Ap3
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The Agricultural Producers Protection Plan (AP3) provides life insurance coverage for agricultural producers, fisherfolk, and other stakeholders between 15-70 years old. AP3 covers death from accidents, natural causes, and murder/assault. Premiums and coverage amounts vary based on the insured's age and whether they have an individual or group policy. The document outlines eligibility requirements, coverage periods, exclusions, benefits, claims procedures, and other policy details.
Ap3
- 1. AGRICULTURAL PRODUCERS IV. PRINCIPAL SUM AND ANNUAL PREMIUM PROTECTION PLAN PLAN AGE BRACKET Php 15T Php 20T Php 25T Php 30T Php 35T Php 40T Php 45T Php 50T The Philippine Crop Insurance Corporation (PCIC) provides Agricultural Producers Protection Plan (AP3) to ANNUAL PREMIUM (PHP) FOR INDIVIDUAL INSURANCE COVER agricultural producers, fisherfolk and other stakeholders. ≤ 35 180 240 300 360 420 480 540 600 AP3 is an insurance protection that covers death of the insured due to accident, natural causes, and murder or 36 to 45 255 340 425 510 595 680 765 850 assault. 46 to 55 330 440 550 660 770 880 990 1,100 56 to 65 480 640 800 960 1,120 1,280 1,440 1,600 I. ELIGIBILITY 66 to70 630 840 1,050 1,260 1,470 1,680 1,890 2,100 Agricultural producers/farmers and fisherfolk, preferably ANNUAL PREMIUM (PHP) PER MEMBER FOR GROUP INSURANCE with existing agricultural and/or crop insurance coverage COVER WITH 15 TO 25 MEMBERS with PCIC, including their family members up to the 4th degree of consanguinity or affinity, and farm workers, hired ≤ 35 165 220 275 330 385 440 495 550 or otherwise, and likewise other agricultural stakeholders 36 to 45 240 320 400 480 560 640 720 800 who are from ages 15 to 70 years old and in general healthy 46 to 55 315 420 525 630 735 840 945 1,050 condition are eligible for coverage. 56 to 65 465 620 775 930 1,085 1,240 1,395 1,550 II. PERIOD OF INSURANCE COVERAGE 66 to 70 615 820 1,025 1,230 1,435 1,640 1,845 2,050 ANNUAL PREMIUM (PHP) PER MEMBER FOR GROUP INSURANCE • Duration – One year period COVER WITH 26 TO 40 MEMBERS • Commencement – Upon full payment of insurance premium and on the date indicated in the Certificate ≤ 35 150 200 250 300 350 400 450 500 of Insurance Cover (COC) 36 to 45 225 300 375 450 525 600 675 750 • Termination – On the expiry date indicated in the 46 to 55 300 400 500 600 700 800 900 1,000 (COC) 56 to 65 450 600 750 900 1,050 1,200 1,350 1,500 III. COVERED RISKS 66 to 70 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Death of the insured resulting from: ANNUAL PREMIUM (PHP) PER MEMBER FOR GROUP INSURANCE • Accident; COVER WITH 41 AND MORE MEMBERS • Natural causes; and ≤ 35 135 180 225 270 315 360 405 450 • Murder or assault 36 to 45 210 280 350 420 490 560 630 700 46 to 55 285 380 475 570 665 760 855 950 56 to 65 435 580 725 870 1,015 1,160 1,305 1,450 66 to 70 585 780 975 1,170 1,365 1,560 1,755 1,950 Notes: a) Premiums are inclusive of taxes; b) Under the group insurance cover, a group can only avail of one group plan; however a group member may avail of an additional plan; c) Two (2) or more policies may be availed of at any given time per insured individual or group, each to be honored separately in case of claim;. d) The aggregate sum insured in all policies shall not exceed P100,000.00; e) Those with ages 66 to 70 years old shall be covered up to a maximum of P50,000.00 only; and f ) The same premium shall be charged, if coverage is renewed yearly (within 30 days before expiry), provided that no escalation of sum insured is made.
