Central Government Employees Group Insurance Scheme (CGEGIS): Views of Indian Audit & Accounts Department The following rate of contribution and insurance coverage has been proposed by the 7th CPC; Level Of Employees Present Proposed Monthly Deductions Insurance Amount Monthly Deductions Insurance Amount 10 and above 120 1.20 Lakh 5000 50 Lakhs 6 to 9 … Read more
Ridiculous recommendation of 7th CPC regarding CGEGIS As per the recommendation of seventh CPC, subscription and insurance amount have been increased manifold. Let’s discuss the same as per available data. The present rate of monthly deduction is Rs 120, Rs 60 and Rs 30 for Gr A, B and C employees with Insurance cover of … Read more
7th CPC Recommendations on CGEGIS Central Government Employees’ Group Insurance Scheme (CGEGIS) Introduction Subsequent to the implementation of the III CPC recommendations, Central Government Employees’ Group Insurance Scheme (CGEGIS) was notified in 1980 and came into force w.e.f. 1 January, 1982. The scheme serves the twin objectives of (a) providing a lump-sum amount to the … Read more
Demand of staff side to increase the subscription and the insurance coverage – NC JCM “The Staff Side recalled the assurance held out by the Commission earlier to have the actuarial assessed by an expert agency to accede to the demand of the staff side to increase the subscription and the insurance coverage. The Staff … Read more