The IDV of two wheelers is to be fixed based on the manufacturer’s listed selling
price of the brand and model, as the vehicle proposed for insurance at the commencement of insurance /renewal and adjusted for depreciation. The schedule of depreciation for arriving at IDV is as below:
| Age of the Vehicle | % of Depreciation for fixing IDV |
| Not exceeding 6 months | 5 % |
| Exceeding 6 months but not exceeding 1 year | 15 % |
| Exceeding 1 year but not exceeding 2 years | 20 % |
| Exceeding 2 years but not exceeding 3 years | 30 % |
| Exceeding 3 years but not exceeding 4 years | 40 % |
| Exceeding 4 years but not exceeding 5 years | 50 % |
