🇮🇳 Insurance Calculator
Return to Invoice (RTI) Cover Calculator
India doesn't have a standardized "GAP insurance" product like the US - the closest equivalent is Return to Invoice (RTI) cover, which pays your original invoice price instead of just the depreciated IDV. Find out how big that gap is for you.
Your Situation
Check your policy schedule for the current IDV.
Leave at 0 if the car is not financed.
Invoice-to-IDV Gap
Standard Payout (IDV − excess)
₹0
RTI Payout (Invoice − excess)
₹0
Loan Shortfall - No RTI
₹0
Loan Shortfall - With RTI
₹0
RTI Eligibility
Why this gap exists.
A new car can lose 15–20% of its invoice value the moment it's registered, and its IDV falls on a fixed depreciation schedule every renewal after that. If your car is stolen or totaled, a standard Comprehensive policy only pays the current IDV - not what you originally paid, and not what you might still owe on a loan. RTI cover closes exactly this gap by paying the original invoice price instead.
RTI is not the same as US GAP insurance
In the US, GAP insurance is a widely standardized product sold by nearly every insurer and dealer, specifically designed to cover the difference between a loan balance and an insurance payout. In India, RTI cover is less standardized - not every insurer offers it, eligibility is usually capped at a car's first 2-3 years (occasionally 5), and it pays out based on invoice price rather than being explicitly tied to your loan balance. Treat RTI as the closest available equivalent, not a direct substitute.
Frequently asked questions.
Is GAP insurance a thing in India?
Not really, at least not in the standardized US sense. Very few Indian insurers sell a dedicated "GAP insurance" product. The closer, more common Indian equivalent is Return to Invoice (RTI) cover, an add-on to your Comprehensive policy that pays your car's original invoice price (not just the depreciated IDV) if it's stolen or declared a total loss.
How is RTI cover different from IDV payout?
A standard Comprehensive policy pays out your IDV (Insured Declared Value) - the car's depreciated market value - on a total loss or theft. RTI cover tops that up to the original on-road invoice price, covering the gap caused by depreciation, road tax, and registration costs that a plain IDV payout doesn't include.
How much does RTI cover cost?
RTI is typically priced as a small percentage of IDV (roughly 0.5–2% depending on insurer and car age), added on top of your Comprehensive premium. It is usually only available for newer cars - most insurers cap eligibility at 2–3 years old, a few extend to 5 years.
Who should consider RTI cover?
Buyers with a large loan and a small down payment, buyers of vehicles that depreciate quickly, and anyone who wants to avoid a shortfall between what insurance pays and what they still owe (or what it would cost to replace the car new) if it's stolen or totaled in the first couple of years.
Does my voluntary excess reduce the RTI payout?
Yes - like any Own Damage claim, your compulsory and voluntary excess are typically deducted from the payout, whether it's a standard IDV settlement or an RTI settlement.