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CGEGIS Table Benefit Calculator

CGEGIS Table Benefit Calculator for Central Government Employees 2021

Check the maturity amount (Final Payment of Retirement) of Central Government Employees General Insurance Scheme (CGEGIS) for the months of October, November and December 2021.

CGEGIS Savings Benefit Calculator
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Central Government Employees Group Insurance Scheme Calculator is used for finding the benefit of the fund value of the particular period. The CGEGIS Table Calculator for searching the maturity value of the fund in any previous period. CGEGIS Calculation Table 2019 available here in pdf format.

What is CGEGIS?

Central Government Employees Group Insurance Scheme (CGEGIS) is one of the savings with a secure plan for all groups of Central Government Employees. The scheme is mandatory and if an employee dies in service, the amount of insurance coverage provided to the nominee of the employee.

CGEGIS is intended to provide for the Central Government employees, at a meager amount and on a wholly contributory and self-financing basis, the double benefits of an insurance cover to help their families in the event of a death in service and a lump-sum payment to augment their resources on retirement.

How to calculate CGEGIS retirement benefit?

The maturity amount of savings fund in the CGEGIS Scheme is calculated based on the latest benefits table issued by the Finance Ministry. Every three months (January to March, April to June, July to September and October to December) the Department of Expenditure issued a table of benefits of savings fund in the scheme. According to the table of benefits the exact maturity amount granting to the employee at the time of retirement. Click to calculate through our exclusive online free tool given on the webpage.

7th Pay Commission Recommendations on CGEGIS

Subsequent to the implementation of the 3rd CPC recommendations, Central Government Employees’ Group Insurance Scheme (CGEGIS) was notified in 1980 and came into force w.e.f. 1 January 1982.

The scheme serves the twin objectives of (a) providing a lump-sum amount to the families in case of an employee’s death and (b) a lump-sum payment to the employee on cessation of employment, both on a wholly contributory and self-financing basis.

Present Rates of CGEGIS

CGEGIS Subscription Rates after 7th Pay Commission: The old subscription rates only continued for all Central Govt employees. The Govt not yet decided and published new revised rates of subscription for CGEGIS. The old subscription rate table is given below:

7th Pay Level 1 to Level 5: Rs. 30

7th Pay Level 6 to Level 9: Rs. 60

7th Pay Level 10 and above: Rs. 120

CGEGIS comprises a Savings Fund and an Insurance Fund in the ratio 70:30. The present rates of deduction, insured amount and savings units are as follows:

Table 1: Present Rates of CGEGIS

Group Monthly Deduction (Rs.) Insurance Amount (Rs.) No. of Units (for Savings)
A 120 1,20,000 8
B 60 60,000 4
C 30 30,000 2

The value, in Rs., of each unit (for Savings), is published by the Ministry of Finance every year in the form of Tables of Benefits, and the total amount is worked out using the same depending upon when the employee joined the scheme and the year/month of cessation of membership.

Upon employee’s exit from the scheme, only the Savings amount, as applicable on the concerned date, is payable. In case of the demise of the employee, the Savings amount applicable on date plus the Insured amount is payable.

Demands Before 7th CPC

The Commission has received numerous representations from various stakeholders stating that the Monthly Deduction, as well as the Insurance Amount, have remained unchanged since 1990. In the present context, they are too low and should be increased.

7th CPC Analysis and Recommendations

As a logical comparator, the Commission considered the rates under Army Group Insurance Fund (AGIF), which have become applicable w.e.f. 01.09.2013. These are as follows:

Present Rates of AGIF

Group Monthly Deduction (Rs.) Insurance Amount (Rs.)
Officers 5000 50,00,000
JCOs/ Ors 2500 25,00,000

The Commission also took into view the fact that the pay of Defence personnel is by and large higher than that of Civilian employees of a comparable level. Hence, with suitable modifications for Civilian employees, the following rates of CGEGIS are recommended:

Recommended Rates of CGEGIS

7th Pay Level of Employee Monthly Deduction (Rs.) Insurance Amount (Rs.)
Pay Level 10 and above 5000 50,00,000
Pay Level 6 to 9 2500 25,00,000
Pay Level 1 to 5 1500 15,00,000

The Commission also took note of the fact that the Tables of Benefits published by the Ministry of Finance are based on the mortality rate of 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter.

In its report (brought out in January 1997), the V CPC had pointed out that the mortality rate, life expectancy, and health delivery systems have improved over a period of time.

They had highlighted the need “for a detailed review of the current mortality rates with a view to revising the apportionment between the Savings and Insurance Funds.”

Since it was likely to take some time, they had recommended a ratio of Savings Fund to Insurance Fund of 75:25, with “appropriate machinery for a periodical review of the mortality rates and adjustment of the apportionment ratio.”

All three factors viz., mortality rate, life expectancy and health delivery systems have further improved over the course of nearly twenty years following the V CPC recommendations.

Accordingly, this Commission recommends that the ratio of Savings Fund to Insurance Fund be modified from the present 70:30 to 75:25, as an interim measure, pending a detailed review.

It is also recommended that periodical reviews of mortality rates should be undertaken for suitable adjustment of the apportionment ratio. The Tables of Benefits may be modified accordingly.

Government Decision on CGEGIS

The Central Government has not agreed with the recommendations on CGEGIS. Even though the recommendation is highlighted the huge amount of insurance coverage for Central Govt employees (Rs. 15 to 50 lakhs), the subscription rates are too high!

As soon as possible, the Govt will introduce an updated scheme for all groups (a b c group) of CG employees