- 2. V. EXCLUDED RISKS X. SUBMISSION OF CLAIM DOCUMENTS Death caused by any of the following: • War, invasion, act of foreign enemy, hostilities, or Within ninety (90) calendar days from the death of the insured, the following claim documents should be AGRICULTURAL submitted: warlike operations, mutiny, terrorism, riot, civil commotion, strike, civil war, rebellion, revolution and insurrection, and atomic fission or radioactive a) Death Certificate duly issued, signed and sealed by the local Civil Registrar; PRODUCERS b) Birth Certificate or any legally valid evidence of age contamination; • Intentionally self-inflicted injuries, suicide or any attempt thereat, while sane or insane; of the deceased; c) Medical Certificate attesting to the cause of death; PROTECTION PLAN • Vehicular accidents while driving under the influence d) Police report if the cause of death is by accident or violent means; and of liquor or prohibited drugs; • Rendering military and paramilitary services; e) In case of medical reimbursement claim due to General Information on the • Engagement in hazardous sports or occupation; accident: • Illegal acts of the insured; • Hospital bill Agricultural Producers • Engagement in aviation other than as a passenger in • Official receipt issued by the hospital commercial flight; • Abortion, except when pursued as a medical e) Other documents as may be required by PCIC. Protection Plan intervention; and A claim shall be settled not later than thirty (30) calendar • Incidents occurring before the effectivity and after days from the submission of complete claim documents to the expiry of the insurance coverage as indicated in the PCIC Regional Office or its underwriting agent. the Certificate of Cover. VI. BENEFITS AND LIMITS OF LIABILITY XI. MISCELLANEOUS PROVISIONS In case of death of the insured, PCIC pays the following: Subject Particulars 1. Principal sum of the insurance coverage as Disappearance Disappearance per se of the insured stipulated in the COC. is not compensable. However, if 2. Additional benefits: death of the insured alleged to have • Burial benefit of P5,000 per insured, regardless disappeared is proven or established of total sum insured and number of polices; and later to have occurred during the term • Medical reimbursement of actual medical of cover, the claim maybe given due expenses, net of Philhealth and other health course. insurance benefits, but not to exceed 10% of total sum insured, in case of hospital confinement of Voidance & The policy shall be voided and Cancellation cancelled by the PCIC upon occurrence the insured due to accident. Clause of any of the following during the effectivity of the policy, and after VII. BENEFICIARY notice thereof to the insured/lending Payment of claim shall be made to the named institution/cooperative: beneficiary indicated in the COC. If the primary beneficiary a) Conviction of a crime thus DEPARTMENT OF AGRICULTURE is rendered ineligible, the secondary beneficiary shall be increasing the hazard insured against; the recipient. If the beneficiary is a minor, the appointed b) Discovery of fraud or material PHILIPPINE trustee is the payee. misrepresentation; and c) Discovery of willful, reckless acts CROP INSURANCE VIII. APPLICATION FOR INSURANCE or omissions that increase the hazard • Where to file - PCIC Regional Office, PCIC Insurance insured against. CORPORATION Underwriter and Accredited Underwriting Agent. In case of cancellation, the insured is • When to file - Any date & preferably while applicant not entitled to any premium refund “Sa Paglaban sa Kahirapan at Gutom, has an existing crop or agricultural insurance for the unexpired term. coverage. Civil Code It is hereby declared and agreed that Crop Insurance, Katulong sa Pagbangon.” • Documents Required - Filled-out Application and 1250 Waiver the provision of Article 1250 of the Health Statement Form. Clause Civil Code of the Philippines (Republic Act No. 386) which reads: “In case an 7th Floor, Building A, NIA Complex, EDSA, Diliman, IX. NOTICE OF CLAIM extraordinary inflation or deflation Quezon City, Philippines In the event of death of the insured, his beneficiary shall of the currency stipulated should file a notice of claim (NC) in writing to the PCIC Regional supervene, the value of the currency Office not later than forty five (45) calendar days from the at the time of the establishment time of death. of the obligation shall be the basis TeleFax (02) 441-1324 of payment….” shall not apply in Email rmg@pcic.gov.ph The Notice of Claim shall at least contain the following determining the extent of liability information: a) Name and address of the insured; b) under the provisions of this policy. COC Number; c) Cause of death; and d) Date of death.