The Philippine Crop Insurance Corporation (PCIC)-6 encouraged the fisherfolk in Western Visayas to avail of the Fisheries Insurance Program offered by the agency.
PCIC-6 Regional Manager Charlito Brilleta said that they provide insurance protection to fish farmers/fisherfolk/growers against losses in unharvested crop or stock in fisheries farms due to natural calamities and fortuitous events.
“The object of insurance shall be the unharvested crop/stock in fisheries farms specified in the application for fisheries insurance and which the assured fish farmer/fisherfolk/grower has insurable interest on,” he said.
PCIC said those who qualify are duly licensed owners/operators of fishponds, fish cages, fish pens and fisheries farms which culture or produce selected fish species such as milkfish, shrimps, groupers, snappers, tilapia, mudcrab, and seaweeds, whether borrowing or self-financed.
Also eligible are duly licensed owner, co-owner, operators, lessees, Fishpond Lease Agreement (FLA) holders, farmer organizations engaged in fish farming/fisheries projects who culture/produce different fish species such as milkfish, shrimps, groupers, tilapia, mudcrabs and seaweeds whether borrowing or self-financed duly endorsed by Fishery Technologist/Technician.
The fish farmer/fisherfolk must also agree to place themselves under the technical supervision of an accredited Fishery Technologist/Technician.
The insurance shall cover the cost of production inputs, the value of the fish farmer/fisherfolk/grower’s own labor and those of the members of his own household, including the value of labor of hired workers per Fisheries Farm Plan and Budget (FFPB).
For 2016, PCIC targets 2,663 fisherfolk in Western Visayas as prospective beneficiaries of its Fisheries Insurance Program.
PCIC, a government-owned and controlled corporation (GOCC) under the Department of Agriculture (DA), is the implementing agency of the government’s agricultural insurance program.
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