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GIS Benefit Tables 2025 for HP Govt Employees

The Government of Himachal Pradesh has issued a notification regarding the H.P. State Government Employees Group Insurance Scheme 1984, detailing the Tables of Benefits for the savings fund for the period from April 1, 2025, to June 30, 2025. The benefits are calculated based on a 7.10% interest rate per annum, compounded quarterly, and are categorized into two tables based on different subscription rates. The notification also includes instructions for the recovery of subscriptions from salaries and the dissemination of the benefit tables to various government departments.

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823 views6 pages

GIS Benefit Tables 2025 for HP Govt Employees

The Government of Himachal Pradesh has issued a notification regarding the H.P. State Government Employees Group Insurance Scheme 1984, detailing the Tables of Benefits for the savings fund for the period from April 1, 2025, to June 30, 2025. The benefits are calculated based on a 7.10% interest rate per annum, compounded quarterly, and are categorized into two tables based on different subscription rates. The notification also includes instructions for the recovery of subscriptions from salaries and the dissemination of the benefit tables to various government departments.

Uploaded by

ajju.kumar.1516
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Government of Himachal Pradesh

. . .. -Department ofFinance-D (General)•

·- No. Fin-D(B)I0-1/2022 Dated: Shimla-02,the

Subject:
NOTIFICATION
-- •
H.P. State Government Employees Group Insurance Scheme 1984-
Tables of Benefit for the savings fund for the period 01-04-2025 to
•

30-06-2025. - .:

1. In continuation to [Link] Department's Notification of even number dated


rd
·03 February,2.025 the Governor of Himachal Pradesh is pleased to issue the Table of
Benefits for the ,savings fund of H.P. State Government Employees Group Insurance '
Scheme 1984 for the period with effect from 01-04-2025 to 30-06-2025. ,

2. . The benefits in the Tables have been worked out on the basis of interest @
7.10 % per annwn (Compounded Quarterly) for the period 01-04-2025 to 30-06-2025.

3. The Tables of Benefits are of two categories as per existing practice. The first
Table of Benefits for Savings Fund Scheme (Annexure-1) is based on subscription of Rs.
10/- PM for those employees who had opted out _of revised rate of subscript~on w.e.f.
01-04-1990. The second Table of Benefits of Saving Fund Scheme (Annexure-II) is based
on subscription of [Link]/- PM from·ot-04-1985 to 31-03-1990 and Rs.15/- PM w.e.f.
01-04-1990 onwards.

4. While calculating the amount it has been assumed that full subscription has
been recovered or will be recovered from the salary for the month in which Government
servant ceases to be in the Government Service, failing which, same should be deducted
from the accumulated amounts payable.

By order

Principal Secretary (Finance) to the


Government of Himachal Pradesh.

Contd/--2..

.,
----2----

Endst No. as above. Dated: Shimla-02, the


Copy forwarded for information and necessary action to:-
r May,2025.

(1) All the Administrative Secretaries to the Govt. of Himachal Pradesh.


(2) The Secretary to the Governor of Himachal Pradesh, Shimla-02.
(3) " The Secretary, H.P. Vidhan Sabha Shimla-04. •
(4) The Registrar General, H.P. High Court Shimla-171001.
(5) AU Divisional Commissioners in Himachal Pradesh.
(6) All the Head of Departments ofHimachal Pradesh.
(7) All the Deputy Commissioners of Himachal Pradesh.
(8) The De uty Accountant General, Himachal Pradesh, Shimla-03.
(9) Al reasury Officers/Assistant Treasury Officers/Sub-Treasuries Officers of H.P.
10 e Sr. Tech. Director Informatics Centre H.P Unit Shimla-2 with the request to
upload the Group Insurance Scheme Benefit Table on the website of Finance (General).

Q~ - - '
Additi~reta~ (Finance) to the
Governmeit of Himachal Pradesh.

