CAR INSURANCE
A practical guide to car insurance IDV, depreciation and renewal checks for Indian owners.
WHAT IDV MEANS
It is used mainly for theft, total loss and constructive total loss settlements.
DEPRECIATION SCHEDULE
The standard schedule reviewed as of October 2026 applies through the first five years.
WORKED EXAMPLE
On an illustrative ₹10,00,000 listed value after 20% age-based depreciation.
CTL CHECK
Crossing the stated threshold may indicate constructive total loss, subject to policy terms.
RENEWAL CHECK
Read IDV, deductibles, exclusions, salvage wording and add-on limits together.
READ THE FULL GUIDE
Numbers, comparisons and what to check next.
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