Group Insurance Scheme 1987 – Table of Benefits, 2013-14
Government of West Bengal
Finance Department
Audit Branch
No. 7700-F(J) Dated: 24.09.2013
MEMORANDUM
Subject: State Govt. Employees Group Insurance Scheme, 1987 -Table of Benefits under Savings Fund for the year of cessation of membership 2013-14.
In continuation of this Department’s Memo No. 7783-F(J), dated 11.09.2012, the undersigned is directed to say that a new table of benefits showing accumulations in the 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 01.11.2013 to 31.10.2014 matching with the table of benefits of the Central Govt. Employees Group Insurance Scheme, 1980 circulated under GOI’s OM No.7(2)/EV/2012 dated 15.01.2013. A copy of the said table is enclosed as ready reckoner. The figures have been worked out on the basis of interests @ 12% p.a. (compounded quarterly) for the period from 01.11.1987 to 31.10.2001, 11% p.a. (compounded quarterly) from 01.11.2001 to 31.10.2002, 9.5% p.a. (compounded quarterly) from 01.11.2002 to 31.10.2003, 9.0% p.a. (compounded quarterly) from 01.11.2003 to 31.10.2004, 8.0% p.a. (compounded quarterly) from 01.11.2004 to 31.10.2012 and 8.6% p.a. (compounded quarterly) from 01.11.2012 to 31.10.2013 and 8.8% p.a. (compounded quarterly) from 01.11.2013 onwards. The mortality rate continues to remain unchanged.
2. 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.
3. It is assumed that subscriptions have been fully realised from salary upto the month in which a member ceases to be in service, failing the same shall be deducted with interest from his/her entitlement.
Sd/- S.K. Ram
Joint Secretary to the
Government of West Bengal,
Finance Department.
ENCLOSURE TO FINANCE DEPARTMENT’S MEMO NO. 7700-F(J), DATED 24.09.2013
TABLE OF BENEFITS SHOWING SAVINGS FUND ACCUMULATIONS UNDER THE GROUP INSURANCE SCHEME, 1987
FOR SUBSCRIPTION @ Rs. 10/- PER MONTH
MONTHS OF CESSATION: YEAR 2013- 2014
Year of Entry | Nov, 13 | Dec, 13 | Jan, 14 | Feb, 14 | Mar, 14 | April, 14 | May, 14 | June, 14 | July, 14 | Aug, 14 | Sept, 14 | Oct, 14
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13)
1987 | 9999 | 10079 | 10160 | 10240 | 10321 | 10404 | 10485 | 10569 | 10654 | 10737 | 10820 | 10901
1988 | 8876 | 8946 | 9018 | 9092 | 9165 | 9237 | 9313 | 9386 | 9462 | 9536 | 9613 | 9686
1989 | 7860 | 7924 | 7990 | 8052 | 8118 | 8185 | 8250 | 8318 | 8384 | 8451 | 8519 | 8586
1990 | 6957 | 7013 | 7073 | 7129 | 7188 | 7247 | 7308 | 7367 | 7429 | 7489 | 7550 | 7608
1991 | 6155 | 6205 | 6257 | 6312 | 6364 | 6416 | 6470 | 6524 | 6578 | 6633 | 6687 | 6738
1992 | 5443 | 5487 | 5535 | 5583 | 5631 | 5678 | 5726 | 5773 | 5822 | 5872 | 5919 | 5966
1993 | 4809 | 4849 | 4891 | 4935 | 4979 | 5021 | 5063 | 5106 | 5152 | 5194 | 5240 | 5282
1994 | 4245 | 4283 | 4320 | 4359 | 4398 | 4437 | 4476 | 4514 | 4555 | 4593 | 4634 | 4672
1995 | 3746 | 3779 | 3813 | 3848 | 3882 | 3919 | 3952 | 3988 | 4024 | 4060 | 4096 | 4130
1996 | 3301 | 3331 | 3364 | 3394 | 3426 | 3458 | 3490 | 3522 | 3553 | 3587 | 3618 | 3650
1997 | 2906 | 2935 | 2962 | 2992 | 3018 | 3049 | 3077 | 3107 | 3135 | 3164 | 3194 | 3224
1998 | 2558 | 2580 | 2606 | 2632 | 2659 | 2684 | 2711 | 2738 | 2764 | 2792 | 2818 | 2844
1999 | 2244 | 2268 | 2292 | 2315 | 2339 | 2361 | 2384 | 2408 | 2433 | 2458 | 2482 | 2506
2000 | 1969 | 1988 | 2011 | 2031 | 2053 | 2077 | 2098 | 2120 | 2144 | 2165 | 2188 | 2210
2001 | 1722 | 1741 | 1762 | 1780 | 1800 | 1821 | 1840 | 1852 | 1883 | 1903 | 1923 | 1945
2002 | 1502 | 1520 | 1538 | 1557 | 1575 | 1593 | 1612 | 1631 | 1650 | 1669 | 1688 | 1706
2003 | 1304 | 1320 | 1337 | 1354 | 1370 | 1387 | 1404 | 1422 | 1439 | 1457 | 1475 | 1491
2004 | 1122 | 1138 | 1153 | 1168 | 1184 | 1199 | 1215 | 1231 | 1247 | 1263 | 1279 | 1295
2005 | 956 | 970 | 984 | 998 | 1012 | 1027 | 1041 | 1056 | 1070 | 1085 | 1100 | 1115
2006 | 802 | 815 | 828 | 841 | 854 | 867 | 880 | 894 | 907 | 921 | 934 | 948
2007 | 659 | 671 | 683 | 695 | 707 | 719 | 732 | 744 | 756 | 769 | 781 | 794
2008 | 528 | 539 | 550 | 561 | 572 | 583 | 594 | 606 | 617 | 629 | 640 | 652
2009 | 407 | 417 | 427 | 437 | 447 | 457 | 467 | 478 | 488 | 499 | 510 | 520
2010 | 294 | 304 | 313 | 322 | 331 | 341 | 350 | 360 | 369 | 379 | 389 | 399
2011 | 191 | 199 | 208 | 216 | 225 | 233 | 242 | 251 | 260 | 269 | 278 | 286
2012 | 95 | 103 | 111 | 118 | 126 | 134 | 142 | 150 | 158 | 166 | 175 | 183
2013 | 7 | 14 | 21 | 28 | 36 | 43 | 50 | 57 | 65 | 72 | 80 | 87
No. 7700-F dated 24.09.2013, Source
