Buy/Renew Car Insurance Online - ABCD Aditya Birla Capital

Download

Download the ABCD app

Unlock Financial Tools, Investment Insights, And Expert Guidance – All In One Convenient App !

Visit Our ABCD Page

PLAY STORE Discover Convenience Like Never Before

APPSTORE

1800 270 7000

Payments

About Us

Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,000 employees, the businesses of ABCL have a nationwide reach with over 1,742 branches and more than 200,000 agents/channel partners along with several bank partners.

Nationwide Branches

1,742

No. of Employees

66,000

Agents/Channel Partners

2,00,000+

Aggregate Assets

INR 6 Lakh Cr

Consolidated Lending Book

INR 1.90 Lakh Cr

GET IN TOUCH

Loans

Investments

Insurance

Loans

Investments

Insurance

Advisor

Select Advisor

Health Insurance

Housing Finance

Life Insurance

Mutual Funds

Personal Insurance

SME Finance

Stock & Securities

All You Need To Know About Insurance Policy

All You Need To Know About Insurance Policy

All You Need To Know About Insurance Policy

Home Loan

Find customised home loan solutions for your unique needs

Balance Transfer

Find a better interest rate for your existing home loan

Top up Home Loan

Get a loan on your existing home loan to meet your needs

Loan Against Property

Turn your assets into a financial ally

Credit Track

Discover your financial fitness - check your credit score

Check Now

Home Loan EMI Calculator

Get an estimate of your Home Loan EMI now

Calculate Now

Mortgage Calculator

Calculate your Loan amount for your Current property

Know More

Home Loan Eligibility Calculator

Are you eligible for a Home Loan? Find out now!

Calculate Now

What is Car Insurance?

Car insurance is a contract between you and an insurer that financially protects you in case of accidents, theft, or damage to your vehicle. In India, it's also a legal requirement every car owner must have at least third-party coverage to drive on public roads.

With traffic on the rise and roads becoming busier, having the right car insurance policy gives you peace of mind every time you drive. Whether you're exploring car insurance for a new car, planning a smooth car insurance renewal online, or ready to buy car insurance online, the right plan keeps you protected.

Our Car Insurance Plans at a Glance

Buying a car is a big financial decision, and it directly impacts your car insurance policy too. Whether you go for a brand-new car or a second-hand car, understanding the cost, insurance implications, and long-term value is essential. Here's a quick comparison to help you decide:

There's a perfect policy for every type of car owner. Whether you want legal compliance or complete protection, car insurance in India offers flexible options to match your needs.

Here's a quick comparison to help you understand the difference between Own Damage, Third-Party, and Comprehensive motor insurance.

Feature	Own Damage Insurance	Third-Party Insurance	Comprehensive Insurance
Coverage	Covers damage to your own vehicle or theft	Covers only third-party liabilities	Covers both own damage and third-party liabilities
Add-ons	Available	Limited add-ons available	Available
Tenure	1 year	1 year, 3 years or 5 years	1 year
Premium	Based on the vehicle's IDV	Fixed by IRDAI	Based on IDV + third-party premium (fixed by IRDAI)

Tip: If you're looking for complete peace of mind and broader protection, a comprehensive car insurance policy with useful add-ons like Zero Depreciation or Engine Protection could be your best bet.

Choose The Right Option

Own damage four-wheeler plan

Available if you have an existing third-party policy
Covers only the damages suffered by the car
Offered for one year
Range of optional add-ons to boost the coverage like Personal Accident, Zero Depreciation and more

Third-party liability plan

Annual or 3-year coverage
Covers third party liabilities
Low premiums as determined by the IRDAI (Insurance Regulatory and Development Authority of India)

Comprehensive car insurance plans

Covers both own damage and third party liability
Personal accident coverage
Optional add-ons to boost coverage

Types of Car Insurance Policy in India

Every car owner has different needs when it comes to protecting their vehicle. That’s why it’s important to understand the main types of car insurance policies available in India, so you can make an informed choice based on your usage, budget, and level of protection required.

Third-Party Car Insurance

This is the most basic and legally mandatory form of four-wheeler insurance. It covers any damage caused to another person or their property due to an accident involving your vehicle. It also includes compensation in the event of injury or death of a third party. While this type of car insurance policy doesn’t cover any damage to your own vehicle, it ensures you stay compliant with the Motor Vehicles Act.

