[ruskinash]

Originally Posted by mayank4823

I purchased a new car which costed me 18.50 L on road. The invoice of the car shows the value as 15.85 Lac only. Is this normal or was it done to deliberately decrease my insurance premium while negotiating on that ? The invoice doesn’t mention Insurance Premium, RTO Fees, Service Value Package but even after adding all those things, The total doesn’t come out to be 18.50 L. I have opted for RTI so i’ll get 18.50 Lac or 15.85 L ?

Another question is - While renewing Insurance next year, should I go for Max IDV possible or should it be 10% less than the IDV in previous year Insurance policy ?

The Insurance premium is on the ex-showroom price.
RTI = Ex-showroom price + Registration Charges + Road Tax

You can opt for a higher IDV. This is in agreement with you and the insurer, and the traditional clause of depreciation does not apply.

[TurboSaty]

Hi everyone,

I am about to purchase the very first car in my family. I've booked the Mahindra XUV700 AX7L AWD. Yesterday I got a call from the dealership the my car has reached their stockyard and I've completed the PDI yesterday itself (With a lot of help of TeamBHP's checklist). While talking to the salesperson about the insurance and what all addons I can include, I suggested him to add Return-to-Invoice along with Zero Depreciation, Consumables, Engine Protection and Road Side Assistant.
He suggested me to not to include Return-to-Invoice as it will drastically increase the price of the insurance while the validity will be just upto 1 year, after which I have to renew the RTI along with my first party insurance every year. He also stated that if I renew it next year, I'll be getting the RTI value equivalent to deprecated value of my car.
Since I am absolutely new to car purchasing I am not sure what is right thing to do. Mahindra dealership didn't tell me about the insurance company from which I will be getting my car's insurance, so I can't even look into the company's terms and conditions or check the pricing online.
Here are few of my queries:
1. Is RTI really valid upto an year and from 2nd year onwards I'll get RTI amount equivalent to deprecated value of my car?
2. Is getting RTI add-on later is a good or bad idea?
3. Are there any add-ons I should choose or any from the ones I mentioned that I should avoid?

Thanks in advance!

[srivatchsan]

I have a quick question for one of my friends, who recently met with an accident. The car is in total damage; one casualty happened, and the case is ongoing. The question now is for Baleno's car; the IDV is 4.5 lacs, so will he get the IDV value? Or would you happen to know how this will go forward? Any thoughts/suggestions, please. I appreciate any help you can give me.

[NomadSK]

Originally Posted by srivatchsan

The question now is for Baleno's car; the IDV is 4.5 lacs, so will he get the IDV value?

Yes, he will get the IDV minus some change, depending on the processing charges and other star (*) conditions being met.

That’s what I got when I had claimed insurance for a totaled car.

Another eye opener was, till insurance claim was processed, I had parked the car at Honda service centre, (around 2-3 weeks in my case) and they charge for parking on their premises on daily basis, which I was totally unaware of and it was a significant amount I had to pay them.

[Lord-Lannister]

https://www.team-bhp.com/forum/india...e-look-55.html (2023 MG Hector Facelift : A Close Look)

I wanted to share my experience with RTI and Acko to give others a heads-up.

I bought my Hector in 2023 and insured it for the year 2023-24 with Acko, opting for the maximum IDV and all relevant add-ons, including RTI. When it was time for renewal in 2024-25, I renewed via the Acko app but didn’t realize that the RTI add-on was never offered. It wasn’t visible on the insurance renewal time nor the document page either, making it easy to overlook.

I only discovered this in 2025 while comparing other insurers, all of whom already seemed to know my car was due for renewal for 2025-26. Noticing that none of them offered RTI either, I went back to check Acko’s policy and realized they hadn’t included it the previous year either.

After reaching out to Acko’s support, I finally received a response confirming that they only offer RTI for the first year of a car’s policy—never for the second, third, or beyond. This was surprising, as the general understanding is that RTI is available for up to 3–5 years with most insurers.

Despite this, I reluctantly renewed with Acko for the third year, as most other insurers offered an extremely low IDV with no option to increase it. The only exception was TATA AIG, which offered an IDV of ₹22L at a ₹10K discounted premium. However, based on my past experiences with Tata companies, I decided to pass on that option.

Just wanted to give a heads up on anyone with Acko's auto renewal option, double and triple check the policy page before renewal as they don't necessarily offer the same add ons at the time of renewal.