% from 1.1.88 and onwards

 

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980
Contribution @ Rs.10/- throughout
Accoumulated value of contribution from 1st January of year of Entry to the month and year of cessation year of cessation of membership -2017 month of cessation of membership

Year of Entry

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

1982

25649.69

25826.56

26004.6

26181.68

26359.92

26539.33

26717.73

26897.27

27077.98

1983

22923.6

23082.41

23242.28

23401.3

23561.35

23722.46

23882.66

24043.9

24206.18

1984

20464.65

20607.18

20750.66

20893.37

21037.03

21181.62

21325.41

21470.14

21615.8

1985

18258.26

18386.18

18514.94

18643.04

18771.98

18901.75

19030.82

19160.73

19291.47

1986

16277

16391.8

16507.36

16622.33

16738.04

16854.52

16970.37

17086.97

17204.32

1987

14501.46

14604.5

14708.22

14811.42

14915.3

15019.85

15123.85

15228.52

15333.87

1988

12917.53

13010.08

13103.24

13195.94

13289.25

13383.17

13476.6

13570.63

13665.27

1989

11484.75

11567.81

11651.42

11734.62

11818.37

1902.67

11986.54

12070.95

12155.91

1990

10209.51

10284.12

10359.23

10433.99

10506.23

10584.96

10660.32

10736.17

10812.51

1991

9075.84

9142.95

9210.5

9277.74

9345.42

9413.55

9481.34

9549.57

9618.25

1992

8069.92

8130.36

8191.21

8251.78

8312.75

8374.12

8435.2

8496.68

8558.55

1993

7178.95

7233.5

7288.4

7343.07

7398.1

7453.49

7508.62

7564.12

7619.97

1994

6383.79

6433.07

6482.68

6532.07

6581.8

6631.85

6681.68

6731.83

6782.3

1995

5678.05

5722.65

5767.55

5812.27

5857.29

5902.6

5947.72

5993.13

6038.83

1996

5052.14

5092.6

5133.32

5173.9

5214.74

5255.84

5296.79

5337.99

5379.47

1997

4496.48

4533.26

4570.28

4607.18

4644.31

4681.68

4718.92

4756.4

4794.11

1998

4001.5

4035

4068.73

4102.34

4136.17

4170.22

4204.15

4238.3

4272.68

1999

3560.81

3591.39

3622.18

3652.87

3683.76

3714.85

3745.84

3777.04

3808.43

2000

3174.83

3202.86

3231.07

3259.2

3287.52

3316.02

3344.44

3373.04

3401.82

2001

2829.52

2855.26

2881.17

2907.01

2933.02

2959.21

2985.32

3011.6

3038.05

2002

2518.88

2542.56

2566.4

2590.19

2614.13

2638.22

2662.26

2686.46

2710.81

2003

2238.74

2260.56

2282.53

2304.46

2326.53

2348.75

2370.92

2393.23

2415.69

2004

1983.03

2003.16

2023.43

2043.66

2064.03

2084.53

2104.99

2125.59

2146.31

2005

1747.87

1766.45

1785.15

1803.82

1822.62

1841.54

1860.43

1879.45

1898.59

2006

1530.62

1547.76

1565.01

1582.24

1599.59

1617.05

1634.5

1652.05

1669.72

2007

1329.91

1345.72

1361.63

1377.54

1393.55

1409.66

1425.77

1441.98

1458.29

2008

1144.49

1159.07

1173.75

1188.43

1203.2

1218.07

1232.94

1247.9

1262.96

2009

973.19

986.64

1000.17

1013.71

1027.34

1041.06

1054.79

1068.6

1082.5

2010

814.94

827.34

839.81

852.31

864.88

877.54

890.21

902.96

915.79

2011

668.74

680.16

691.67

703.19

714.79

726.47

738.16

749.93

761.77

2012

533.56

544.09

554.7

565.32

576.02

586.79

597.58

608.44

619.37

2013

409.35

419.06

4428.84

438.64

448.51

458.44

468.4

478.43

488.52

2014

295.39

304.35

313.36

322.41

331.52

340.69

349.89

359.15

368.47

2015

190.88

199.14

207.46

215.82

224.23

232.7

241.2

249.76

258.37

2016

94.99

102.61

110.29

118.02

125.79

133.61

141.47

149.39

157.35

2017

7

14.05

21.14

28.28

35.46

42.69

49.97

57.29

64.66

 

Note:

Basis Used

From

To

Interest*

1.1.82

31.12.82

10%

1.1.83

31.12.86

11%

1.1.87

31.12.00

12%

1.1..01

31.12.01

11%

1.1.02

31.12.02

9.50%

1.1.03

31.12.03

9.00%

1.1.04

30.11.11

8.00%

 

From

to

Interest*

 

1.12.11

31.03.12

8.60%

 

01.04.2012

31.03.2013

8.80%

 

1.4.2013

31.03.2016

8.70%

 

01.04.2016

30.09.2016

8.10%

 

01.10.2016

31.12.2016

8.00%

 

01.01.2017

31.03.2017

7.90%

 

01.04.2017

30.06.2017

7.90%

 

01.07.2017

30.09.2017

7.80%

 

* Interest p.a compounded quarterly

savings Fund: 68.75% from 1.1.82 to 31.12.87
70% from 1.1.88 and onwards

Insurance Fund: 31.25% from 1.1.82 to 31.12.87
30% from 1.1.88 and onwards

Signed Copy

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