United India Insurance Co. Ltd vs Leisure Wear Exports Ltd

The Supreme Court upheld the decision of the National Consumer Disputes Redressal Commission, affirming that the United India Insurance Company Ltd. is liable to compensate Leisure Wear Exports Ltd. for the loss of goods under the Open Marine Policy issued on 13.06.1996. The Court emphasized that the insurance policy was valid at the time of loss and covered the risk of goods in transit, thus establishing the insurer's obligation to indemnify the insured. The judgment reinforces the principle that an insurer cannot deny liability when the policy is in force and the loss falls within its coverage.