Return To Invoice

Return to invoice or RTI cover provides coverage to the policyholder in case the car is stolen or gets damaged and declared a total loss. Under this cover, the insured is eligible to get the full compensation from the insurer that is the last invoice amount of the car under the above-mentioned conditions.

Read more

Compare & Save upto 85%* on Car Insurance
Get Car Insurance starting
@ only 2094/year#
  • Renew Policy In2 Minutes

  • 20+ Insurers To Choose From

  • 51 Lakh+ vehicles insured

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

What Is Return To Invoice?

Return to invoice cover is an add-on provided by the insurance company. You have to an extra amount in your car insurance premium to get covered under this add-on. You can purchase this add-on only if he/she is covered under a comprehensive car insurance policy.

How Does the Cover Works for You?

A basic car insurance policy would not fetch you the actual value of your car or the money you’ve invested at the time of purchasing the car. If we consider the rate of depreciation, 5% depreciation is applied on the car which is 6 months old from the day of purchase, 10% for one year.

In such a case, you tend to lose quite a huge amount. But with an invoice return cover, you need not have bear the differences, as the insurer pays the full value of your car until it reaches the age of 3 years.

When Return to Invoice Cover Comes into the Picture!

This cover comes to your rescue to cover the gap between the IDV and the invoice value of your car. It is an optional cover to fetch you the complete amount of loss when you claim insurance in case of an accident or total loss.

However, you can avail of this cover at an additional cost. Usually, RTI costs 10% more than your comprehensive car insurance. Moreover, you can avail of this cover until your car reaches a specific age.

How Much Reimbursement can be Availed

At the time of buying car insurance, the insurance provider decides the IDV of your vehicle by applying the depreciation from the invoice value. It is the current market price of your car or the maximum amount up to which you can claim your insurance policy in case of a total loss.

When is the Cover Applicable?

We don't recommend you to buy return to return to invoice car insurance to cover small dents and repair expenses or a crack of the windshield. This cover comes in handy in covering the full value of the vehicle in case of complete damage or loss. It is helpful if your car is stolen or sustains damages beyond repair.

Moreover, if you stay in a theft-prone area or you don’t have a secured parking area, you must consider this cover.

However, you can’t carry the cover always. After a few policy renewals, you’ll have to withdraw this cover. Usually, it is a loss for the insurance provider to pay you a value that is more than the current market value of your vehicle, especially those cars whose wear and tear would have increased over the period.

How Return To Invoice Is Calculated?

While purchasing the car, you pay the on-road price. On-road price includes the ex-showroom price, road tax and registration charges that depend on the make & model of the car. However, if your car is declared a total loss, then if you do not have an RTI add-on cover, the insurer will provide you coverage as per your insured declared value.

So, when you make a claim under the total loss scenario the insurance company compensates for the below-mentioned values:

  • Exshowroom price + Registration Charges + Road tax, when you purchased the brand new car.
  • Current replacement charges that include Ex-showroom price + Road tax + Registation charges.

Explore add-ons for your car insurance

Plans starting from @ ₹2,094/year*
Car Insurance
Zero Depreciation Car Insurance
Car Insurance
Compulsory Personal Accident Cover
Car Insurance
Bumper to Bumper Insurance
Car Insurance
No Claim Bonus (NCB) in Car Insurance
Car Insurance
Bundled Policy
Car Insurance
Roadside Assistance Cover
Car Insurance
Multi-Year Car Insurance
Car Insurance
Engine Protection Cover
Car Insurance
Personal Possessions Cover
Car Insurance
Voluntary Deductible in Car Insurance
Car Insurance
Key Replacement Cover
Car Insurance
Daily Allowance Cover
Car Insurance
Tyre Protector Cover
Car Insurance
Rim Damage Cover
Car Insurance
Car Accessories Cover

Return To Invoice: FAQs

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
 Why buy from policybazaar

Car insurance articles

Recent Articles
Popular Articles
Does Comprehensive Car Insurance Cover Hit and Runs?

09 Jan 2023

Yes, your comprehensive car insurance policy may cover the damages
Read more
The New IRDAI Regulations for KYC in Car Insurance

03 Jan 2023

As per the IRDAI guidelines, all motor insurance sectors including
Read more
How Can We Use Roadside Assistance Cover in Car Insurance?

09 Dec 2022

Roadside Assistance is an add-on cover offered with your
Read more
Is Nut Bolt Covered Under Car Insurance?

06 Dec 2022

No, any damage to the nut bolt or any other consumable of your
Read more
What Happens When You Only Have Third-Party Insurance?

05 Dec 2022

Third-party car insurance is a mandatory cover as per the motor
Read more
Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
Read more
Check Car Insurance Status Online on Parivahan Sewa/ RTO?
It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
Read more
Multiple Ways To Check Your Car Insurance Status Online
With everything going digital, checking vehicle insurance status online has become easier than ever. It not only
Read more
How to Find Car Insurance Details by Registration Number?
As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
Read more
Transferring Car Insurance from One Person to Another
An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance
Read more