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Thank you for your interest!

Our team will contact you shortly to provide personalized assistance with your insurance plan. Table Of Content Introduction What is Return to Invoice (RTI) Cover in Car Insurance?

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What happens if you do not choose RTI Cover?

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What is EP (Engine Protect) in Car Insurance? How to Save Money on Car Insurance The Impact of Driving Behaviour on Premiums Standalone Own Damage vs. Comprehensive Car Insurance: Which One is Right for You?

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Top Add-On Covers to Consider for Your Car Insurance

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Top Add-On Covers to Consider for Your Car Insurance

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IDV Or RTI: Which Car Insurance Cover Is Better For You?

13 July 2026

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Why is Return to Invoice (RTI) Cover Important for Financed Cars?

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What is the Key Difference Between IDV and Return to Invoice?

Return to Invoice (RTI) Definition Current market value after depreciation Original invoice value, including taxes Coverage Type Standard in every car insurance plan An optional add-on under comprehensive car insurance

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Why is Return to Invoice (RTI) Cover Important for Financed Cars?

Return to Invoice (RTI) cover is an add-on in car insurance, that protects you if your car is stolen or declared a total loss. It covers the difference between the car’s depreciated market value and the actual invoice value you paid for it. Usually, car insurance policy settlements are based on the Insured Declared Value. IDV decreases every year due to depreciation, and for financed vehicles, this can leave car owners paying EMIs even after the insurance payout, but RTI helps in avoiding this. RTI ensures the insurer compensates up to the invoice value, helping you manage outstanding loan liabilities.

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What is the Key Difference Between IDV and Return to Invoice?

For example, if your car was bought for ₹9 lakh and after 2 years its IDV is ₹6.5 lakh, a total loss claim will:

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What is Return to Invoice (RTI) Cover in Car Insurance?

For example, if a car purchased for ₹10 lakh is stolen after two years, the IDV may drop to around ₹7–8 lakh. Without RTI, the insurer pays the IDV amount. With RTI, the settlement may include the difference up to the invoice value.

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What happens if you do not choose RTI Cover?

This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.

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Expert Note

This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage, add-on availability, and conditions may vary between insurers and across different car insurance plans in India.

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FAQs

Usually, RTI is only available for cars that are two to three years old. After that, insurers believe that depreciation is too great to support payouts based on invoices.

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FAQs

RTI is typically available for newer vehicles, often within the first three to five years. No. RTI is available only with comprehensive insurance policies, and amps up the own-damage component of it.

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How Does Premium Differ Between IDV and RTI?

Depending on the type of coverage, car insurance online premiums differ. The rates for IDV-based plans are lower. Because of increased claim liability, RTI raises premiums.

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How Does RTI Cover Affect the Car Insurance Premium?

Adding RTI cover slightly increases the car insurance premium because it directly affects the claim settlement value. Insurance premiums are calculated based on risk and potential payout, and RTI increases it, ultimately increasing the insurer's liability.