) .
---------3---------
Annexure -1. ;

Accumulated value of contribution from 01-04-2025 to 30-06-2025 @ Rs 10/- Per Month


. . .
From 01-04-2025 to 30-06-2025
Year of April May .. June
Entry
1985-86 33713.73 33919.04 34125.55
1986-87 30153.53 30337 .90 30523.34
1987-88 26962.99 27128.59 27295.16
1988-89 24116.75 24265.61 24415.34
1989-90 21542.13 21675.84 21810.34
1990-91 19250.60 19370.83 19491.77
1991-92 17213.47 17321.72 17430.61
1992-93 15405.88 15503.50 15601.69
1993-94 13804.87 13893.07 13981.79
1994-95 12376.01 12455.81 12536.07 .
1995-96 11107.83 11180.16 11252.92
1996-97 9983.10 10048.82 10114.93
1997-98 8984.62 9044.47 • 9104.67
1998-99 8095.17 8149.79 8204.73
1999-00 7303.28 7353.23 7403.49
2000-01 6609.70 6655.58 6701.72
2001-02 5989.18 6031.41 6073.89
2002-03 5430.99 5469.93 5509.11
2003-04 4927.58 4963.57 4999.76
2004-05 4468.10 4501.38 4534.85
2005-06 4045.53 4076.32 4107.30
2006-07 3655.14 3683.64 3712.31
2007-08 3294.49 3320.86 3347.40
2008-09 2961.30 2985.71 3010.28
2009-10 2653.48 2676.09 2698.83
2010-11 2369.10 2390.04 2411.10
2011-12 2106.39 2125.78 2145.28
2012-13 1863.48 1881.44 1899.51
2013-14 1640.28 1656.93 1673.68
2014-15 1435.51 1450.95 1466.49
2015-16 1247.71 1262.04 1276.47
'
2016-17 1075.39 1088.72 1102.12
2017-18 ' 917.29 929.68 942.15
2018-19 771.62. 783.16 794.77
2019-20 636.68 647.43 658.24
2020-21 511.88 521.89 531.96
2021-22 396.20 405.53 414.92
2022-23 288.40 297.10 305.85
2023-24 187.93 196.03 204.19
2024-25 94.28 101.84 109.44
2025-26 7.00 14.04 21.12
--- Li ----
The amounts indicated in the tables have been worked out on the basis of following rates
of interest per Annum/Quarters (compounded quarterly):- Basis used:-
. From To Interest
01-04-1985 31-03-1987 11%
01-04-1987 31-03.:2001 12% .
01-04-2001 31-03-2002 11%
01-04-2002 31-03-2003 9.50%
01-04-2003 31-03-2004 9.00%
01-04-2004 28-02-2012 8.00%
01-03-2012 30-06-2012 8.60%
01-07-2012 30-06-2013 8.80%
01-07-2013 31-0~-2017 8.70%
01-04-2017 30-06-2017 8.00%
01-07-2017 30-09-2017 7.90%
01-10-2017 31-03-2018 7.80%
01-04-2018 31-12-2018 7.60%
01-01-2019 30-09-2019 8.00%
01-10-2019 30-06-2020 7.90%
'
01-07-2020 30-06-2023 7.10%
-
01-07-2023 30-12-2023 7.10%
01-01-2024 30.06.2024 7 .10%
01.07.2024 30.06.2025 7.10%
------5----

Annexure-11
Year of cessation of membership for the year 2025-26 contribution @ Rs 10/- PM
upto 31-03-1990 and Rs. 15/- throughout after 01-04-1990/ accumulated value of contribution
from 01-04-2025 to 30-06-2025@ (Rs 15/- per month)

From 01-04-Z025 to 30-06-2025


Year of April May June
Entry
1985-86 43339.98 43605.40 43872.39
1986-87 39791.16 40035.71 40281.70
1987-88 36599.33 36825.11 37052.21
1988-89 33748.73 33957.74 34167.98
1989-90 31171.11 31364.96 31559.95
1990-91 28887.48 29067.90 29249.38
1991-92 25832.14 25994.59 26157.99
1992-93 23128.53 23275.08 23422.48
1993-94 20713.66 20846.00 20979.11
1994-95 18577.02 18696.79 18817.27
1995-96 16676.62 16785.21 16894.44
1996-97 14991.46 15090.14 15189.40
1997-98 13484.79 13574.61 13664.95
1998-99 12156.61 12238.61 12321.10
1999-20 10964.92 11039.92 11115.35
I 2000-01 9914.97 9983.79 10053.02
2001-02 8980.52 9043.85 9107.54
2002-03 8151.07 8209.51 8268.30
2003-04 7388.24 7442.20 7496.47
2004-05 6702.14 6752.06 6802.28
2005-06 6068.29 6114.49 6160.95
2006-07 5482.71 5525.46 5568.46
2007-08 4941.73 4981.30 5021.10
2008-09 4441.94 4478.57 4515.41
2009-10 3980.22 4014.13 4048.24
2010-11 3553.66 3585.06 3616.65
2011-12 3159.58 . 3188.66 3217.92
2012-13 2795.22 2822.16 2849.26
2013-14 2460.43 2485.40 2510.52
2014-15 2153.26 2176.43 2199.73
2015-16 1871.56 1893.07 1914.70 :
2016-17 ' 1613.09 1633.07 1653.18 i
2017-18 1375.93 1394.52 1413.22 I
2018-19 1157.43 · 1174.74 1192.15
2019-20 955.03 971.14 987.36
2020-21 767.82 782.84 797.94 i

