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January 2025 DA Calculator (55% Confirmed!)CGEGIS Scheme 2024 Benefit Chart Update | Department of Expenditure
CGEGIS Scheme Table of Benefits, Subscription Rates 2024: The Table of Benefits and Subscription Rates for the CGEGIS Scheme in 2024 outline the provisions of the Central Government Employees Group Insurance Scheme, a specialized insurance plan tailored for employees of the central government. Through regular modest contributions, participants receive a lump sum insurance coverage.
Originating in the 1970s, this scheme initially guaranteed a significant sum assured for a nominal Rs.10 monthly premium, making it a popular choice in its heyday. While contemporary insurance providers now offer comparable benefits with minimal premiums via Term Insurance plans, the CGEGIS scheme remains compulsory for government employees, albeit facing competition from more enticing alternatives.
CGEGIS Scheme 2024 Overview
| 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 |
Latest CGEGIS Scheme Benefit Table 2024
In April, May, and June 2024, the Department of Expenditure released an updated benefit chart for the maturity fund under the CGEGIS scheme, applicable to central government employees. As an example, let’s consider a case from June 2024: an initial entry made in 1982 showed an accumulated value of 54277.57. This amount stayed consistent at Rs.10 per month until 1889 when it was raised to Rs.15.
| 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
Calculating retirement benefits under the CGEGIS Scheme involves utilizing the latest benefits table issued by the Finance Ministry to determine the maturity amount of savings funds. The Department of Expenditure releases quarterly tables detailing the benefits for each period (January to March, April to June, July to September, and October to December), specifying the exact amount disbursed to retiring employees. Make use of our specialized online tool on the website for an effortless calculation experience.
Revised CGEGIS Subscription Rates for Categories A, B, C, and D
After the 7th Pay Commission took effect, the CGEGIS Contribution rates were modified according to the categorization of positions into Groups A, B, and C (Group D has been removed). Until the updated rates are formally declared, the current subscription rates will continue for all Central Government staff members. The current subscription rates are outlined below:
| 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 |
Please be advised that as of January 2011, individuals previously classified as Group D employees and reassigned to Group C with a Grade Pay of Rs.1800 will be subject to a monthly subscription fee of Rs.30.
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