Rice crop
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This document provides general information on the Philippine rice crop insurance program. It outlines the objectives, scope of coverage, premium rates, eligibility requirements, claims process, and other key aspects of the program. The program aims to protect rice farmers from losses due to natural disasters and pests/diseases. It offers multi-risk and natural disaster coverage, with premiums shared by farmers, lending institutions, and the government. Eligible farmers can file claims within 45 days of losses and receive compensation based on cultivation stage and yield loss percentage.
Rice crop
- 1. GENERAL INFORMATION ON THE RICE National Composite Rates and EXCLUDED RISKS Premium Sharing (%) Losses arising from: CROP INSURANCE PROGRAM • Fire from whatever cause; • Theft and robbery, pillage, sequestration, strikes OBJECT OF INSURANCE Borrowing Farmers or other commotion, war, invasion, acts of foreign The object of insurance shall be the standing rice Multi-Risk Cover enemies, hostilities (with or without declaration of crop planted on the farmland specified in the insurance war), civil war, rebellion, revolution, insurrection, Low Risk Medium Risk High Risk application and which the assured farmer has an insurable military or usurped power, radio-active contamination interest on. Farmer 1.46 2.91 4.37 (whether controlled or uncontrolled); L.I. 2.00 2.00 2.00 • Any measure resorted to by the government in the AMOUNT OF COVER Gov’t. 5.90 5.90 5.90 larger interest of the public; The insurance shall cover the cost of production inputs • Avoidable risks emanating from or due to neglect per Farm Plan and Budget, plus an additional amount of Total 9.36 10.81 12.27 of the assured/non-compliance with the accepted cover (at the option of the farmer) of up to a maximum of Natural Disaster Cover farm management practices by the assured or person 20% 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 insured yield, subject to the following prescribed cover ceilings: crop; Farmer 1.12 2.23 3.35 • Strong wind and heavy rain not induced by typhoon; Inbred Varieties L.I. 1.50 1.50 1.50 and Irrigated/Rainfed P39,000 per ha. Gov’t. 4.22 4.22 4.22 • Any cause or risk not specified in the covered risks. Seed Production P41,000 per ha. Losses occurring: Total 6.84 7.95 9.07 Hybrid Varieties • Prior to the effectivity of insurance; • Prior to seed growth (coleoptile); Commercial Production (F1) P42,000 per ha. Self-Financed Farmers • Beyond the scheduled dates of harvest as appearing Seed Production (A x R) P52,000 per ha. Multi-Risk Cover in the FPB and CIC unless reported in writing to the PCIC at least ten (10) days before the actual harvest; Low Risk Medium Risk High Risk TYPES OF INSURANCE COVER and Multi-Risk Cover - This is a comprehensive coverage Farmer 3.46 4.91 6.37 • After harvest. against crop loss caused by natural disasters (i.e., Gov’t. 5.90 5.90 5.90 typhoon, flood, drought, earthquake, and volcanic FARMER/FARMER ORGANIZATION ELIGIBILITY eruption) as well as pest infestation and plant diseases. Total 9.36 10.81 12.27 • Any borrowing farmer or group of farmers who Natural Disaster Cover - This is a limited coverage Natural Disaster Cover obtains production loans from any lending institution against crop loss caused by natural disasters. Low Risk Medium Risk High Risk participating in the government-supervised rice production program and GOCCs/GFIs/NGOs/DILG- Farmer 2.62 3.73 4.85 PERIOD OF COVER LGUs-sponsored credit programs. The period of cover shall be from direct seeding or upon Gov’t. 4.22 4.22 4.22 • Any self-financed farmer/farmer organization (FO)/ transplanting up to harvesting; provided that insurance Total 6.84 7.95 9.07 people’s organization (PO) or group of farmers coverage shall commence from the date of issuance of who agrees to place himself/themselves under the the Certificate of Insurance Cover (CIC) or actual date of technical supervision of PCIC-accredited agricultural COVERED RISKS seeding or upon transplanting , whichever is later. production technician. • Natural disasters including typhoons, floods, drought, earthquakes, and volcanic eruptions. INSURABLE RICE VARIETIES • Plant diseases, e.g., tungro, rice blast/neck rot, grassy FARM ELIGIBILITY All rice varieties accredited for production by the stunt, bacterial leaf blight and sheath blight. • The farm must not be part of a riverbed, lakebed, National Seed Industry Council (NSIC) are insurable. • Pest infestation by any of the following major pests: marshland, shoreline or riverbank; rats, locusts, armyworms/cutworms, stemborer, black • The farm must have an effective irrigation and PREMIUM RATE bugs and brown planthopper/hopperburn. drainage systems. Rainfed areas are considered Premium rate is variable per region, per season and per eligible farms during wet season, subject to planting risk classification. This shall be shared by the farmer, lending cut-off date; institution and the government.
- 2. CROP • The farm must be accessible to regular means of shall be filed upon discovery of loss. In no case shall this be transportation; later than twenty (20) calendar days before the scheduled • The farm must be suitable for production purposes date of harvest. The NL shall at least contain the following INSURANCE in accordance with the recommended package of information: name of the assured farmer, CIC number, lot technology (POT), e.g., right zinc content; and number, time of occurrence of loss, stage of cultivation, • Farm location must have generally stable peace and nature, cause and extent of loss. FOR RICE order condition and not hazardous to health. CLAIM FOR INDEMNITY DOCUMENTS REQUIRED IN APPLYING FOR COVER The Claim for Indemnity (PCIC Indemnity Form) shall be Individual Borrowing Farmer • Application for Production Loan (APL) which also filed by the assured farmer or any immediate member of his family with the concerned PCIC Regional Office within General Information on the serves as application for crop insurance. forty five (45) calendar days from occurrence of loss. Rice 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, one Farmers 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 Indemnity Self-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 Claim WHERE 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 production loans. the affected farmers of complete claims documents to PCIC DEPARTMENT OF AGRICULTURE • PCIC Regional Offices/PCIC authorized underwriting RO. A claim not acted upon within 60 calendar days shall agents. be considered approved. PHILIPPINE NO-CLAIM BENEFIT CROP INSURANCE WHEN TO FILE APPLICATION FOR COVERAGE Any day before the date of planting up to fifteen (15) This is a benefit to assured farmer provided under Sec.14 CORPORATION calendar days after planting. of R.A. 8175 equal to 10% of his net premium share paid for the immediately preceding three (3) insured crop seasons “Sa Paglaban sa Kahirapan at Gutom, NOTICE OF LOSS not subject of any claim. Crop Insurance, Katulong sa Pagbangon.” In the event of loss arising from risks insured against, a written Notice of Loss (NL) shall be sent to the PCIC Regional DEATH BENEFIT This is a built-in death benefit component of the 7th Floor, Building A, NIA Complex, EDSA, Diliman, Office within ten (10) calendar days from occurrence of loss insurance package for rice crop equivalent to P10,000 per Quezon City, Philippines and before the scheduled date of harvest. In cases where the cause of loss is due to pest infestation, disease or assured farmer who may suffer death within the term of drought and where the effect of damage is gradual or the coverage; provided said farmer is not more than 65 years of Phone (02) 441-1323 full extent thereof is not immediately determinable, the NL age at the inception of insurance. TeleFax (02) 441-1324 Email rmg@pcic.gov.ph