Calculator — Motor
Same flat fee on every planWhat's a fair IDV for my vehicle?
The IDV (Insured Declared Value) is your safety net if the vehicle is totalled or stolen. Insurers play games with this number — here's what's fair.
Five quick inputs.
Vehicle type
Year of manufacture
Fuel
City
Ex-showroom price (when bought new)
Methodology
IRDAI depreciation schedule: <6mo 5%, <1yr 15%, <2yr 20%, <3yr 30%, <4yr 40%, <5yr 50%, ≥5yr 60-70%. Fair IDV band = ±8-10% around the depreciated value.
Read the full methodology →Want the exact number — not an estimate?
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