Insurance
IDV Calculator
Insured Declared Value of your vehicle — the maximum a total-loss claim will pay.
₹12 L
₹20,000₹12,00,000₹5 Cr
036 months240
Insured Declared Value
₹8,40,000
- Depreciation applied
- 30.00%
- Vehicle age
- 3 yr 0 mo
- Indicative own-damage premium
- ₹25,200
What this means.Insurers often quote a lower IDV to show a cheaper premium. If your car is stolen or written off, the IDV is exactly what you receive — so a ₹50,000 lower IDV to save ₹1,500 of premium is a bad trade.
Worth knowing.Results are estimates based on the assumptions you enter. Actual outcomes depend on the exact terms offered to you, the compounding convention your institution uses, and tax law as it applies to your situation. Nothing here is personalised advice.
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