Insurance Company Cannot Unilaterally Delete Policy Terms To Reduce Coverage : SC [Read Order]

Holding that a state-owned insurance company cannot act arbitrarily, the Supreme Court yesterday quashed the action of New India Assurance Company Ltd in unilaterally deleting policy terms to reduce coverage.The matter pertained to insurance policy issued to Twenty First Century Media Pvt Ltd, a sports markenting and management company, on October 15, 2010, covering the risk of cancellation...