Group Insurance Scheme 1987: Table of Benefits for the year 2012-13

Government of West Bengal
Finance Department
Audit Branch

No. 7783-F(J), Dated: 11.09.2012

MEMORANDUM

Subject: State Govt. Employees Group Insurance Scheme, 1987 -Table of Benefits under Savings Fund for the year of cessation of membership 2012-13.

In continuation of this Department’s Memo No. 10286-F(J), dated 14.11.2011, 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 01.11.2012 to 31.10.2013 in matching with the table of benefits of the Central Govt. Employees Group Insurance Scheme, 1980 circulated under GOIs OM (corri.) No. 7(1)/EV/2012 dated 09.05.2012. A copy of the said table is enclosed as ready reckoner. The figures have been worked out on the basis of interest @ 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 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 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/- P.N. Samadder
Joint Secretary to the
Government of West Bengal,
Finance Department.

Year of Entry (Nov.) Nov,. 12 Dec,. 12 Jan,. 13 Feb,. 13 Mar., 13 Apr,. 13 May,. 13 June,. 13 July,. 13 Aug,. 13 Sept,. 13 Oct,. 13
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
1987 9089 9160 9233 9305 9377 9452 9524 9600 9676 9750 9825 9898
1988 8058 8122 8186 8253 8318 8383 8451 8517 8585 8651 8720 8785
1989 7127 7184 7244 7300 7358 7419 7477 7538 7597 7658 7719 7779
1990 6299 6350 6403 6454 6507 6560 6614 6667 6723 6777 6832 6883
1991 5563 5608 5655 5704 5752 5798 5847 5895 5944 5993 6041 6087
1992 4910 4951 4993 5036 5080 5122 5165 5208 5251 5296 5338 5380
1993 4329 4365 4404 4443 4482 4520 4558 4597 4638 4676 4716 4755
1994 3812 3846 3880 3915 3950 3985 4020 4054 4091 4125 4162 4196
1995 3355 3384 3415 3446 3477 3510 3540 3573 3605 3638 3670 3701
1996 2947 2974 3004 3031 3059 3088 3117 3146 3173 3204 3232 3261
1997 2584 2611 2635 2662 2686 2713 2738 2766 2791 2817 2844 2871
1998 2265 2285 2309 2332 2356 2379 2403 2428 2451 2477 2500 2523
1999 1977 1999 2020 2042 2063 2083 2103 2126 2148 2170 2192 2213
2000 1725 1742 1763 1781 1801 1823 1842 1862 1883 1902 1923 1942
2001 1499 1516 1535 1551 1569 1588 1606 1625 1644 1662 1680 1700
2002 1297 1314 1330 1346 1363 1380 1396 1413 1430 1448 1465 1482
2003 1115 1130 1145 1160 1176 1191 1206 1222 1238 1254 1269 1285
2004 949 963 977 991 1005 1019 1033 1047 1062 1076 1091 1105
2005 796 809 822 834 847 860 874 887 900 913 927 940
2006 655 667 678 690 702 714 726 738 751 763 775 788
2007 525 535 546 557 568 579 590 601 613 624 635 647
2008 404 414 424 434 444 454 464 475 485 495 506 516
2009 293 302 311 320 329 339 348 358 367 377 386 396
2010 190 198 207 215 224 232 241 250 258 267 276 285
2011 95 102 110 118 126 134 142 150 158 166 174 182
2012 7 14 21 28 36 43 50 57 65 72 80 87

No. 7783-F(J) dated 11.09.12, Source