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Central Government Employees Group Insurance Scheme (CGEGIS): Views of Indian Audit & Accounts Department

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 60 60,000 2500 25 Lakhs
1 to 5 30 30,000 1500 15 Lakhs

Views of Indian Audit & Accounts Department

Since, there is steep rise in the monthly deductions, the following deductions and insurance amount is proposed:

Level Employees Present Proposed
Monthly Deductions Insurance Amonut Monthly Deductions Insurance amount
10 and above 120 1.20 Lakh 1500 15 Lakhs
6 to 9 60 60,000 750 7.5 Lakhs
1 to 5 30 30,000 350 3.5 Lakhs

Source: https://drive.google.com/file/d/0B7nIuoyYNiJUZkdmYWQySk1QTnM/view

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February 23, 2016 Tagged With: 7th Central Pay Commission, Central Government Employees Group Insurance Scheme, CGEGIS Filed Under: 7th Central Pay Commission, CGEGIS

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