Insured Beneficiary definition

Insured Beneficiary means individual customers of the Insured who have purchased the Insured Property from the Insured and are covered under the Master Policy.
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Insured Beneficiary means individual Card holders of the group covered under the Master Policy.
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Insured Beneficiary means members of the group covered under the Master Policy.
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Examples of Insured Beneficiary in a sentence

  • The deductible shall apply for each and every loss arising out of the perils in respect of which the Insured Beneficiary is indemnified by this section.

  • Jewellery and Valuables at the time of destruction or damage in the custody of or being used by anyone other than the Insured Beneficiary or his/her Immediate Family Members to whom the said Jewellery and Valuables item is entrusted.

  • The Insured would continue to be responsible for facilitating the claim for coverage provided prior to date of termination to the full extent of the risk cover period provided to the Insured Beneficiary under Certificate of Insurance.

  • During the Policy Period of the Master Policy, the Insured may cancel the Master Policy at any time by giving at least 15 days written notice to the Company and also intimating the same to the Insured Beneficiary.

  • If, at the time of any claim, there is, or but for the existence of Certificate of Insurance read with this Policy, the Insured Property would be covered under any other insurance policy of indemnity or insurance in favour of or effected by or on behalf of the Insured Beneficiary applicable to each of such claim, then the Company shall not be liable to pay or contribute more than its rateable proportion of any loss or damage.

  • Loss or damage due to or contributed to by the Insured Beneficiary having caused or suffered anything to be done whereby the risks hereby insured against were unnecessarily increased.

  • No refund shall be made in respect of Certificates of Insurance cancelled by the Company on which claim has been lodged by the Insured Beneficiary or a person on behalf of the Insured Beneficiary.

  • Holder would continue to be responsible for facilitating the claim for coverage provided prior to date of termination to the full extent of the risk Policy Period provided to the Insured Beneficiary under Certificate of Insurance.

  • Confiscation , commandeering , nationalization, requisition ,detention, embargo , quarantine , or any result of any order of public or government authority, which deprives the Insured Beneficiary of the use or value of its Insured Property; 3.

  • Contents from any safe following the use of a key to gain access to the safe, or any duplicate thereof belonging to the Insured Beneficiary unless such key has been obtained by Robbery.


More Definitions of Insured Beneficiary

Insured Beneficiary means individual members enrolled under the Group Policy by the Group Manager and whose pet/s is/are covered under the Group Policy as per the terms and conditions of Group Policy and Certificate of Insurance.
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Insured Beneficiary means any person who is included by the Law, and insured by an insurance company.
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Insured Beneficiary means the Loanee Farmers or Non-Loanee Farmers who are covered for the Risk covered under this Policy.
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Insured Beneficiary means members of the group covered under the Master Policy and/or referred as YOU/He/She/His/her elsewhere in the document, who owns the Property insured
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Related to Insured Beneficiary

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Successor of a beneficiary means a person who succeeds to substantially all of the rights of a beneficiary by operation of law, including a corporation with or into which the beneficiary has been merged or consolidated, an administrator, executor, personal representative, trustee in bankruptcy, debtor in possession, liquidator, and receiver.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Spouse means, an individual who,

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability Benefit means the benefit set forth in Article 8.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.