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 forcefulness from 1st January,1982. The system provides for 2 flexure benefit, viz., (1) insurance comprehend to aid their families together with (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 2 funds namely (1) Insurance Fund together with (2) Savings Fund. Influenza A virus subtype H5N1 part of the subscription is credited to Insurance Fund together with the other part 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 compounded quarterly. |
| Ministry/Department | Department of Expenditure |
| Description | Central Government Employees Group Insurance Scheme (CGEGIS) came into forcefulness from 1st January, 1982. The system provides for 2 flexure benefit, viz., (1) insurance comprehend to aid their families together with (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 compulsorily covered nether the system from the appointment it came into force, i.e. from 1st January,1982. |
| How to Avail | The employees volition live enrolled equally members of the system solely from 1st Jan every year. If an employee enters service on or after 2nd Jan inwards whatsoever year, he volition live enrolled equally a fellow member solely 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 forcefulness from 1st January,1982. This system provides for the Central Govt. employees the 2 flexure create goodness viz. (1) insurance comprehend to aid their families together with (2) lump amount payment to augment their resources on retirement.
came into forcefulness from 1st January,1982. This system provides for the Central Govt. employees the 2 flexure create goodness viz. (1) insurance comprehend to aid their families together with (2) lump amount payment to augment their resources on retirement.
5.2 The system has 2 funds namely (1) Insurance Fund together with (2) Savings Fund. Influenza A virus subtype H5N1 part of the subscription is credited to Insurance Fund together with the other part 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 compounded quarterly.
5.3 All these
employees’ who had entered Central Government Service after 1st November,1980 volition live compulsorily covered nether the system from the appointment it came into forcefulness i.e. from 1st January,1982. The employees volition live enrolled equally members of the system solely from 1st Jan every year. If an employee enters service on or after 2nd Jan inwards whatsoever year, he volition live enrolled equally a fellow member solely from 1st Jan of the side past times side year. However, he volition live entitled to insurance comprehend from the actual appointment of entry of service till the terminate of that calendar yr past times paying monthly subscription of Rs. 5/- p.m. equally premium for every Rs. 15,000/ – of the insurance cover.
employees’ who had entered Central Government Service after 1st November,1980 volition live compulsorily covered nether the system from the appointment it came into forcefulness i.e. from 1st January,1982. The employees volition live enrolled equally members of the system solely from 1st Jan every year. If an employee enters service on or after 2nd Jan inwards whatsoever year, he volition live enrolled equally a fellow member solely from 1st Jan of the side past times side year. However, he volition live entitled to insurance comprehend from the actual appointment of entry of service till the terminate of that calendar yr 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 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 locomote along 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 together with ad-hoc employees volition non live covered past times the scheme. It volition too non employ to persons recruited inwards the Central Government after attaining the historic menstruation of l years.
5.5 Re-employed Defence personnel availing of the extended insurance comprehend nether the Group Insurance Scheme applicable to the members of Armed Forces shall non live eligible to larn members of this Scheme until expiry of the extended insurance cover.
5.6 Subscription at the appropriate charge per unit of measurement should live recovered past times the DDO from each fellow member every calendar month irrespective of whether the fellow member is on duty, locomote out or nether suspension. In the example of absence on Extra Ordinary leave, subscription due should live recovered inwards arrears inwards non to a greater extent than than 3 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 paid after deducting the subscription.
5.7 In the example of members proceeding on unusual service, the recovery of subscription would live watched past times the PAO concerned inwards the same mode equally recovery of locomote out salary together with pension contributions is watched.
5.8 The Head of Office should obtain Nomination(s) inwards Form seven or Form 8, equally the example may be, from all members without delay, together with 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 ix together with kept up-to-date. This register shall live sent to the DDO concerned ane time a yr to verify whether appropriate subscription are beingness recovered from all employees who accept joined the Insurance Fund or both the Insurance Fund together with the Savings Fund nether the Scheme together with to tape a certificate to this effect.
