What is Central Government Employees Group Insurance Scheme ? How CGEGIS plant ?
Central Government Employees Group Insurance Scheme (CGEGIS): Ministry of Finance
Central Government Employees Group Insurance Scheme (CGEGIS) came into strength from 1st January,1982. The system provides for ii plication benefit, viz., (1) insurance encompass to assist their families as well as (2) lump amount payment to augment their resources on retirement.
Details of Central Government Employees Group Insurance Scheme (CGEGIS)
| Particulars | Description |
| Name of the Scheme | Central Government Employees Group Insurance Scheme (CGEGIS) |
| Sponsored by | Central Government |
| Funding Pattern | The system has ii funds namely (1) Insurance Fund as well as (2) Savings Fund. Influenza A virus subtype H5N1 share of the subscription is credited to Insurance Fund as well as the other share to the Savings Fund inwards the ratio of 3:7. The Savings Fund volition earn involvement at the prescribed charge per unit of measurement to live on compounded quarterly. |
| Ministry/Department | Department of Expenditure |
| Description | Central Government Employees Group Insurance Scheme (CGEGIS) came into strength from 1st January, 1982. The system provides for ii plication benefit, viz., (1) insurance encompass to assist their families as well as (2) lump amount payment to augment their resources on retirement. |
| Beneficiaries | Individual, Family |
| Benefits |
| Benefit Type | Material |
| Eligibility criteria | All the employees who had entered Central Government Service after 1st November,1980 volition live on compulsorily covered nether the system from the engagement it came into force, i.e. from 1st January,1982. |
| How to Avail | The employees volition live on enrolled equally members of the system exclusively from 1st Jan every year. If an employee enters service on or after 2d Jan inwards whatsoever year, he volition live on enrolled equally a fellow member exclusively from 1st Jan of the side past times side year. |
| Validity of the Scheme |
| Introduced On | 01 / 01 / 1982 |
| Valid Upto | 12 / xi / 2011 |
CENTRAL GOVERNMENT EMPLOYEES’ GROUP INSURANCE SCHEME, 1980.
5.1 The Scheme, Central Government Employees’ Group Insurance Scheme (CGEGIS)
came into strength from 1st January,1982. This system provides for the Central Govt. employees the ii plication produce goodness viz. (1) insurance encompass to assist their families as well as (2) lump amount payment to augment their resources on retirement.
5.2 The system has ii funds namely (1) Insurance Fund as well as (2) Savings Fund. Influenza A virus subtype H5N1 share of the subscription is credited to Insurance Fund as well as the other share to the Savings Fund inwards the ratio of 3:7. The Savings Fund volition earn involvement at the prescribed charge per unit of measurement to live on compounded quarterly.
5.3 All these
employees’ who had entered Central Government Service after 1st November,1980 volition live on compulsorily covered nether the system from the engagement it came into strength i.e. from 1st January,1982. The employees volition live on enrolled equally members of the system exclusively from 1st Jan every year. If an employee enters service on or after 2d Jan inwards whatsoever year, he volition live on enrolled equally a fellow member exclusively from 1st Jan of the side past times side year. However, he volition live on entitled to insurance encompass from the actual engagement of entry of service till the terminate of that calendar twelvemonth past times paying monthly subscription of Rs. 5/- p.m. equally premium for every Rs. 15,000/ – of the insurance cover.
Similarly, on regular advertisement of a fellow member of a lower Group to a higher Group after 1st Jan inwards a year, his subscription volition live on raised from the 1st Jan of the side past times side year.
Note :- If an employee ane time admitted to a higher Group is later reverted to the lower Group for ane argue or the other, he volition come about to subscribe at the same charge per unit of measurement equally that of higher Group.
5.4 Contract employees, persons on deputation from State Government Public Sector Undertakings, or other autonomous organisations locally recruited staff inwards the Missions abroad, casual labourer, part-time as well as ad-hoc employees volition non live on covered past times the scheme. It volition too non apply to persons recruited inwards the Central Government after attaining the historic catamenia of l years.
5.5 Re-employed Defence personnel availing of the extended insurance encompass nether the Group Insurance Scheme applicable to the members of Armed Forces shall non live on eligible to travel members of this Scheme until expiry of the extended insurance cover.
5.6 Subscription at the appropriate charge per unit of measurement should live on recovered past times the DDO from each fellow member every calendar month irrespective of whether the fellow member is on duty, larn out or nether suspension. In the representative of absence on Extra Ordinary leave, subscription due should live on recovered inwards arrears inwards non to a greater extent than than iii installments after the fellow member rejoins duty, along alongside appropriate involvement thereon. In the lawsuit of decease of a fellow member during Extra-ordinary leave, the DDO should recover arrears inwards subscription along alongside interest, from the payment to the nominee admissible nether the scheme.
Note:- Subscription is payable till the terminate of service including the calendar month inwards which an employee retires, dies or is removed from service. If an employee dies during a calendar month earlier recovery of subscription for that month, his dues volition live on paid after deducting the subscription.
5.7 In the representative of members proceeding on unusual service, the recovery of subscription would live on watched past times the PAO concerned inwards the same agency equally recovery of larn out salary as well as pension contributions is watched.
5.8 The Head of Office should obtain Nomination(s) inwards Form vii or Form 8, equally the representative may be, from all members without delay, as well as after counter signature, accept them pasted inwards their service books.
