GISS, 1987 – Table of Benefits upto October, 2022

GISS, 1987 – Table of Benefits upto October, 2022

WB FINANCE (CLICK HERE)

GROUP INSURANCE SAVINGS SCHEME(CLICK HERE)

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
AUDIT BRANCH

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 GOI’s OM No. 7(2)/EV/2016 dated 10th November, 2021.

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:-

From To Interest p.a (compounded quarterly) From To Interest p.a (compounded quarterly)
01.11.1987 31.10.2001 12% 01.11.2018 31.07.2019 7.6%
01.11.2001 31.10.2002 11% 01.08.2019 30.04.2020 8%
01.11.2002 31.10.2003 9.5% 01.05.2020 31.10.2020 7.9%
01.11.2003 31.10.2004 9% 01.11.2020 31.01.2021 7.9%
01.11.2004 31.10.2012 8.0% 01.02.2021 30.04.2021 7.1%
01.11.2012 31.10.2013 8.6% 01.05.2021 31.07.2021 7.1%
01.11.2013 31.10.2014 8.8% 01.08.2021 31.10.2021 7.1%
01.11.2014 31.10.2017 8.7% 01.11.2021 31.01.2022 7.1%
01.11.2017 31.01.2018 8.0% 01.02.2022 30.04.2022 7.1%
01.02.2018 30.04.2018 7.9% 01.05.2022 31.07.2022 7.1%
01.05.2018 31.10.2018 7.8% 01.08.2022 31.10.2022 7.1%

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.

Joint Secretary to the
Government of West Bengal

ENCLOSURE TO THE FINANCE DEPARTMENT MEMO NO: 2055-F(J)-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.

YEAR OF ENTRY August, 2022 (In Rupees) September, 2022 (In Rupees) October, 2022 (In Rupees)
1987 21207.00 21338.74 21471.25
1988 18942.68 19061.10 19180.22
1989 16894.45 17000.83 17107.82
1990 15071.43 15167.08 15263.29
1991 13450.80 13536.92 13623.54
1992 12012.78 12090.44 12168.55
1993 10739.10 10809.27 10879.85
1994 9602.38 9665.86 9729.71
1995 8593.48 8651.02 8708.91
1996 7698.71 7750.99 7803.58
1997 6904.37 6951.98 6999.87
1998 6196.77 6240.22 6283.93
1999 5566.78 5606.52 5646.50
2000 5015.01 5051.51 5088.22
2001 4521.36 4554.96 4588.75
2002 4077.29 4108.27 4139.44
2003 3676.81 3705.43 3734.23
2004 3311.26 3337.74 3364.37
2005 2975.09 2999.59 3024.23
2006 2664.52 2687.19 2710.00
2007 2377.60 2398.59 2419.70
2008 2112.53 2131.96 2151.50
2009 1867.65 1885.64 1903.73
2010 1641.42 1658.07 1674.83
2011 1432.41 1447.84 1463.35
2012 1239.17 1253.46 1267.83
2013 1061.61 1074.85 1088.17
2014 898.70 910.99 923.34
2015 749.29 760.70 772.18
2016 612.21 622.81 633.47
2017 486.43 496.29 506.21
2018 370.55 379.73 388.96
2019 263.20 271.75 280.34
2020 163.91 171.87 179.89
2021 71.88 79.31 86.77

Joint Secretary
to the Government of West Bengal

 

DOWNLOAD ORDER COPY:-

DOWNLOAD LINK-1

DOWNLOAD LINK-2

 

No. 2055-F dated 04.08.2022Source

kamaleshforeducation.in(2023)  

Leave a Reply

Your email address will not be published. Required fields are marked *