Own Damage (OD) Insurance

This standalone cover is designed to protect your own vehicle against damage resulting from accidents, theft, fire, natural disasters, and more. It’s ideal if you already have a third-party policy and want to enhance your protection. Premiums are calculated based on your car’s Insured Declared Value (IDV) and age.

Comprehensive Car Insurance

This is an all-in-one policy that covers both third-party liabilities and own vehicle damage. It also offers the flexibility to include add-ons like Zero Depreciation, Engine Protection, Roadside Assistance, and more. Comprehensive insurance is highly recommended for those looking for complete peace of mind and extensive coverage under one plan. It is often considered among the best car insurance policy choices available today.

Personal Accident Cover

This cover provides financial protection in case of injury, disability, or death of the owner-driver due to a road accident. It covers medical expenses up to the limit specified in the policy along with lump sum compensation. As per regulations, this cover is mandatory and must be included with any car insurance plan—unless already active under another vehicle policy.

Zero Depreciation Insurance

Available as an add-on with a comprehensive car insurance policy, Zero Depreciation ensures you receive the full claim amount without any deduction for depreciation on car parts. It’s especially useful for new or high-value vehicles, but many insurers extend it to cars up to 7–10 years old. It significantly improves your claim benefits and is a smart choice for cost-conscious 4-wheeler insurance buyers. Whether you're buying a new vehicle or going for a car insurance renewal online, it's simple to choose the right coverage tailored to your needs.

What Is Not Covered by a Four-Wheeler Insurance Policy?

While a car insurance policy offers vital protection, knowing the exclusions is equally important. Here’s what is not covered under standard plans:

Mechanical Breakdown

Any electrical or mechanical failures that aren't a result of an accident are excluded from coverage.

Wear and Tear

Natural ageing, rusting, and gradual wear and tear of your vehicle are not covered.

Driving Under Influence

If the driver is found under the influence of alcohol or drugs during the accident, the claim will be denied.

Using a Car for Commercial Purposes

Policies meant for private vehicles don’t cover damages incurred while using the car for commercial or rental purposes.

Nuclear Risks

Loss or damage caused by nuclear events or radiation exposure is not included.

War and War-Like Situations

Any damage resulting from war, invasion, or military action is excluded from your policy.

What Is Covered Under a Four-Wheeler Insurance Policy?

A four-wheeler insurance policy, especially a comprehensive car insurance policy, offers wide-ranging protection for your car. It safeguards you from a variety of unfortunate situations, ensuring financial relief when you need it most. Here’s what’s typically covered:

Accidental and Collision Coverage

Covers repair or replacement costs if your vehicle is damaged in a road accident or collision.

Theft and Burglary

If your car is stolen or forcefully broken into, the insurer compensates you up to the Insured Declared Value (IDV).

Fire and Explosion

Provides coverage for damage or loss caused by fire, explosion, or self-ignition of the vehicle.

Natural Calamities

Includes protection from floods, earthquakes, landslides, cyclones, and other natural disasters.

Riots and Strikes

Covers loss or damage resulting from riots, vandalism, political disturbances, and civil commotion.

Falling Objects

Protects your car from damage caused by falling trees, poles, or debris during storms or accidents.

Third-Party Liability

Covers legal liabilities arising if your car causes injury, death, or property damage to a third party.

Personal Accident Cover

Offers financial compensation to the owner-driver in case of permanent disability or accidental death.

Choose the Right Car Insurance Option

Every car owner has different needs, and selecting the right car insurance policy depends on the level of protection you're looking for. Here's a quick overview to help you decide:

Own Damage Car Insurance Plan

Suitable if you already have a valid third-party policy
Covers damage to your own vehicle due to accidents, fire, theft, or natural disasters
Offered as a one-year standalone policy
Optional add-ons like Zero Depreciation, Engine Protection, and Personal Accident Cover can be included for enhanced protection

Third-Party Liability Car Insurance

Mandatory under Indian law
Covers legal and financial liabilities arising from injury, death, or property damage caused to a third party
Available with 1-year or long-term (3-year) coverage options
Premiums are affordable and regulated by IRDAI

Comprehensive Car Insurance Plan

Offers all-round protection by covering both own damage and third-party liabilities
Includes Personal Accident Cover for the owner-driver
Wide range of add-ons like Roadside Assistance, Consumables Cover, and more available for extended protection
Ideal for those looking for complete peace of mind

