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Alicia S. Gonzales Vs. Asia Life Insurance Co. 092 Phil 197

ALICIA S. GONZALES, plaintiff-appellee, vs. ASIA LIFE INSURANCE COMPANY, defendant-appellant.

G.R. No. L-5188 | 1952-10-29

D E C I S I O N


BENGZON, J.:

On April 15, 1940, the defendant American Corporation issued its twenty-year endowment policy insuring the life of Celso R. Gonzales and designating the plaintiff Alicia S. Gonzales, as beneficiary. The premium was payable annually on or before April 15. The premiums for the first two years were duly paid. The premium accruing April 15, 1942 was not actually paid. But according to the court of first instance of Iloilo, where this case was tried, "On or before April 15, 1942 the premium for the third policy year was tendered to the branch office of the company in Iloilo City, but was not accepted because at...