Beneficiary/Claimant definition
Beneficiary/Claimant means the person who is entitled to receive benefits under this Policy. The Beneficiary may be Life Assured or Policyholder or his Assignee or Nominees or proved Executors or Administrators or other Legal Representatives as the case may be.
Beneficiary/Claimant means the Life Assured (if alive) or Policyholder (if different from the Life Assured) or the Assignee or the Nominee or the legal heirs of Policyholder/ Nominee(s) to whom the benefits under the Policy will be payable.
Beneficiary/Claimant means the person who has been appointed by the Member as the nominee, and whose name has been entered in the Membership Register kept by the Policyholder, as being eligible to receive the benefits payable under the Policy on the death of the Member.
More Definitions of Beneficiary/Claimant
Beneficiary/Claimant means the person(s)/ entity who is/are entitled to receive benefits under this Policy. The Beneficiary to whom Benefits shall be payable is the Annuitant/Primary Annuitant or surviving named Secondary Annuitant or his Assignee under Section 38 of the Insurance Act, 1938 as amended from time to time or Nominees under Section 39 of the Insurance Act 1938 as amended from time to time or Proved Executors or Administrators or other legal representatives of the Annuitant(s) who should take out representation to his / her estate or limited to the monies payable under this policy from any court of any State or territory of the Union of India, as applicable.
Beneficiary/Claimant means (i) as to the Retained Proceeds Liens, each of (x) each Lender in its capacity as holder of any Retained Proceeds Claim that may arise and/or be outstanding from time to time, (y) each Lender in its capacity as holder of any Retained Proceeds Vessels Advance that may be made and/or be outstanding from time to time, and (z) Collateral Agent in its capacity as holder of any Agent Claims that may arise and/or be outstanding from time to time (all collectively under this clause (i), the “Retained Proceeds Beneficiary Claimants”), and (ii) as to the Additional Adequate Protection Liens, (x) each Lender (other than Pacific Western Bank) in its capacity as holder of any Adequate Protection Claim that may arise and/or be outstanding from time to time, and (y) Collateral Agent in its capacity as holder of any Agent Claims that may arise and/or be outstanding from time to time (all collectively under this clause (ii), the “Adequate Protection Beneficiary Claimants”).
Beneficiary/Claimant means Nominee/ Appointee (if Nominee is a minor) / Assignee / Your legal heirs (where