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PIA Press Release
2007/11/15

PCIC prexy visits Tacloban

Tacloban City (15 November) -- Philippine Crop Insurance Corporation President, Lamberto R. Barbin arrives in Tacloban City today, in order to grace the inauguration and blessing of the new PCIC office in Tacloban, among others.

This was revealed by Manager Cresencio Deligero of the PCIC here in Region 8, who said that the blessing and inauguration of their new office will start with the offering of the Holy Sacrifice of the Mass at 10:00 o'clock in the morning.

Manager Deligero said that President Barbin will meet the local media in a Press Conference after the partaking of lunch at 11:00 o'clock in the morning.

PCIC President Barbin is the 5th President of PCIC who assumed his post in April of 2006.

PCIC, as an agricultural insurer, is committed to help stabilize the income of agricultural producers and promote the flow of credit in the countryside by providing insurance protection to qualified farmers and other agricultural stakeholders against losses of their crops and produce, including their fam machineries and equipment, transport facilities and other related infrastructures arising from natural calamities, pest and diseases and other perils beyond their effective control.

PCIC also extends innovative and client-responsive insurance packages and other services through peoples organizations, including farmers cooperatives, agricultural lenders and service providers.

With the recent developments of croppers needs, PCIC, under the leadership of President Barbin, opened up a wide range of insurance packages called the Term Insurance Power Packages (TIPP). The TIPP includes the Agricultural Stakeholder and Producers Protection Plan (ASP3) which extends a year-long insurance for the life of fishers and farmers in case of death due to natural causes, murder and assault.

Another innovation is the Accident and Dismemberment Security Scheme (ADS2), which cover the farmers and fishers from dismemberment due to on-farm accidents.

The most innovative protection program however is the Loan Repayment and Protection Plan (LRP2) which binds the PCIC to assume the debt of the debtor in case of death and or total permanent disability and simultaneously relieves the co-maker of his burden of assuming the loan obligations.

These innovations were crafted in line with President Gloria Macapagal Arroyo's programs that hopes to be beneficial to the farmers and the Filipino people. (PIA 8) [top]

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