Commercial firm pays insurance premium. PCIC Regional Office 2 (RO 2) Manager Mario Lumibao (2nd from right), along with Marketing and Sales Chief Ma. Concepcion Ventura (left), receives the insurance premium payment from Universal Leaf Philippines Inc. (ULPI) Vice President for Finance Joycee Lyn R. Dumlao, (2nd from left) and Accounting Manager Eric Baccay.
The Philippine Crop Insurance Corporation (PCIC) Regional Office No. 2 has extended its services to more than 1,800 tobacco farmers who are contract growers of tobacco manufacturer Universal Leaf Philippines, Inc. (ULPI). The farmers are from the towns of Benito Soliven, San Mariano, Gamu, Naguilian, Reina Mercedes, Tumauini, and the City of Ilagan.
The initiative is a product of negotiations between the PCIC and ULPI, where the parties decided to give free insurance to farmer-beneficiaries under the special coverage program of the PCIC. Under the agreement, ULPI pays PCIC the premium for the insurance, insuring the crops at no cost to the farmer.
“We thank the ULPI for working with PCIC to offer free insurance to its contract farmers,” RO 2 Manager Mario Lumibao said.
The insurance, which is under PCIC’s high value crops insurance program, protects the crop from natural disasters, pests, and diseases.