March 29, 2024 14:46 (IST)
The Significance of Validating the IDV for Your Vehicle: Are You on Track?
IDV stands for Insured Declared Value. It is the maximum sum assured by an insurance company in case of a total loss or theft of a vehicle. It represents the current market value of the insured car. In car insurance, the IDV plays a crucial role in determining the premium amount and the claim settlement.
COVID-19 impact: Vehicle sales down by 65 pc in May
New Delhi/UNI: COVID-19 induced lockdowns and other restrictive measures in various states have led to a sharp decline in domestic automobile sales figure in May 2021, data released by Society of Indian Automobile Manufacturers (SIAM) on Friday showed.
Latest Headlines
COVID-19 impact: Vehicle sales down by 65 pc in May Fri, Jun 11 2021