Reasons to Buy Car Insurance Online

We’re committed to making your car insurance online experience faster, smarter, and more rewarding. Here's why buying your policy online is the preferred choice for millions of Indian four-wheeler insurance owners:

Benefit	Why It Matters
Cost Savings	Online policies are cheaper as they avoid agent commissions and office overheads.
100% Paperless Process	No lengthy forms or documentation, just fill in your details and you're good to go.
Time-Saving & Convenient	Skip the queues—buy car insurance online anytime, anywhere from the comfort of your home.
Instant Policy Issuance	Get your policy in minutes, directly to your email and phone.
Secure Digital Backups	Never worry about losing your policy—your documents stay safe in your inbox.
Easy Comparisons	Compare car insurance quotes, features, and add-ons from insurers instantly.
Automated Renewal Reminders	Stay protected year after year with timely reminders via SMS and email.

With us, car insurance renewal online is not just easier—it’s smarter, safer, and more cost-effective.

Car Insurance Price For Different Four-Wheelers

One of the most common questions is, “How much will my car insurance cost?” The answer depends on the car type, engine capacity, IDV (Insured Declared Value), location, and selected add-ons. Here's a quick comparison:

Vehicle Type	Car Example	Approx. Annual Premium (Comprehensive)
Hatchback	Maruti Swift, Hyundai i10	₹6,000 – ₹8,500
Sedan	Honda City, Hyundai Verna	₹8,500 – ₹12,000
SUV	Hyundai Creta, Tata Harrier	₹11,000 – ₹17,000

Note: These are indicative premiums for cars less than 5 years old in metro cities with standard coverage and no claims.

Opting for the best car insurance in India with add-ons like Zero Depreciation or Engine Protection can slightly increase premiums, but offers much better coverage. Use our platform to get a real-time quote for car insurance and save more.

Old Car vs New Car

Parameter	New Car	Second-Hand Car
Initial Cost	High upfront cost due to market price and taxes	Lower upfront cost, better value within budget
Depreciation	Loses value quickly in the first 2–3 years	Already depreciated; future value remains relatively stable
Insurance Premium	Higher premium based on higher IDV	Lower premium due to lower IDV
Registration Charges	One-time RTO, road tax, and other fees payable	Already paid by previous owner; no extra charges
Accessories	Add-ons like alloy wheels, spoilers come at a cost	Often included by the previous owner at no extra price
Vehicle Condition	Brand new; zero wear and tear	Needs inspection; depends on usage and maintenance
Warranty	Covered under manufacturer warranty	Some organised dealers offer limited warranty
Environmental Impact	High manufacturing emissions	Eco-friendly by reducing the need for new production
Documentation	Fresh documents generated	Must verify original RC, invoice, insurance, etc.
Insurance Tip	Buy car insurance with add-ons like Zero Dep recommended	Policy transfer and claim history check is essential
Claim History	Clean claim record starts from scratch	Review existing claim history before policy transfer
No Claim Bonus (NCB)	Earn NCB over time	May benefit from seller’s unused NCB if eligible

Whether it’s a new or used car, securing the best car insurance ensures financial protection and peace of mind.

Documents Required for Filing a Car Insurance Claim Online

Before you secure your 4-wheeler insurance, keep these documents ready. While many policies can be issued instantly, these may be required, especially for renewals or claims:

Eligibility criteria

Identity Proof
- Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Driving Licence
Address Proof
- Aadhaar Card, Voter ID, Passport, Driving Licence
- Utility Bill (Electricity/Water)
- Registered Lease Agreement

Eligibility criteria

Vehicle-Related Documents
- Registration Certificate (RC) of your vehicle
- Previous Insurance Policy (for renewals)

Photograph
- Recent passport-size photograph (only if requested)

Get Started with car insurance

How to Buy Car Insurance Online?

Buying a car insurance policy through the ABCD App is simple and convenient. Follow these steps:
Step 1: Log in to the ABCD App and go to the "Motor Insurance" section under Insurance.
Step 2: Enter your car's registration number and other required vehicle details.
Step 3: Compare car insurance quotes from multiple top insurers, select useful add-ons like Zero Depreciation, and adjust your IDV.
Step 4: Choose the best plan that fits your needs and pay the premium using UPI, debit/credit card, or net banking.
Step 5: Your policy is instantly issued and sent to your email. Need help? Our support team is just a tap away.
You can easily buy car insurance online for new cars or during car insurance renewal, all from the comfort of your home.

