Thursday 19 July 2012

Insurance Cover under CGEGIS proposed to be raised

After a long wait, Government has proposed to the subscription amount and the Insurance Cover under Central Government Employees Group Insurance Scheme (CGEGIS).
Last revision in the Insurance cover and subscription amount was made way back in the year 1990. However, this Scheme was not at all reviewed by Government thereafter while two pay commissions (5th and 6th) have been implemented in the mean time.
Now, Government given some positive signals for the revival of the scheme.
In reply to the representation made by Office bearers of National Federation of Indian Railwaymen (NFIR), Department of Expenditure, Ministry of Finance has replied that increase in the rate of monthly subscription and amount of insurance cover under the Central Government Employees Group Insurance Scheme is under the consideration of the Ministry of Finance.
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