"Contracts of Insurance are prepared by the insurer having a standard format upon which a consumer is made to sign. He has a very little option or choice to negotiate the terms of the contract, except to sign on the dotted lines. The insurer, who being the dominant party, dictates its own terms, leaving it to the consumer, either to take it or leave it. Such contracts are obviously one-sided, grossly in favour of the insurer due to the weak bargaining power of the consumer," the bench said.from Industry-Economic Times
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