Agroinsurance

NEWS

Philippine - PCIC to provide P30 million in insurance to farmers, fisher folk

23.04.2014 276 views

The Department of Agriculture - Philippine Crop Insurance Corp. Region 6 has allotted P30 million for the insurance of farmers and fisherfolk of Western Visayas whose agricultural crops and livelihood were damaged by typhoon Yolanda.

The DA-PCIC board of directors has approved a resolution of providing full premium subsidy of P80 million for the insurance coverage of subsistence farmers and fisherfolk of hardly hit provinces.

PCIC Regional Manager Charlito Brilleta, said the premium subsidy program offers insurance coverage for rice, corn, high value commercial crop, livestock, fisheries, non-crop agricultural asset and term-accident and dismemberment security scheme.

The DA- PCIC in Region 6 will launch the insurance program Friday at Hotel Del Rio, Molo, Iloilo City.

Representatives from the Land of the Philippines, People’s Credit Finance Corporation, Agricultural Credit and Productivity Program and the DAR- Agrarian Production Credit Program will give talk on their respective credit programs for the farmers and fisherfolk.

Source - http://www.visayandailystar.com/

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