Contract of Insurance to be construed strictly: SC [Read Judgment]

There is no difference between a contract of insurance and any other contract, and that it should be construed strictly without adding or deleting anything from the terms thereof, the Bench said.The Supreme Court in M/s. INDUSTRIAL PROMOTION & INVESTMENT CORPORATION OF ORISSA LTD. VS. NEW INDIA ASSURANCE COMPANY LTD. & ANR. has reiterated that Contract of Insurance should be...