[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.