The Supreme Court observed that it is not permissible to rewrite the contract while interpreting the terms of the Insurance Policy.
The bench of Justices Sanjiv Khanna and Bela M. Trivedi said that the terms of insurance policy have to be strictly construed. In a contract of insurance there is a requirement of Uberrima fides i.e. good faith on the part of the assured, the court said.
Case name and Citation: Life Insurance Corporation of India vs Sunita | LL 2021 SC 617
Case no. :SLP(C) 13868 OF 2019
Coram: Justices Sanjiv Khanna and Bela M. Trivedi