Motor Insurance · Depreciation Slabs
IDV Calculator
Estimate Insured Declared Value (IDV) for car/bike insurance using ex-showroom price and standard depreciation by vehicle age.
6
Age Slabs
₹
IDV Output
Instant
Result
IDV Calculator
Enter the ex-showroom price and select your vehicle age. We’ll apply the depreciation slab and estimate IDV.
Ex-Showroom Price (₹) ₹6,00,000
Tip: Use the original invoice ex-showroom price (before accessories).
Vehicle Age
Formula: IDV = Ex-showroom price − Depreciation value. Depreciation % is chosen from the age slab.
How It Works
Understand IDV in 30 seconds
IDV (Insured Declared Value) is the insurer’s assessed value of your vehicle. It typically reduces over time due to depreciation. A higher IDV can increase premium but may offer higher claim value, while a lower IDV may reduce premium but also reduce claim settlement value.
This calculator uses standard slab-based depreciation percentages and applies them to the ex-showroom price to estimate IDV.