How to Renew Car Insurance Policy Online?

Completing your car insurance renewal online via the ABCD App is quick and stress-free:
Step 1: Log in to the ABCD App and go to the “Motor Insurance” section.
Step 2: Enter your car’s registration number and previous policy details.
Step 3: Compare renewal options, select useful add-ons, and update your IDV (ideally not more than 10% lower than last year).
Step 4: Choose a plan that suits your needs and pay using UPI, debit/credit card, or net banking.
Step 5: Your renewed policy is instantly issued and sent to your email and app.
Use ABCD to renew car insurance policy online and stay protected with the best car insurance in India.

How to Claim Car Insurance?

Raising a claim under your 4 wheeler insurance policy is simple. Follow these steps:
Step 1: Inform your insurance provider about the incident via toll-free number or email.
Step 2: Submit the claim form along with necessary documents like RC, policy copy, and driving licence.
Step 3: Get a repair estimate from a garage and have the insurer’s surveyor inspect the vehicle.
Step 4: Move the car to a network garage for repairs after the survey is complete.
Step 5: Submit the final invoice.
For cashless claims, the insurer pays the garage directly.
For reimbursement, share bills to get your money back

Customer Satisfaction Stories

Hear from our customers what they have to say about their experience.

Mr. Manish Mandhani

Aditya Birla Sun Life Insurance Customer

Due to seamless branch support and timely communication from ABSLI, my maturity payout process was quite smooth.

Mr. Bansal

Aditya Birla Sun Life Insurance Customer

Haryana, India

Mr. Sandip Prajapati

Aditya Birla Sun Life Insurance Customer

Entire surrender process was quite smooth with timely documentation and payout. Great experience!

Mr. Ganvit

Aditya Birla Sun Life Insurance Customer

Gujarat, India

ABCD - One app for
all your insurance needs

Secure your vehicle against loss, damages and third-party liabilities. Buy motor insurance plans in a few steps with the ABCD app.

Choice of plans for both bikes and cars
Simple online process to buy and renew motor insurance
One-click premium payments and instant policy issuance

Download our mobile app now

PLAY STORE

APP STORE

Scan the QR code to download our Mobile App

Download our mobile app now

PLAY STORE

APP STORE

Understanding Car Insurance

Table of Contents

What is Car Insurance ?What are the features of Car Insurance?What are the benefits of Car Insurance?Common Car Insurance terminologies?What Factors Affect the Car Insurance Premium? What Factors Impact Insured Declared Value (IDV) in Car Insurance?How is the IDV calculated under car insurance plans?How much No Claim Bonus is available under Car Insurance plans?

What is Car Insurance ?

Car Insurance is an insurance policy for private cars. It covers the damages the car might suffer and compensates for the financial loss.

Car Insurance also covers damages caused by the car to third parties and pays the underlying financial liability on your behalf.

Every car must have a car insurance policy to run on Indian roads legally.

What are the features of Car Insurance ?

A car insurance policy offers several essential features that help protect your car and finances in case of accidents, theft, or third-party damage. Whether you choose comprehensive, own-damage, or third-party cover, the features offer peace of mind on the road.

Multiple Plan Options :
Choose between comprehensive, third-party, or standalone own-damage plans based on your needs.
Long-Term Third-Party Cover for New Cars :
Car insurance for new cars includes a 3-year third-party policy as mandated by law.
Personal Accident Cover :
Receive a lump sum benefit in case of accidental death or permanent disability.
Third-Party Liability Protection :
Offers unlimited liability coverage for third-party injuries or deaths caused by your vehicle.
Easy Claims :
Enjoy cashless claims at network garages or opt for reimbursement based on your convenience.
Explore and buy car insurance online for quick access to these features from the comfort of your home

What are the benefits of Car Insurance ?

Having a car insurance policy is more than just meeting a legal requirement—it’s about protecting your finances and your vehicle. Here are some key benefits of choosing the best car insurance in India:

Legal Protection

Covers third-party injury, death, or property damage, helping you avoid legal and financial liabilities.

Financial Security

Covers expenses due to accidents, theft, natural disasters, and more, giving you peace of mind.