Central Government Employees Group Insurance Scheme (CGEGIS) Rules Eligibility Table after seventh Pay Commission
Many key regime employees larn a broad attain of benefits from the Central Government Employees Group Insurance Scheme (CGEGIS). Influenza A virus subtype H5N1 part of monthly contribution from every employee of offices that come upwards nether the central regime throughout the service together with the overall involvement for these contributions plays the major purpose inwards the CGEGIS.
Below listed tabular array describes the basic things most the key government CGEGIS plan.
| S. No | Things needed to know most Central Government Employees Group Insurance Scheme (CGEGIS) | Detailed Explanation |
| 1 | The Insurance Scheme for regime employees sponsored past times whom? | The Central Government of Bharat sponsors for CGEGIS, which handles past times Department of Expenditure. |
| 2 | Who are all the beneficiaries nether this CGEGIS | All key regime employees together with their respective identify 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 key regime employees getting deduction of Rs.120 from their monthly salary together with it is live increased to Rs. 5000 equally per proposal identify past times key government |
| 4 | Insured amount nether CGEGIS | Current the insured amount is Rs. 1,20,000 together with regime plans to increment the amount amount to Rs. 50,00,000 |
Once people accept entered the key regime service, they accept to employ for this system through the Form No. 4 to the caput of office. The caput of component is responsible for sanctioning the subscriber’s accumulation payment inwards the segment of Savings Fund along alongside interest. This fund tin live received past times the key regime employees after their retirement.
In the lawsuit of decease of key 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 maintain focusing on the Table of Benefit together with brand an informed conclusion most how they tin brand usage of this CGEGIS.
Central Government Employees Group Insurance Scheme (CGEGIS) Important Factors:
- There are 2 types of funding patterns associated alongside the CGEGIS. The initiative of all type is insurance fund. The 2d type is savings fund.
- The ratio inwards which a part of the key regime employees salary is allotted for the insurance and savings funds is 3:7.
- Each contribution to the savings fund earns interests at a for sure charge per unit of measurement specified past times the key government. The involvement charge per unit of measurement is compounded quarterly.
- The Department of Expenditure manages every aspect of the CGEGIS from the outset to terminate of this system for every employee of the key 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 key regime is eligible for the CGEGIS. Employees who are joining the service on whatsoever twenty-four threescore minutes menstruation together with calendar month of a yr are considered equally the fellow member of CGEGIS from the Jan 1 of a yr they joined.
On the other hand, they volition live entitled for this insurance comprehend from the actual appointment of joining the service to the terminate of a year. They volition live fully qualified fellow member of this insurance scheme from the Jan 1 to the side past times side year.
Bear inwards heed that re-employed defense forcefulness personnel are non eligible for the CGEGIS until the expiry of insurance comprehend from the Group Insurance Scheme for Armed Forces. Once they larn their existing insurance comprehend expired, they tin run across the requirements for the CGEGIS easily.
Benefits under CGEGIS:
- There are many benefits for key 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 paid to the key regime employee when they locomote out their undertaking or retire.
- Nominee or hires of the key regime employees volition have the amount of insurance comprehend from this grouping belonged on the appointment of decease together with savings fund’s accumulation inwards example of the decease of employees.
- If key regime employees boot the bucket 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 together with the insurance cover. They cannot withdraw, loan or advance from their savings fund together with insurance fund.
Central Government Employees Group Insurance Scheme (CGEGIS) modify 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 together with satisfy every employee of the key government.
- The degree of employee from 1 to 5, half dozen to ix together with 10 together with higher upwards paid 30, threescore together with 120 per calendar month for the insurance amount 30000, 60000 together with 120000 respectively together with then far.
- The seventh pay committee proposed that the degree of employee 1 to 5, half dozen to ix together with 10 together with higher upwards tin pay 1500, 2500 together with 5000 per calendar month for the insurance amount 1500000, 2500000 together with 5000000 respectively hereafter.
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