कार इंश्योरेंस में रिटर्न टू इनवॉइस (RTI) कवर

Imagine your car gets stolen or suffers a total loss in an accident. Standard insurance will pay you the depreciated value. But what about the full amount you paid?

This is where the Return to Invoice (RTI) cover comes in. This add-on bridges the gap between the invoice price and the Insured Declared Value (IDV) of your car and gives you enhanced financial protection.

कार इंश्योरेंस में रिटर्न टू इनवॉइस क्या है?

Return to Invoice cover in car insurance ensures you receive the original invoice value of your car in case of total loss or theft. While a basic plan only pays the depreciated IDV, RTI helps you recover the full purchase price and applicable taxes. It is especially useful in the first few years of owning a car.

RTI (इनवॉइस प्रोटेक्शन) ऐड-ऑन कवर के लाभ

1. Invoice Value Payout: With the RTI add-on, you receive the full invoice value, including registration and road tax, along with the IDV.
2. Covers Total Loss or Theft: RTI is applicable in cases of both theft and irreparable damage.
3. Ideal for New Cars: The RTI add-on is best suited for cars under 3 years old. You can enjoy the benefits of RTI if you are purchasing a new car.
4. Peace of Mind: RTI allows you to avoid out-of-pocket loss due to depreciation.
5. Tax & Registration Reimbursement: The RTI add-on provides coverage for registration charges and applicable taxes.
6. Enhances Claim Value: RTI significantly increases compensation in high-value losses.
7. Supports Loan Closure: In case of total damage, RTI will help you clear your car loan.
8. Easy Add-on: It can easily be added to your comprehensive policy with Bajaj General Insurance Limited. You can enjoy seamless service in 10,000+ garages across India and file a claim anywhere in the country.

रिटर्न टू इनवॉइस कवर कैसे काम करता है?

A Return to Invoice cover replaces the depreciated IDV payout with the original invoice amount. It also includes reimbursement of registration and road tax along with the car value (depending on policy terms). An RTI is applicable in case of theft or total loss of your car. It does not cover minor repairs or partial damages.

Suppose you bought a car for ₹10,00,000. After three years, the car gets stolen or suffers total loss in an accident. Without an RTI add-on, a standard insurance policy will pay you only the IDV after three years of depreciation. Thus, if the policy pays you around ₹7,00,000, you have to pay around ₹3,00,000 out of your own pocket for a new car.

On the other hand, if you include the RTI add-on with a higher total premium (adding ₹2,000 to ₹5,000 extra to the comprehensive policy), it will pay you the original invoice value of ₹10,00,000. Therefore, your out-of-pocket expenses will only be limited to the compulsory deductibles.

Refer to the table given below. 

रिटर्न टू इनवॉइस की लागत कितनी है?

A Return to Invoice add-on costs around 10% to 15% extra over your standard comprehensive car insurance premium. This value can vary by car model, age, and insurance provider.

Available at a fraction of the cost of your base policy, this add-on ensures financial coverage in case your car gets stolen or ends up with total damage. It makes for a comprehensive policy when combined with your standard policy and other suitable add-ons. Make sure you select the right add-ons to ensure all-around protection from your vehicle insurance plan.

RTI की गणना कैसे करें?

RTI क्लेम के समय आपकी कार की इनवॉइस वैल्यू और IDV के बीच अंतर है. इस अंतर के लिए ऐड-ऑन क्षतिपूर्ति करता है.

रिटर्न टू इनवॉइस बनाम IDV (इंश्योर्ड डिक्लेयर्ड वैल्यू)

The following table shows the difference in coverage between Return to Invoice (RTI) and Insured Declared Value (IDV).

रिटर्न टू इनवॉइस कवर कब लागू होता है?

The Return to Invoice cover is applicable in case your car is stolen or damaged beyond repair. It is generally valid for vehicles less than 3 years old, provided the policy includes this add-on.

RTI कवर कब लागू नहीं होता है?

RTI is not applicable in cases of partial damage, minor repairs, or vehicles older than the coverage limit (usually 3 to 5 years). Additionally, if your policy has lapsed or RTI is not added during the policy purchase or renewal, it cannot be claimed.

Commercial use of a car under a personal insurance policy and submission of invalid documents are also cases where RTI cannot be applied.

इसे भी पढ़ें: कार इंश्योरेंस में ऐड-ऑन कवरेज: संपूर्ण गाइड

RTI कवर का विकल्प कैसे चुनें?

You can choose the RTI add-on when purchasing or renewing your comprehensive policy online or offline. Bajaj General Insurance Limited offers RTI cover with flexible digital options.

