GENERAL INFORMATION ON THE CORN National Composite Rates and EXCLUDED RISKS Premium Sharing (%) Losses arising from:CROP INSURANCE PROGRAM • Fire from whatever cause; • Theft and robbery, pillage, sequestration, strikesOBJECT OF INSURANCE Borrowing Farmers or other commotion, war, invasion, acts of foreign The object of insurance shall be the standing corn Multi-Risk Cover enemies, hostilities (with or without declaration ofcrop planted on the farmland specified in the insurance war), civil war, rebellion, revolution, insurrection,application and which the assured farmer has an insurable Low Risk Medium Risk High Risk military or usurped power, radio-active contaminationinterest on. Farmer 2.83 5.65 8.48 (whether controlled or uncontrolled); L.I. 3.00 3.00 3.00 • Any measure resorted to by the government in theAMOUNT OF COVER Gov’t. 10.62 10.62 10.62 larger interest of the public; The insurance shall cover the cost of production inputs • Avoidable risks emanating from or due to neglectper Farm Plan and Budget, plus an additional amount of Total 16.45 19.27 22.10 of the assured/non-compliance with the acceptedcover (at the option of the farmer) of up to a maximum of Natural Disaster Cover farm management practices by the assured or person20% hereof to cover portion of the value of the expected Low Risk Medium Risk High Risk authorized by him to work and care for the insuredyield, subject to the following prescribed cover ceilings: crop; Farmer 1.90 3.80 5.70 • Strong wind and heavy rain not induced by typhoon; Hybrid Varieties P40,000 per hectare L.I. 2.00 2.00 2.00 and Open-Pollinated Gov’t. 7.50 7.50 7.50 • Any cause or risk not specified in the covered risks. Varieties P28,000 per hectare Losses occurring: Total 11.40 13.30 15.20 • Prior to the effectivity of insurance;TYPES OF INSURANCE COVER • Prior to the emergence of first leaf; Self-Financed Farmers • Beyond the scheduled dates of harvest as appearing Multi-Risk Cover - This is a comprehensive coverage against crop loss caused by natural disasters (i.e., Multi-Risk Cover in the FPB and CIC unless reported in writing to the PCIC at least ten (10) days before the actual harvest; typhoon, flood, drought, earthquake, and volcanic Low Risk Medium Risk High Risk eruption) as well as pest infestation and plant diseases. and Farmer 5.83 8.65 11.48 • After harvest. Natural Disaster Cover - This is a limited coverage against crop loss caused by natural disasters. Gov’t. 10.62 10.62 10.62 Total 16.45 19.27 22.10 FARMER/FARMER ORGANIZATION ELIGIBILITY • Any borrowing farmer or group of farmers whoPERIOD OF COVER Natural Disaster Cover obtains production loans from any lending institution The period of cover shall be from planting up to Low Risk Medium Risk High Risk participating in the government-supervised cornharvesting; provided that insurance coverage shall production program and GOCCs/GFIs/NGOs/DILG-commence from the date of issuance of the Certificate of Farmer 3.90 5.80 7.70 LGUs-sponsored credit programs.Insurance Cover (CIC) or the date of emergence of the first Gov’t. 7.50 7.50 7.50 • Any self-financed farmer/farmer organization (FO)/leaf of corn plant, whichever is later. Total 11.40 13.30 15.20 people’s organization (PO) or group of farmers who agrees to place himself/themselves under theINSURABLE CORN VARIETIES technical supervision of PCIC-accredited agricultural All corn varieties accredited for production by the COVERED RISKS production technician.National Seed Industry Council (NSIC) are insurable. • Natural disasters including typhoons, floods, drought, earthquakes, and volcanic eruptions.PREMIUM RATE • Plant diseases, e.g., stalk rot, banded leaf and FARM ELIGIBILITY Premium rate is variable per region, per season and per sheath blight. • The farm must not be part of a riverbed, lakebed,risk classification. This shall be shared by the farmer, lending • Pest infestation by any of the following major pests: marshland, shoreline or riverbank;institution and the government. rats, locusts, armyworms/cutworms and cornborers. • The farm must have an effective irrigation and drainage systems; • The farm must be accessible to regular means of transportation;
