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PHILIPPINES - More or less 5,000 farmers and fishermen could make use of the insurance coverage offered by the provincial government of Northern Samar.
This insurance programme agreed on between the provincial government and the Philippine Crop Insurance Corporation, provides for the insurance of rice, corn, high value commercial crops, livestock, fisheries, non-crop agricultural assets and the life and limbs of farmers and fishers.
This was revealed by Dr Jose Luis Acompaniado, provincial veterinarian, during the seminar-orientation conducted for farmers and fishermen on how they can apply and avail of the benefits for the said programme. Dr Acompaniado said that under the program, 90 per cent of the insurance premium will be shouldered by the provincial government and 10 per cent will be paid by the insured or fisherman.
To avail of the programme, the recipient of the insurance must be a member of a farmer/fishermen association registered in the Securities and Exchange Commission (SEC) and the Department of Agriculture. Acompaniado said a recipient is also obliged to renew his/her membership at PCIC every year to continually avail of the programme.
The programme was conceived to assist the small farmers and fishermen augment their livelihood and protect them from loss and damages due to pest, disease infestation, and the impact of weather and climate change.
The memorandum of agreement for the implementation of this special comprehensive insurance program for agri-fishery projects/programs of the Northern Samar was signed on September 28, 2012 by Governor Paul Daza representing the provincial government and Atty. Jovy C. Bernabe, president, Philippine Crop Insurance Corporation.