Question

how to find insurance percentag​

Answer 1

which subject please name them

Answer 2

Answer :

the premium of OD cover is calculated as a pege IDV as decided by the indian motor

tarrif

thus formula to calculate OD. premium amount is : on damage premium = IDV X (premium rate

(decided by insurer ) + (add - ons)

example :-

insurred declared value or IDV of the vehicle

1. at any point your car is worth some value
2. simply put , IDV is the maximum amount that you can claim for any loss or accident of the vehicle
3. IDV. ex.showroom price of your car + cost of accessories ( if any ) - depreciation value as per IRDAI.