CROP • The farm must be suitable for production purposes full extent thereof is not immediately determinable, the NL in accordance with the recommended package of shall be filed upon discovery of loss. In no case shall this be technology (POT), e.g., not more than 15 degrees later than twenty (20) calendar days before the scheduled INSURANCE slope, except for those farmland with contour date of harvest. The NL shall at least contain the following structure using the Sloping Agricultural Land information: name of the assured farmer, CIC number, lot Technology (SALT); and number, time of occurrence of loss, stage of cultivation, FOR CORN • Farm location must have generally stable peace and nature, cause and extent of loss. order condition and not hazardous to health. CLAIM FOR INDEMNITYDOCUMENTS REQUIRED IN APPLYING FOR COVERIndividual Borrowing Farmer The Claim for Indemnity (PCIC Indemnity Form) shall be filed by the assured farmer or any immediate member of General Information on the • Application for Production Loan (APL) which also serves as application for crop insurance. his family with the concerned PCIC Regional Office within forty five (45) calendar days from occurrence of loss. Corn Crop Insurance Program • Farm Plan and Budget (FPB) - showing schedule of farm activities, e.g., date of planting and harvest, etc. ADJUSTMENT AND SETTLEMENT OF CLAIM • Location Sketch Plan (LSP)/Control Map (CM)- showing Verification and Loss Assessment landmarks and names of adjoining lot owners. A team of adjusters composed of two (2) members, oneFarmers Borrowing as a Group from PCIC and the other from either the DA/DILG or DAR or • List of Borrowers (LOB)- containing the names and NIA or concerned LI, shall verify the claim. addresses of the borrowers, the farm area, location, Loss Category: planting schedules, variety, amount of loan and • Total loss - if loss is 90% and above. signatures of borrowers. • Partial loss - if loss is more than 10% and below 90% • Standard Farm Plan and Budget (SFPB). • No loss - if loss is 10% or less. • Control Map (CM). Amount of IndemnitySelf-financed Farmer The amount of indemnity shall be based on the ff: • Application for Crop Insurance (ACI) • Stage of cultivation at time of loss. • Farm Plan and Budget (FPB) • Actual CPI (per FPB) already applied at time of loss. • Location Sketch Plan (LSP)/Control Map (CM) • Percentage of yield loss. Settlement of ClaimWHERE TO FILE APPLICATION FOR COVERAGE A claim shall be settled as expeditiously as possible but • Lending institution where farmers obtained their not later than sixty (60) calendar days from submission by DEPARTMENT OF AGRICULTURE production loans. the affected farmers of complete claims documents to PCIC • PCIC Regional Offices/PCIC authorized underwriting RO. A claim not acted upon within 60 calendar days shall PHILIPPINE agents. be considered approved. CROP INSURANCEWHEN TO FILE APPLICATION FOR COVERAGE NO-CLAIM BENEFIT CORPORATION Any day before the date of planting up to fifteen (15) This is a benefit to assured farmer provided under Sec.14calendar days after planting. of R.A. 8175 equal to 10% of his net premium share paid for “Sa Paglaban sa Kahirapan at Gutom, the immediately preceding three (3) insured crop seasons Crop Insurance, Katulong sa Pagbangon.”NOTICE OF LOSS not subject of any claim. In the event of loss arising from risks insured against, awritten Notice of Loss (NL) shall be sent to the PCIC Regional DEATH BENEFIT 7th Floor, Building A, NIA Complex, EDSA, Diliman,Office within ten (10) calendar days from occurrence of loss This is a built-in death benefit component of the Quezon City, Philippinesand before the scheduled date of harvest. In cases where insurance package for corn crop equivalent to P10,000 perthe cause of loss is due to pest infestation, disease or assured farmer who may suffer death within the term of Phone (02) 441-1323drought and where the effect of damage is gradual or the coverage; provided said farmer is not more than 65 years of TeleFax (02) 441-1324 age at the inception of insurance. Email email@example.com
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