Bharti AXA CAR INSURANCE Know About Car Insurance IDV Quick Highlights Become Aware about the Intricacies of Car Insurance IDV What are the Different Components that Form Car Insurance IDV? How Can You Save Big on your Premium with the Help of Car Insurance IDV? Learn about the Role of Car Insurance IDV during Policy Purchase and Renewal Crucial Aspects to Take Care of When Considering IDV during Policy Purchase Become Aware about the Intricacies of Car Insurance IDV Every car, as per the make, model and the variant associated with the vehicle, has a particular market value. This market value is defined by the IDV of the car, which is essentially the Insured Declared Value. As per the standard definition of the term, the IDV is the listed price as defined by the manufacturer of the vehicle, without the inclusion of the depreciation amount. If you are a Car Insurance Policy Holder and are privy to theft or large scale damage of your car, the insurer is entitled to provide you the IDV of your car in the form of compensation. Hence, this is an important number to consider when buying or claiming an insurance policy. What are the Different Components that Form Car Insurance IDV? The IDV of your car is calculated by considering the following elements: Registration details associated with your vehicle The city where your car has been registered The registration date associated with your vehicle The registration type< Make, model and manufacturer of the car Cubic Capacity of the car Showroom Price of the car< Frequently Asked Questions (FAQs) Have questions on anything and everything related to insurance? We've hand picked questions with answers that will help you understand the nitty-gritty of everything related to insurance. What is NCB? This benefit is given to a customer at the time of renewal. It applies only on the OD premium. NCB discount is available for 5 years and it increases each year with the highest being 50%. Would I need assistance while buying a policy online? We have made our online buying process super-convenient. But we want to ensure you make an informed purchase. So, if you need our help at any point in time, remember that we are just a call away. MORE FAQs Explore Our Products Car Two Wheeler Travel Health Bharti AXA Advantages We've raised the bar in being your Car's ideal insurance companion 9.8 MILLION ISSUES CLEARED 3600+ CASHLESS GARAGES IN INDIA 101 BRANCHES ACROSS INDIA 24/7 CLAIM ASSISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Related Posts Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.