DAR, PCIC insure 500,000 ARBs
Over half a million agrarian reform beneficiaries (ARB) nationwide were given free insurance coverage under the recently signed deal between the Department of Agrarian Reform (DAR) and the Philippine Crop Insurance Corporation (PCIC).
A statement showed that DAR Secretary John R. Castriciones and PCIC President Jovy C. Bernabe already signed the memorandum of agreement that earmarks P1 billion for the insurance premium of 515,000 ARBs.
“The insurance program will be of great help to our farmer-beneficiaries since it guarantees that they can recoup farm losses that they may have incurred as a result of natural calamities,” Castriciones told members of the media at the Balay Kauswagan in Sagay City, Negros Occidental.
The insurance program, dubbed Agrarian Reform Beneficiaries-Agricultural Insurance Program (ARB-AIP), covers farmers’ crops damaged by diseases, pest infestation, and natural calamities, such as typhoons, floods, drought, tornado, earthquakes and volcanic eruptions.
Castriciones said the insurance program also covers the lives and limbs of the insured farmers and members of their families.
He stressed, however, that “only farmers listed under the Registry System for Basic Sectors in Agriculture (RSBSA)” can avail themselves of the insurance program.
Under the latest agreement, the DAR will be responsible in identifying the RSBSA-registered farmers and members of their families, assisting them in preparing required documents, endorsing them to the PCIC for insurance coverage, and ensuring that they are issued with certificates of insurance coverage or insurance policy.
The DAR will also take charge in the preparation and timely submission of the required document for the farmers’ indemnity claims and in the conduct of claims adjustment verification on notices of loss and claims filed by the concerned ARBs.
For its part, the PCIC will be responsible in providing insurance coverage and policies to qualified RSBSA-registered farmer-beneficiaries and members of their families, facilitating field assessment, settling of claims and furnishing the DAR with monthly status reports.