Please Note
Compensation under these circumstances will only be offered if you have already purchased the RTI add-on rider cover. If you don’t have this add-on cover, you will only be accountable to the car’s IDV in case of theft or total loss.
Step 1 – Simply view the invoice amount of your insured car.
Step 2 – The amount of claim can be almost equal to the invoice amount.
This type of car insurance provides coverage to third party life and property and does not cover the insured vehicle
This type of car insurance provides coverage to your vehicle as well as third party and property
This type of insurance provides coverage for your car’s damages and losses including events caused due to man made, natural calamities, and theft.
If you are in an area that is quite susceptible to natural calamities like causing irreparable damages.
If you live in an area where stealing cars happens frequently, an RTI cover will be applicable if you’ve purchased it.
If your car doesn’t have a suitable parking place & parked in unsecured locations, RTI will be of great help.
In case of an irreversible or irreparable damage, don’t worry about huge bills as RTI will be applicable.
RTI cover isn’t applicable if you just have a 3rd party car plan as it only covers third party liabilities.
After a specific no. of renewals, the insurer will not allow you to purchase an RTI as your car would be quite old & vulnerable to grave damage.
Minor damages are not applicable in RTI cover. As mentioned earlier, it is only applicable in theft or irreversible damage situations.
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RTI provides a great financial compensation equal to the invoice amount, if a new and expensive car undergoes permanent damage that’s beyond repair.
A plain car plan doesn’t offer a great level of financial security because of the IDV condition as much as an RTI add-on.
In case of irreversible damage, the insurer pays you an amount that’s nearest to your car’s value when it was bought for the first time.
RTI cover offers compensation in case of car theft which keeps you completely relaxed and free from worries.
RTI provides you with a great amount that is almost equal to your car’s original invoice amount.
RTI is available only with either comprehensive insurance or own damage car plan.
No, mostly RTI is allowed to be purchased only for cars that are less than three years old. In certain exceptions, it is allowed to be purchased for cars less than 5 years old.
If you’re a new car owner, RTI is highly recommended for you.
RTI is useful only in cases when your car is either lost, stolen or is damaged to such an extent that it cannot be repaired. However, Zero Depreciation is useful only in partial repairs for the damages of your car.
No, accessories are not covered.
It is quite possible that you may not receive the exact invoice amount as a compensation while you file the claim. It is subject to terms & conditions and might be different from company to company.
No, both of the add-on are beneficial when they are purchased at the relevant time. Both have their own timely advantages.
RTI is an add-on option which covers the gap between the insured declared value and the invoice value of the car. It's an option that will fetch you the entire amount of loss (the on-road price you paid for your car) that you incurred from losing it.
