What is IDV bike?

InsuNews May 23, 2022

What is IDV bike?

In other words, IDV meaning in bike insurance is the maximum sum assured fixed by the insurance company, to compensate the policyholder with, in case of theft of his/her two-wheeler or its total loss due to an accident. In layman’s language, IDV in insurance means the current market value of a two-wheeler. Sep 23, 2021

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