CGEGIS Scheme 2024: Benefits & Subscription Rates Guide
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The 2024 CGEGIS Scheme presents a comprehensive overview of benefits and subscription rates designed specifically for central government employees in need of group insurance. This plan, crafted to meet their unique needs, enables employees to obtain a lump sum insurance payout by contributing a small monthly fee.
Launched in the 1970s, the scheme began with an attractive offering—providing a considerable assured amount for a mere Rs.10 per month, making it a favored option at the time. Today, while numerous insurance companies present alluring Term Insurance plans with high assured sums approaching one crore for minimal premiums, the CGEGIS scheme remains a mandatory choice for government workers, though it may not hold the same appeal as the newer offerings in the market.
CGEGIS Scheme 2024 Overview: Key Insights & Details
| 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 |
CGEGIS Scheme 2024 Overview: Key Insights & Details
To figure out retirement benefits under the CGEGIS Scheme, you need to assess the savings fund’s final amount using the most recent benefits table provided by the Finance Ministry. The Department of Expenditure refreshes this benefits table every three months, reflecting various timeframes during the year. This table specifies the precise sum that employees will obtain upon retirement. For a smooth and straightforward calculation, take advantage of our dedicated online tool accessible on the website.
| 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
To figure out retirement benefits through the CGEGIS Scheme, one must assess the maturity amount of savings using the most recent benefits table provided by the Finance Ministry. The Department of Expenditure refreshes this benefits table every three months, reflecting the intervals of January to March, April to June, July to September, and October to December. This table specifies the precise maturity sum that employees will obtain upon retirement. For a smooth calculation experience, take advantage of our dedicated online tool accessible on the website.
Revised CGEGIS Subscription Rates for Categories A-D
“Following the implementation of the 7th Pay Commission, the contribution rates for CGEGIS were adjusted based on the classification of roles within Groups A, B, C, and D (note that Group D has been eliminated). The existing subscription rates will remain in place for all Central Government employees until new rates are officially announced. Below are the details of the current subscription rates:”
| 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 |
“Kindly note that starting January 2011, a monthly fee of Rs.30 has been introduced for former Group D employees who have moved up to Group C, now placed in PB-1 with a Grade Pay of Rs.1800.”