GENERAL INFORMATION ON THE Soybeans, Squash, Star Apple, Strawberry, or without declaration of war), civil war,

Stringbeans/Pole Sitao, Sugarcane, Sunflower, rebellion, revolution, insurrection, military

HIGH VALUE CROP INSURANCE Sweet Peas, Sweet Potato, Sweet/Hot/Bell or usurped power, nuclear reaction or
PROGRAM Pepper, Sweetcorn, Taro, Tobacco, Tomato, radioactive contamination (whether
Upo/Bottle Gourd, Watermelon, Winged Bean, controlled or uncontrolled);
and Yam Bean/Turnips. ·· Any measure resorted to by the
OBJECT OF INSURANCE
The object of insurance shall be the standing crops government in the larger interest of the
planted/grown on the farmland described in the public;
insurance application and over which the assured INSURANCE PREMIUM ·· Avoidable risks emanating from or due to
The insurance premium shall be market-rated neglect of the assured/non-compliance
farmer/grower has an insurable interest on. and shall be borne solely by the assured with accepted farm management practices
farmer/grower. The premium rate shall be on a
per crop basis and shall depend on the result by the assured or person authorized by
AMOUNT OF COVER him/her to work and care for the insured
The amount of cover or sum insured shall be of the pre-coverage evaluation, the type and
number of risks sought for coverage, as well crops;
the cost of production inputs as agreed upon by ·· Any cause or risk not specified under the
as other factors such as location-specific agro-
PCIC and the assured farmer/grower, including climatic conditions, type of soil, terrain, farm Covered Risks Section; and
a portion of the value of the expected yield (at management practices, and production and ·· Any cause or risk not specifically covered
the option of the farmer) but not to exceed loss records. in the insurance policy.
120% of the cost of production inputs.
The premium rate shall range from 2% to 7% of Losses occurring:
PERIOD OF COVERAGE the total sum insured, subject to deductible and ·· Prior to the effectivity of insurance;
The insurance coverage shall be on annual co-insurance provisions. ·· After harvest of the insured crops;
basis for annual, biennial and perennial crops; ·· After expiration date of the insurance
in case of short duration crops which mature in policy; and
less than one (1) year, the period of cover shall ASSIGNMENT OF INSURANCE ·· Any kind of consequential loss.
be from planting to harvesting, subject to some The assured may assign the policy to any
stipulations such as waiting-period and pre- lending institution or other financing conduits FARMER/FARMER ORGANIZATION
harvest termination of cover for some crops, as with insurable interest on the insured farm/ ELIGIBILITY
plantation subject to PCIC’s concurrence. Plantation owners, cooperative farm farmers,
may be specified in the policy.
corporate farm owners and other planters/
growers with insurable interest on the farm,
HIGH-VALUE CROPS COVERED COVERED RISKS who grow high-value crops individually or
Abaca, Ampalaya, Anthurium, Avocado, Baguio The insurable risks shall be any, all or a collectively in large scale, may qualify for
Beans/Snap Beans, Bamboo, Banana, Black combination of typhoon, flood, drought, coverage under this program; provided, the crop
Pepper, Broccoli, Cabbage, Cacao, Cacao Nursery earthquake, volcanic eruption, tornado, plant production activities shall be supervised by an
Seedlings, Calamansi Tree, Carrot, Cashew diseases, pest infestations; provided that
the risk/s covered shall be limited to those Agricultural Production Technician whether he/
Tree, Cassava, Cauliflower, Chrysanthemum,
Celery, Coconut, Coffee, Cotton, Cucumber, specified in the policy contract. Other perils she be an in-house technician (i.e., employed
Dragon Fruit, Durian, Eggplant, Falcata, Garlic, may be covered subject to the approval of the by the proponent) or a government-employed
Gerbera, Ginger, Gladioli, Guyabano, Honeydew, PCIC Board of Directors (BOD). technician.
Jackfruit, Jathropa, Lanzones, Lemon Tree,
Lettuce, Mahogany, Mango-Fruit, Mangosteen, EXCLUDED RISKS DOCUMENTS REQUIRED IN APPLYING
Mango-Tree, Marang, Melon, Mungbeans, FOR COVER
Mushroom, Oil Palm, Okra, Onion, Onion-Red, Losses arising from: 1. Application for High-Value Crop Insurance;
Onion - White & Yellow, Orange Tree, Pakchoi ·· Fire not of accidental in nature; 2. Parcellary or location map;
Papaya, Patani, Patola, Peanut, Pechay - Native ·· Theft and robbery, pillage, sequestration, 3. List of Growers (if applicable); and
& Chinese, Pili Nut, Pineapple, Pomelo, Potato, strike or other commotion, war, invasion, 4. Other documents that may be required by
Purple Yum or Ube, Radish, Rambutan, Rose, acts of foreign enemies, hostilities (with PCIC.
Rubber Tree, Santol, Sayote, Shallot, Sorghum,
WHERE TO FILE APPLICATION FOR COVER
• PCIC Head Office
·· Depending on the value of the claim,
the magnitude of the loss or its HIGH VALUE CROP
• PCIC Regional Office (RO)
• PCIC Extension Office (PEO)
economic significance within the
surrounding community, the PCIC INSURANCE
NOTICE OF LOSS
Regional Manager may invite a
representative from any of the following General Information
In the event of loss arising from risks insured offices to join the team of adjusters:
against, a written Notice of loss (NL) shall be 1. Office of the Provincial or Municipal
sent to the PCIC RO or PEO, within ten (10) Agriculturist;
calendar days from occurrence of loss and 2. Regional Field Office of the
before the scheduled date of harvest. In the Department of Agriculture;
case of perils affecting crops and/or fruits of 3. Philippine Council for Agriculture
crops which are highly perishable in nature Resources Research and
such as blowdown in bananas, strong wind Development (PCARRD); and
or typhoon-related fruit-dropping in mangoes,
typhoon and/or flood affecting vegetable crops 4. Other appropriate institutions.
(e.g., brassicae, bell pepper, etc.), cucumbers
and tomato and other solanaceous vegetables, Amount of Indemnity
NL shall be filed within seventy-two (72) hours The amount of indemnity shall be based
or three (3) days from the time of occurrence on the following:
of such perils, or within the prescribed period ·· Actual cost of production inputs
specified in the policy contract. already applied at the time of loss
The NL shall at least contain the following per Farm Plan and Budget, subject to
limits stipulated in the policy contract; “Sa Paglaban sa Kahirapan at Gutom,
information: name of the assured farmer,
location of farm, date and time of occurrence ·· Prorated cost of harvested crops; Crop Insurance, Katulong sa Pagbangon.”
of loss, nature/cause of loss, extent of loss and ·· Salvage value, if any; and
policy number. ·· Percentage of yield loss.

