Person to whom the Benefits are payable definition

Person to whom the Benefits are payable means the Policyholder, including Nominees or proving executors of administration or other legal representatives, as per the applicable Regulations

Person to whom the Benefits are payable means the Policyholder, including Nominees or executors of administration who are able to submit legally valid documents to the Company or other legal representatives, as per the applicable Regulations

Person to whom the Benefits are payable means the Policyholder, including Nominees or

Examples of Person to whom the Benefits are payable in a sentence

• Subject to the provisions and fulfillment of the conditions of this Policy, the Company agrees to pay to the Person to whom the Benefits are payable, the Benefits on the happening of the events in respect of which such person shall have furnished proof of happening of the event to the satisfaction of the Company, whereupon the Benefits are expressed to be payable.

• All taxes, duties, levies or impositions, including without limitation, any sale, use, value added service or other taxes, as may be imposed now or in future by any authority on the premiums and other sums payable to RLIC or RLIC’s obligations under the Policy or the Benefits payable under the Policy or in any way relating to this Policy, shall be borne and paid by the Master Policyholder or the Person to whom the Benefits are payable, as the case may be.

• All taxes, duties, levies or impositions, including without limitation, any sale, use, value added service or other taxes, as may be imposed now or in future by any authority on the premiums and other sums payable to RNLIC or RNLIC’s obligations under the Policy or the Benefits payable under the Policy or in any way relating to this Policy, shall be borne and paid by the Master Policyholder or the Person to whom the Benefits are payable, as the case may be.