The validity of an RTI add-on is generally 1 year. If you want continued coverage, you have to renew your RTI with your comprehensive car insurance plan before it expires.

रिटर्न टू इनवॉइस प्रोटेक्शन कवर किसे चुनना चाहिए?

A Return to Invoice cover should be availed by

1. नई कार के मालिक (3 वर्ष से कम पुरानी)
2. Luxury / High-Value Car Buyers
3. लोन-फाइनेंस किए गए वाहन मालिक
4. Urban Area Drivers (high risk of theft)

इनवॉइस प्रोटेक्शन कवर की वैधता

बजाज जनरल इंश्योरेंस लिमिटेड सहित अधिकांश इंश्योरर, कार खरीदने की तिथि से 3 वर्ष तक का RTI कवरेज प्रदान करते हैं. इस अवधि के बाद, लाभ आमतौर पर समाप्त हो जाता है.

रिटर्न टू इनवॉइस कवर लागू होने की अवधि

The applicability of the RTI car insurance policy may differ among different insurance companies. While most insurers offer an RTI cover for cars up to three years old, some insurers offer this benefit for cars up to five years old.

रिटर्न टू इनवॉइस ऐड-ऑन का लागू न होना

The Return to Invoice add-on is generally purchased by those who genuinely want to ensure that their car remains intact for the longest possible time. Thus, these individuals prefer to buy a comprehensive car insurance policy with a return to invoice add-on.

However, the following points must be taken into consideration while buying this add-on.

1. An RTI cover does not include old cars as per the terms & conditions of the policy. It is specifically available for new cars only, where the policy terms decide its applicability, as discussed above.
2. This add-on only provides coverage in cases of theft and total loss of the car. It does not cover minor repairs or partial damages.
3. Return to Invoice add-on is only available when you opt for a comprehensive insurance policy.

कौन से ऐड-ऑन कवर बेहतर हैं? ज़ीरो डेप्रिसिएशन या RTI?

You may wonder, ‘Is the RTI add-on better or zero depreciation?’ For that, you have to understand their uses and benefits.

A zero depreciation cover is ideal for frequent minor claims. It pays the full cost of repairing and replacing damaged parts of your car. It does not charge you any depreciation cost.

On the other hand, an RTI is applicable in case of major damage or loss. It reimburses the invoice value and covers total loss or theft of your car.

Both Zero Depreciation and RTI Cover serve different purposes. You can opt for both add-ons for better financial protection.

रिटर्न टू इनवॉइस कवर के बारे में याद रखने लायक बातें

Return to Invoice add-on offers excellent financial recovery in worst-case scenarios. However, it is only valid for a limited vehicle age and specific events like total loss or theft. It does not apply to minor accidents or repairs. Make sure to include the add-on at the time of policy purchase or renewal for enhanced coverage.

इसे भी पढ़ें: मोटर बीमा में वाहन रिप्लेसमेंट एडवांटेज ऐड-ऑन

संक्षेप में

Return to Invoice or RTI Cover is a smart way to protect the full value of your vehicle. While it is not required by law, it offers complete peace of mind in case of major losses. With Bajaj General Insurance Limited and its 10,000+ cashless garages, opting for RTI ensures you are never left undercompensated.

अक्सर पूछे जाने वाले प्रश्न

Q1. क्या कार इंश्योरेंस कंपनियां 5 वर्ष से पुरानी कार को रिटर्न टू इनवॉइस ऐड-ऑन प्रदान करती हैं?

Most insurers do not offer RTI for cars older than 3 to 5 years. The value gap in case of older cars becomes too large.

Q2 रिटर्न टू इनवॉइस ऐड-ऑन किसे खरीदने की सलाह दी जाती है?

A Return to Invoice add-on is highly recommended for new car owners, especially those with high-end or loan-financed vehicles.

Q3. क्या सीमित शर्तों के तहत RTI कवर प्रदान किया जाता है?

हां. RTI केवल कार के पूर्ण नुकसान या चोरी के मामले में लागू होता है. इसका उपयोग मामूली नुकसान या पार्ट रिप्लेसमेंट के लिए नहीं किया जा सकता है.

बीमा आग्रह की विषयवस्तु है. लाभों, शामिल न की गई चीज़ों, सीमाओं, नियम और शर्तों के बारे में अधिक जानकारी के लिए, कृपया इंश्योरेंस खरीदने से पहले सेल्स ब्रोशर/पॉलिसी डॉक्यूमेंट को ध्यान से पढ़ें.