State Government Employees GIS 1987 Table of Benefits for 2024-25

West Bengal Finance Department published a memorandum siting State Government Employees GIS (Group Insurance Scheme) 1987 Table of Benefits (GIS 1987 Table of Benefits) for 2024-25. The amount of benefit along with interest rate table is published with this memorandum.

GIS 1987 Table of Benefits:

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
AUDIT BRANCH

MEMORANDUM

SUBJECT: State Government Employees Croup Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2024-2025.

In continuation of this Department’s Memo No 013-F(J) dated 05.02.2024, the undersigned is directed to say that a new table of benefits showing accumulation of savings fund under the above-mentioned scheme corresponding to a unit subscription of Rs. I 0/- (Rupees Ten) only per month has been drawn up for the period from 01.05.2024 to 31.07.2024 in matching with the Central Government Employees Group Insurance Scheme, 1980 circulated under GOI’s OM No. 7(1)/EV/2023 dated 25th October, 2023.

2. A copy of the said table is enclosed herewith as ready-reckoner. The figures have been worked out on
the basis of the rate of interests as follows:-

The mortality rate continues to remain unchanged.

3. The amounts shown in the table are applicable (with the fractions) for one unit and to be rounded off after calculating the final amount payable.
4. The amounts shown in the table are applicable to a member of Group-D category. Corresponding amounts for the member of higher groups may be calculated proportionately.
5. It is assumed that subscriptions have fully been realized from salary up to the month in which a member ceases to be in service, failing the same shall be deducted with interest from his/her entitlement.

FAQ