No claim shall be entertained without proof of Settlement of Claim DEPARTMENT OF AGRICULTURE

filing of NL. A claim shall be settled as expeditiously PHILIPPINE
but not later than sixty (60) calendar days
CLAIM FOR INDEMNITY from submission by the assured farmer/ CROP INSURANCE
The Claim for Indemnity (PCIC Indemnity Form) grower of complete claims documents to
shall be filed by the assured farmer/grower the PCIC RO or PEO.
CORPORATION
within thirty (30) calendar days from occurrence
of loss with the PCIC RO or PEO. NO-CLAIM BENEFIT Philippine Crop Insurance Corporation
The assured farmer/grower shall be entitled to a HEAD OFFICE
ADJUSTMENT AND SETTLEMENT OF CLAIMS no-claim benefit of at least ten percent (10%) of 7F Building A, NIA Complex, EDSA,
premiums paid for three (3) consecutive crop Diliman, Quezon City
Verification and Loss Assessment seasons for short duration crops or during the Phone: (02) 441-1324
·· A Team of Adjusters (TA) composed immediately preceding policy year for annual, Fax: (02) 361-8983
of at least two (2) members deputized biennial, perennial and other seasonal crops Email Address: rmg@pcic.gov.ph
by PCIC shall verify the claim and grown only once a year, not subject of any
submit its findings thereon to the RO claim, which may be used to finance premium
credit applicable to renewal premium for the
concerned for settlement.
immediately following crop season/year.
Visit us at:
http://pcic.gov.ph
REVISED JULY 2018