5.9 The Head of Office should ensure that Group-wise register of members is maintained inwards Form nine as well as kept up-to-date. This register shall live on sent to the DDO concerned ane time a twelvemonth to verify whether appropriate subscription are beingness recovered from all employees who accept joined the Insurance Fund or both the Insurance Fund as well as the Savings Fund nether the Scheme as well as to tape a certificate to this effect.
Central Government Employees Group Insurance Scheme (CGEGIS) Rules Eligibility Table after seventh Pay Commission
Many fundamental regime employees larn a broad attain of benefits from the Central Government Employees Group Insurance Scheme (CGEGIS). Influenza A virus subtype H5N1 share of monthly contribution from every employee of offices that come upwards nether the central regime throughout the service as well as the overall involvement for these contributions plays the major work inwards the CGEGIS.
Below listed tabular array describes the basic things nearly the fundamental government CGEGIS plan.
| S. No | Things needed to know nearly Central Government Employees Group Insurance Scheme (CGEGIS) | Detailed Explanation |
| 1 | The Insurance Scheme for regime employees sponsored past times whom? | The Central Government of Republic of Republic of India sponsors for CGEGIS, which handles past times Department of Expenditure. |
| 2 | Who are all the beneficiaries nether this CGEGIS | All fundamental regime employees as well as their respective household unit of measurement members are eligible to larn merged alongside this insurance scheme |
| 3 | What are the monthly deduction details nether this CGEGIS | At introduce fundamental regime employees getting deduction of Rs.120 from their monthly salary as well as it is live on increased to Rs. 5000 equally per proposal house past times fundamental government |
| 4 | Insured amount nether CGEGIS | Current the insured amount is Rs. 1,20,000 as well as regime plans to increment the amount amount to Rs. 50,00,000 |
Once people accept entered the fundamental regime service, they accept to apply for this system through the Form No. 4 to the caput of office. The caput of work is responsible for sanctioning the subscriber’s accumulation payment inwards the segment of Savings Fund along alongside interest. This fund tin give the sack live on received past times the fundamental regime employees after their retirement.
In the lawsuit of decease of fundamental regime employees, the CGEGIS is available to their family. All payments associated alongside this insurance system are equally per the Table of Benefit at all times. Central regime employees accept to hold focusing on the Table of Benefit as well as brand an informed conclusion nearly how they tin give the sack brand work of this CGEGIS.
Central Government Employees Group Insurance Scheme (CGEGIS) Important Factors:
- There are ii types of funding patterns associated alongside the CGEGIS. The initiative off type is insurance fund. The minute type is savings fund.
- The ratio inwards which a share of the fundamental regime employees salary is allotted for the insurance and savings funds is 3:7.
- Each contribution to the savings fund earns interests at a surely charge per unit of measurement specified past times the fundamental government. The involvement charge per unit of measurement is compounded quarterly.
- The Department of Expenditure manages every human face of the CGEGIS from the get-go to terminate of this system for every employee of the fundamental regime offices.
CGEGIS Table 1 2016 – Subscription of Rs.10 / calendar month per unit of measurement from 1.1.1982 to 31.12.1989
Eligibility to join CGEGIS:
Every regular employee of the fundamental regime is eligible for the CGEGIS. Employees who are joining the service on whatsoever twenty-four hr catamenia as well as calendar month of a twelvemonth are considered equally the fellow member of CGEGIS from the Jan 1 of a twelvemonth they joined.
On the other hand, they volition live on entitled for this insurance encompass from the actual engagement of joining the service to the terminate of a year. They volition live on fully qualified fellow member of this insurance scheme from the Jan 1 to the side past times side year.
Bear inwards hear that re-employed defence strength personnel are non eligible for the CGEGIS until the expiry of insurance encompass from the Group Insurance Scheme for Armed Forces. Once they larn their existing insurance encompass expired, they tin give the sack consider the requirements for the CGEGIS easily.
Benefits under CGEGIS:
- There are many benefits for fundamental regime employees past times the CGEGIS. The next details explicate these benefits.
- The amount of contributions to the savings fund together alongside the overall involvement volition live on paid to the fundamental regime employee when they larn out their chore or retire.
- Nominee or hires of the fundamental regime employees volition have the amount of insurance encompass from this grouping belonged on the engagement of decease as well as savings fund’s accumulation inwards representative of the decease of employees.
- If fundamental regime employees drib dead earlier they were enrolled equally members of CGEGIS, nominee or heirs of these employees volition larn the insurance amount only.
- Central regime employees obtain housing loans past times assigning their accumulation inwards the saving fun as well as the insurance cover. They cannot withdraw, loan or advance from their savings fund as well as insurance fund.
Central Government Employees Group Insurance Scheme (CGEGIS) alter after seventh Pay Commission
- The seventh pay committee enhanced the CGEGIS that has remained unchanged for a long time. The latest enhancements inwards the CGEGIS attract as well as satisfy every employee of the fundamental government.
- The score of employee from 1 to 5, half dozen to nine as well as 10 as well as higher upwards paid 30, lx as well as 120 per calendar month for the insurance amount 30000, 60000 as well as 120000 respectively then far.
- The seventh pay committee proposed that the score of employee 1 to 5, half dozen to nine as well as 10 as well as higher upwards tin give the sack pay 1500, 2500 as well as 5000 per calendar month for the insurance amount 1500000, 2500000 as well as 5000000 respectively hereafter.