Legal Compliance

Buying a four wheeler insurance policy fulfils the law and helps avoid fines or legal trouble.

Affordable Premiums

Car insurance quotes are budget-friendly, and you can lower your premium through No Claim Bonus and other discounts.

Customisable Coverage

You can enhance protection with add-ons like Zero Depreciation, Roadside Assistance, and more.
With ABCD, you can easily buy car insurance online or renew car insurance policy online with flexible options that suit your needs.

Common Car Insurance terminologies ?

Understanding basic terms helps you make informed decisions when you buy car insurance or check car insurance quotes.

Insured Declared Value (IDV)

Represents your car’s market value after depreciation and forms the base for premium calculation and claims.

Compulsory Deductible

A fixed amount you must pay out of pocket during a claim; the rest is covered by the insurer.

Voluntary Deductible

An extra deductible you choose to pay to lower your car insurance premium.

Add-ons

Extra features like Zero Depreciation, Engine Protection, and more that can be added to enhance your car insurance policy.

No Claim Bonus (NCB)

A discount on premium at renewal if no claims were made in the previous year.
These terms are key when choosing the best car insurance policy and during car insurance renewal online.

What Factors Affect the Car Insurance Premium?

Your car insurance premium is calculated based on various factors. Knowing these helps when comparing car insurance quotes or deciding to renew your car insurance policy.

Type of Policy

Comprehensive plans have higher premiums than basic third-party insurance due to wider coverage.

Insured Declared Value (IDV)

Higher IDV means better coverage but also increases your premium.

Age of the Car

Older cars usually have lower premiums due to higher depreciation.

Location of Registration

Cars registered in metro cities attract higher premiums due to more risk of accidents or theft.
When you buy car insurance online, make sure to compare all these factors and choose the best car insurance that fits your vehicle and budget.

What Factors Impact Insured Declared Value (IDV) in Car Insurance?

Your car’s IDV affects how much you’ll receive in case of total loss or theft, and also determines the premium for your car insurance policy.

Age of the car

Older cars have lower IDV due to depreciation.
Type of car

Different vehicle types like hatchbacks or SUVs have different market values.
City of registration

Cars in metro cities may have a different risk profile.
Depreciation rate

Standard depreciation rates by IRDAI are applied.
Additional accessories

Extra fittings like music systems or alloy wheels affect IDV.
Always check your IDV while reviewing car insurance quotes or renewing your policy.

How is the IDV calculated under car insurance plans ?

The Insured Declared Value (IDV) is the estimated market value of your car and plays a major role in deciding your car insurance premium. It is the maximum sum insured you can claim in case of total loss or theft of your vehicle.

IDV Formula:

IDV is calculated by the following formula

IDV = (Car’s current market value - depreciation) + (Value of accessories - depreciation on accessories).

This calculation is done by the insurer based on the make, model, and age of your car. The higher the IDV, the higher the premium you’ll pay, but you’ll also get better coverage.

Depreciation Rates for IDV:

Age of the Car	Depreciation rate
Less than 6 months	5%
6 months – 1 year	15%
1 – 2 years	20%
2 – 3 years	30%
3 – 4 years	40%
4 – 5 years	50%
More than 5 years	Mutually decided

Always review the IDV when you buy car insurance or during car insurance renewal online, especially to ensure the right premium and claim value.

How much No Claim Bonus is available under Car Insurance plans?

A No Claim Bonus (NCB) is a reward given by insurers when you don’t make any claim during the policy year. It offers a discount on the premium when you renew your car insurance policy and encourages safe driving.

Here’s how the NCB percentage increases each year without a claim:

After 1 claim-free year: 20%
After 2 successive claim-free years: 25%
After 3 successive claim-free years: 35%
After 4 successive claim-free years: 45%
After 5 successive claim-free years: 50%

This discount can be availed when you renew car insurance policy online or even if you switch insurers. You must ensure the NCB certificate is transferred.
With ABCD’s platform, you can track your NCB, view the best options for car insurance online, and buy car insurance with the right benefits and rewards built in.

Super Top-up Health Plans

Boost health coverage with top up plans

Coverage up to Rs.1 crore
Buy online at affordable premiums

View Plans

Margin Trading Facility

Increase trading volume, leverage stock

Buy stocks on NSE/BSE
Cash or pledged stocks for margin trading

Know More

FAQs on Car Insurance

Yes, you can transfer your car insurance policy to the new owner. You’ll need to inform the insurer and submit ownership transfer documents.

