IDV calculator
Compute the Insured Declared Value of your car using IRDAI's depreciation schedule. The IDV is what you'd be paid on a total-loss claim.
Your vehicle
Pick from the catalogue or override the ex-showroom price if your variant isn't listed.
Default: ₹9,25,000 · pulled from catalogue.
Age today: 2 yr
How we got here
IDV = ex-showroom × (1 − depreciation%). The depreciation comes from IRDAI's Motor Tariff 2002 §3.3.
| Vehicle age | Depreciation | Notes |
|---|---|---|
| New (≤6 mo) | 5% | — |
| 6 mo – 1 yr | 15% | — |
| 1 – 2 yrs | 20% | — |
| 2 – 3 yrs | 30% | Your vehicle is here |
| 3 – 4 yrs | 40% | — |
| 4 – 5 yrs | 50% | — |
| 5+ yrs | — | Mutually agreed |