Insured Declared Value (IDV)

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Mastering IDV and NCB in Two-Wheeler Insurance

August 9, 2023 Aditi Singh 0

Introduction Two-wheeler insurance becomes more manageable with a grasp of two essential concepts: Insured Declared Value (IDV) and No Claim Bonus (NCB). IDV determines your vehicle’s insured amount, while NCB rewards you for claim-free years. […]