The Ministry of Finance’s Department of Expenditure has issued a new maturity table for the Central Government Employee Insurance Scheme for the period between October 1, 2022 and December 31, 2022. The circular attached features two types of maturity value tables. To view or download the CGEGIS fund maturity benefit table in PDF format, please click the link provided.
Employees can obtain the benefits of a death-in-service insurance cover and a lump-sum retirement payment on a totally contributory and self-financing basis.
CGEGIS provides financial protection to the families of central government employees in the case of death or disability. It provides lump sums, monthly income, and other benefits to employees and their families.
The Finance Ministry sends CGEGIS beneficiaries two calculation tables every three months. Monthly Deduction and Insurance Amounts are locked at 1990 levels, hence the 7th CPC recommended raising them. Despite the idea, the Central Government couldn’t offer recommendations. The monthly contribution rates remain the same.
The CGEGIS gives the employee’s family a lump payout. This amount is based on last drawing salary and years of service. The lump sum might be used for debt, medical, or other expenses. This lump sum can provide financial security for the employee’s family. CGEGIS helps central government personnel and their families in need.
The maturity values for the period October to December 2022 for 1982 are provided below. For further details regarding the complete maturity value table from 1982 to 2022, please click the link.
|Contribution @ Rs. 10 PM up to 31.12.89 and Rs.15 throughout after 1.1.90|
|Contribution @ Rs. 10 throughout|