Zero Depreciation cover lets you get a full claim without any deduction for part wear and tear. It’s ideal for new cars and highly recommended.

Yes, comprehensive car insurance covers natural disasters like floods, earthquakes, storms, and more—unless specifically excluded.

RTI cover pays the original invoice value of your car in case of total loss or theft. It bridges the gap between IDV and the actual cost.

Yes, you can buy car insurance even if your vehicle is not financed. Insurance is mandatory with or without a loan.

Other Plans

ABC Of Insurance

VIEW ALL ARTICLES

Protecting Solutions

PUC Certificate for New Car: Validity, Fees & More

21 February 2025

Protecting Solutions

Going Green in 2025: Electric Vehicles and the Tax Benefits You Need to Know

21 February 2025

Protecting Solutions

Role of Calculators in Effective Financial Planning

21 February 2025

Protecting Solutions

10 Things to Always Have in Your Vehicle At All Times

21 February 2025

Protecting Solutions

How to Check Your Vehicle Insurance Status Online

21 February 2025

Protecting Solutions

Vehicle Transfer RTO Forms 28, 29 and 30

17 February 2025

Protecting Solutions

RTO Form 35 - Hypothecation Cancellation Steps

13 February 2025

Protecting Solutions

Wrong-Side Riding Bike Fines: Penalties & Consequences

28 January 2025

VIEW ALL ARTICLES

Step 1

Step 2

Step 3

Finish

Car Insurance

Key Benefits

What is Car Insurance?

Our Car Insurance Plans at a Glance

Our Car Insurance Plans at a Glance

Choose The Right Option

Own damage four-wheeler plan

Third-party liability plan

Comprehensive car insurance plans

Types of Car Insurance Policy in India

Third-Party Car Insurance

Own Damage (OD) Insurance

Comprehensive Car Insurance

Personal Accident Cover

Zero Depreciation Insurance

What Is Not Covered by a Four-Wheeler Insurance Policy?

Mechanical Breakdown

Wear and Tear

Driving Under Influence

Using a Car for Commercial Purposes

Nuclear Risks

War and War-Like Situations

What Is Covered Under a Four-Wheeler Insurance Policy?

Accidental and Collision Coverage

Theft and Burglary

Fire and Explosion

Natural Calamities

Riots and Strikes

Falling Objects

Third-Party Liability

Personal Accident Cover

Choose the Right Car Insurance Option

​​Own Damage Car Insurance Plan​

​​Third-Party Liability Car Insurance​

​​Comprehensive Car Insurance Plan​

Reasons to Buy Car Insurance Online

Reasons to Buy Car Insurance Online

Car Insurance Price For Different Four-Wheelers

Car Insurance Price For Different Four-Wheelers

Old Car vs New Car

Old Car vs New Car

Documents Required for Filing a Car Insurance Claim Online

Eligibility criteria

Eligibility criteria

Get Started with car insurance

How to Buy Car Insurance Online?​

​​How to Renew Car Insurance Policy Online?​

​​How to Claim Car Insurance?​

Customer Satisfaction Stories

ABCD - One app for all your insurance needs

Understanding Car Insurance

What is Car Insurance ?

What are the features of Car Insurance ?

What are the benefits of Car Insurance ?

Legal Protection

Financial Security

Legal Compliance

Affordable Premiums

Customisable Coverage

Common Car Insurance terminologies ?

Insured Declared Value (IDV)

Compulsory Deductible

Voluntary Deductible

Add-ons

No Claim Bonus (NCB)

What Factors Affect the Car Insurance Premium?

Type of Policy

Insured Declared Value (IDV)

Age of the Car

Location of Registration

What Factors Impact Insured Declared Value (IDV) in Car Insurance?

Age of the car

Type of car

City of registration

Depreciation rate

Additional accessories

How is the IDV calculated under car insurance plans ?

IDV Formula:

IDV is calculated by the following formula

Depreciation Rates for IDV:

Own Damage Car Insurance Plan

Third-Party Liability Car Insurance

Comprehensive Car Insurance Plan

How to Buy Car Insurance Online?

How to Renew Car Insurance Policy Online?

How to Claim Car Insurance?

ABCD - One app for
all your insurance needs