GISS 1987 Table of Benefits 2022-23

The audit brunch of the Finance Department of West Bengal issued Memorandum regarding the GISS 1987 Table of Benefits 2022-23 (Group Insurance cum savings scheme for the Employees of West Bengal Government. Here is the latest order-

Summery of the Memorandum

Memo No.2055-F(J)
Date:04/08/2022
Issued by:Finance Department of West Bengal
Subject: State Government Employees group Insurance Scheme, 1987 – Table of Benefits under Savings Fund for the year of 2022-2023

View Order of GISS 1987 Table of Benefits 2022-23:

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
AUDIT BRANCH

No. No.-2055-F (J)-W.B. Date: 04/08/2022

MEMORANDUM

SUBJECT: State Government Employees Group Insurance Scheme, 1987-Table of Benefits under Savings Fund for the year of cessation of Membership 2022-2023.

In continuation of this Department’s Memo No 1238-F(J)W.B. dated 20.05.2022, 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. 10/-(Rupees Ten) only per month has been drawn up for the period from 01.08.2022 to 31.10.2022 in matching with the Central Government Employees Group Insurance Scheme, 1980 circulated under GOl’s OM No. 7(2)EV/2016 dated 10th November, 2021.

  1. 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:
GISS 1987 Table of Benefits 2022-23

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.

  1. 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.
  2. 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.

Joint Secretary
to the Government of West Bengal

ENCLOSURE TO THE FINANCE DEPARTMENT MEMO NO: 2055-FO-WB DATED: 04.08.2022.

TABLE OF BENEFITS SHOWING SAVINGS FUND ACCUMULATIONS UNDER THE GROUP INSURANCE SCHEME, 1987 FOR SUBSCRIPTION @ RS. 10- PER MONTH,

YEAR OF CESSATION 2022-2023

MONTH OF CESSATION FROM AUGUST 2022 TO OCTOBER 2022.

GISS 1987 Table of Benefits 2022-23

Download Order [PDF]

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