United India Insurance Co. Ltd vs M/S. Hyundai Engineering And ...

The Supreme Court upheld the NCDRC's order directing United India Insurance Co. Ltd. to pay an insurance claim of Rs. 39,09,92,828/- under the Contractor’s All Risk Insurance Policy. The Court emphasized that the insurer's liability is determined by the policy's terms, specifically addressing exclusions related to faulty design and defective workmanship. The judgment reinforces the principle that insurers must honor claims unless explicitly excluded by the policy, thereby affirming the consumer's right to compensation under the insurance contract.