04/09/2026
RO IX highlights agricultural insurance in BSP’s financial literacy caravan
Agricultural insurance plays a vital role in protecting the livelihoods of farmers and fisherfolk against losses caused by natural calamities, pests, and diseases.
PCIC Regional Office IX emphasized this during the Economic and Financial Learning Program for the Agriculture Sector of the Bangko Sentral ng Pilipinas (BSP) held in Zamboanga City.
“Agricultural insurance is not an expense – it is a safety net that enables our farmers and fisherfolk to recover, replant, and rebuild after a disaster strikes,” RO IX Marketing Chief Isagani Templanza said.
Templanza presented PCIC’s insurance products and discussed the risks covered under each product. He also explained the premium subsidy scheme which makes agricultural insurance more accessible to smallholder farmers and fisherfolk.
He also guided the participants through the claims process, from reporting a loss and submitting the required documents to receiving indemnity payments. He shared examples demonstrating how complete documentation can help facilitate the timely processing and settlement of claims.
BSP representatives commended RO IX for helping the participants better understand the agricultural insurance products and services available to them.
RO IX also maintained an information desk during the post-program account onboarding session where participants received information on PCIC’s insurance programs and application procedures.