Philippine Crop Insurance Corporation (PCIC) is a government-owned and controlled corporation that provides insurance coverage for crops and other agricultural products. It was established in 1977 to help farmers mitigate the financial risks associated with agricultural production.Over the years, PCIC has developed a strong presence in the agricultural sector, providing financial protection to millions of farmers across the country. The corporation continues to play a vital role in ensuring the growth and sustainability of Philippine agriculture.
Insurance Coverage
PCIC offers a range of insurance coverage for crops and other agricultural products. The types of insurance coverage include:
Type of Insurance Coverage |
Description |
Crop Insurance |
Provides financial protection against losses due to natural calamities, pests and diseases, fire, and other perils that may affect the crops. |
Livestock Insurance |
Provides financial protection against losses due to death or any other perils that may affect the livestock. |
Fisheries Insurance |
Provides financial protection against losses due to natural calamities, pests and diseases, and other perils that may affect the fisheries. |
Non-Crop Agriculture Insurance |
Provides financial protection against losses due to natural calamities, pests and diseases, and other perils that may affect non-crop agricultural products. |
PCIC provides insurance coverage to farmers at affordable rates, making it accessible to all farmers regardless of their economic status. The corporation aims to provide financial protection to as many farmers as possible in order to help them sustain their livelihoods despite the many challenges of agricultural production.
How to Apply for Insurance Coverage
To apply for insurance coverage, farmers must first register with PCIC. Registration is free and can be done online or at any PCIC branch office. Once registered, farmers can apply for insurance coverage for their crops, livestock, fisheries, or non-crop agricultural products.
Before applying for insurance coverage, farmers must provide the necessary documents, such as proof of ownership of the agricultural product and proof of production. These documents will be used to assess the value of the agricultural product and determine the appropriate insurance coverage.
PCIC offers fast and efficient claims processing, with claims being processed within 10 days from the submission of complete requirements. Farmers can file their claims online or at any PCIC branch office.
FAQ
What is PCIC?
PCIC is a government-owned and controlled corporation that provides insurance coverage for crops and other agricultural products.
What types of insurance coverage does PCIC offer?
PCIC offers crop insurance, livestock insurance, fisheries insurance, and non-crop agriculture insurance.
How do I apply for insurance coverage?
To apply for insurance coverage, farmers must first register with PCIC, provide the necessary documents, and apply for insurance coverage for their agricultural products.
How is the value of the agricultural product determined?
The value of the agricultural product is determined based on the documents provided by the farmer, such as proof of ownership and proof of production.
How long does it take for claims to be processed?
Claims are processed within 10 days from the submission of complete requirements.
PCIC continues to be a reliable partner of Filipino farmers, providing them with the financial protection they need to sustain their livelihoods and contribute to the growth and development of Philippine agriculture.
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