United India Insurance Co.Ltd vs M/S.Harchand Rai Chandan Lal on 24 September, 2004
In
United India Insurance Co. Ltd vs Harchand Rai & Anr (2004) IV
CPJ 15 (SC), Hon'ble the Supreme Court has held that the policy
is a contract between the parties and both parties are bound by the
terms of the contract. It was further held that terms of the
contract has to be strictly read and natural meaning be given to it.
No outside aid should be sought unless the meaning is ambiguous.