CGEGIS Table of Savings Benefits from October 1, 2022 to December 31, 2022

A revised maturity table for the Central Government Employee Insurance Scheme, covering the time period from October 1, 2022, to December 31, 2022, has been announced by the Ministry of Finance’s Department of Expenditure. There are two different sorts of maturity value tables in the included circular. Please click the link provided to see and/or download the CGEGIS fund maturity benefit table in PDF format.

Benefits such as life insurance, which will help employees’ families financially in the event of the employee’s untimely death on the job, and retirement savings, which can be received in a lump sum, are available to workers on a fully contributory and self-financing basis, at minimal cost to the business.

When a member of the Central Government is no longer able to provide for his or her family due to death or incapacity, the CGEGIS steps in to help. It’s a good programme that gives workers and their families a steady stream of benefits like a lump sum payment and regular paychecks.

The Ministry of Finance sends CGEGIS recipients two sets of calculation tables every three months. Unfortunately, both the Monthly Deduction and the Insurance Amount have remained at 1990 levels, thus the 7th CPC suggested substantial increases. The Central Government, however, was unable to offer advice despite the idea. So, the scheme’s regular monthly contribution rates will remain the same.

Families of dead workers are given a one-time cash payment through the CGEGIS. This sum is determined by the employee’s final drawn salary in addition to their total number of years of service. The money is given to you all at once, and you can put it toward whatever you like: bills, travel, whatever. In the event of the worker’s untimely demise, this lump sum can offer financial stability to the family. In times of hardship, the CGEGIS can provide assistance to federal government workers and their families.

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.