Insurance Services
Empowering farmers with security—because your growth deserves protection.
At BAMCO, we understand that farming comes with risks. That’s why we offer reliable insurance solutions to protect farmers’ crops, health, property, and livelihoods. With over 500 farmers already covered, our services ensure peace of mind during uncertain times. Through partnerships with trusted insurers, we act as an institutional broker and agent, helping farmers access the right plans with ease and transparency.
BAMCO KISAN HEALTH CARE SCHEME
BAMCO has initiated a health insurance scheme for the farmer members whichcomes under Acko ltd. Under the scheme, there are two packages:
Daily Hospital Cash Benefit
- A person who is admitted in a hospital (minimum15-bedded) for 24 hrs gets an amount of ₹500, 1000, 1500/day
- If any person is admitted in ICU for 24 hours , he /she gets an amount of ₹1000, 2000,3000/day.
- In a year, a maximum amount of ₹30,000 can be claimed by the person.
- The only document required to claim the money is the discharge certificate of the patient.
Types of insurance coverage offered are:
Per Person Premium Including GST – Tenure Annual
| Per Day Limit |
Hospital Cash - 500 ICU - 1000 |
Hospital Cash - 1000 ICU - 2000 |
Hospital Cash - 1500 ICU - 3000 |
|---|---|---|---|
| Self | 250 | 500 | 750 |
| Self + Spouse | 500 | 1000 | 1500 |
| Self + Spouse + 1 Child | 680 | 1360 | 2040 |
| Self + Spouse + 2 Children | 860 | 1720 | 2580 |
Per Person Premium Including GST – Tenure Annual
| Per Day Limit |
Hospital Cash - 500 ICU - 1000 |
Hospital Cash - 1000 ICU - 2000 |
Hospital Cash - 1500 ICU - 3000 |
|---|---|---|---|
| Self | 250 | 500 | 750 |
| Self + Spouse | 500 | 1000 | 1500 |
| Self + Spouse + 1 Child | 680 | 1360 | 2040 |
| Self + Spouse + 2 Children | 860 | 1720 | 2580 |
Age limit for the policy bearers:
- Children : 3 to18 years
- Adults(Self/Spouse) : 18 to 64years
Accident Death Coverage
- This scheme covers the insured or his/her spouse only.
- An insurance coverage of ₹1 lakh will be provided if a person who is insured or the insured spouse passes away within the policy term.
- The scheme only covers accidental deaths and cases such as natural deaths, suicides etc. won’t be covered.
BAMCO KISAN PENSION SCHEME
BAMCO offers a pension scheme which goes by the name “BAMCO Kisan Pension Scheme” for its farmer members. The salient features of the scheme are:
- Minimum amount of Rs.500/-per month is to be deposited.
- Deposits should be done for 72 months (6years).
- From 73 rd month till 216 t h month (7 th to18 th year), members will get the monthly pension under the scheme.
- No Pre-Maturity is allowed in this scheme.
- Members joining this scheme need to compulsory submit their Aadharcard copy.
- An amount of ₹50,000/- as surrender benefit will be provided in case of one time settlement.
- Along with that, an insurance coverage of ₹100000/- will be provided for the whole period of 18years.
In case of death of the policy holder, the deposited amount along with the interest will be
returned
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