2021-22 594.30 608.30 622.38 I


2022-23 432.60 445.65 458.77 -1
2023-24 281.89 294.05 306.28
2024-2S 141.42 152.75 164.15
2025-26 10.50 21.06 31.69 ·
--Contd. to page-6---
------6-------

The amounts indicated in the tables have been worked out on the basis of following
rates of interest per Annum/Quarters (compounded quarterly):-

Basis used:-
From To Interest
01-04-1985 31-03-1987 11%
01-04-1987 31-03-2001 12%
--------- ------
01-04-2001 31-03-2002 11%
01-04-2002 31-03-2003 9.50%
01-04-2003- 31-03-2004 9.00%
01-04-2004 28-02-2012 8.00%
01-03-2012 30-06-2012 8.60%
01-07-2012 30-06-2013 8.80%
01-07--2013 31-03-2017 8.70%
01-04-2017 30-06-2017 8.00%
01-07-2017 30-09-2017 7.90%
01-10-2017 31-03-2018 7.80%
---------
01-04-2018 31-12-2018 7.60%
01-01-2019 30-09-2019 8.00%
01-10-2019 30-06-2020 7.90%
;
01-07-2020 30-06-2023 7.10%
01-07-2023 31-12-2023 7.10%
01.01.2024 30.06.2024 7.10%
01.07.2024 30.06.2025 7.10% I

Common questions

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Interest rates started at 11% from 1985 to 1987, increased to 12% from 1987 to 2001, and then saw a gradual decline to 7.10% by 2025. These changes reflect competitive market conditions and inflation control measures over the decades, impacting the growth of contributions, with higher rates yielding greater returns in earlier years compared to the latter years .

The interest rate structure directly influences the benefits table formulation by dictating the compound growth of subscription funds. Higher rates in earlier years allow larger accumulations for earlier entrants, while lower ongoing rates result in comparatively diminished benefit growth for newer members. Consequently, joining year significantly affects the ultimate accumulated benefits .

An employee entering in 2000 benefits from lower interest rates, reflecting a general decrease over time (9.5% in 2002-2003 versus 12% pre-2001). Consequently, their accumulated value is significantly lower at Rs. 6,609.70 in April 2025, compared to Rs. 19,250.60 for someone entering in 1990, who benefited from higher earlier rates .

The interest rate applied for the Himachal Pradesh State Government Employees Group Insurance Scheme savings fund between April 2025 and June 2025 is 7.10% per annum, compounded quarterly .

As the year of entry progresses from 1985 to 2025, the accumulated value of contributions consistently decreases. This trend arises due to the diminishing interest rates over time, compounding the effects of lower interest accumulation on later contributions. Consequently, employees entering the scheme in later years accumulate lower returns .

Information about the Insurance Scheme is disseminated through notifications to various governmental officials and departments, including Administrative Secretaries, heads of departments, and treasury officers. Additionally, the information is uploaded to the Finance (General) website. These channels ensure broad and efficient dissemination of critical financial scheme information to relevant stakeholders, ensuring transparency and compliance .

For an employee who began their subscription in 1985-86, the accumulated value for April, May, and June 2025 is 33,713.73, 33,919.04, and 34,125.55 respectively. For an employee who began in 1990-91, the amounts are 19,250.60, 19,370.83, and 19,491.77 respectively .

If an employee fails to meet the full subscription upon leaving government service, the calculation assumes full subscription recovery from their salary, failing which the outstanding amount is deducted from the accumulated amounts payable. This policy ensures that all due contributions are accounted for before any disbursement occurs .

Employees with identical entry years but following different subscription paths will see systematic differences in benefits due to varied accumulated contributions resulting from differing monthly subscription rates (Rs. 10 vs. Rs. 15 post-1990). The higher subscription path leads to greater accumulated benefits, reflecting both the increased base contribution and compounded growth over time .

After April 1990, the subscription rate for the savings fund scheme increased from Rs. 10 per month to Rs. 15 per month. This change led to an accumulated value for an employee who joined in 1989-90 being 31,171.11 in April 2025, 31,364.96 in May 2025, and 31,559.95 in June 2025 as per Annexure-II .

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