Insurance renewal

[kevinaloor]

Hi everyone,

My car is ready for its first renewal, and I’m considering taking RTI (Return to Invoice). I have a few questions regarding IDV (Insured Declared Value) and RTI, and would appreciate some advice:

1. Should I go with the depreciated IDV with RTI, or should I increase the IDV with RTI?
2. If I don’t increase the IDV value now, after 4 years when RTI possibilities are over, my IDV will be significantly less. At that time, I won’t be able to get RTI either. What would be the best approach considering this?

Details:
- Car: Celerio (Fully Automatic 2023)
- Ex-showroom price: ₹714,500
- Default IDV by Maruti: ₹571,600

Looking forward to your suggestions!

Thanks,
Kevin

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[G Sharma]

Hi if you are taking the RTI then you can go For depreciated IDV bcos if their any misfortune happen then your RTI cover the whole invoice value plus RTO expance & if there is some accident happened and you repair it through your zero dep adon.