Motor Insurance Calculator [MIC] description

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If you wish to take IDV Rs. 400000 then put 400000 in last year idv column and 100 in Dep column. Then system idv take 400000
if ex-showroom will 400000 then put 400000 in last year idv column and 95 in dep column then the system will take 380000
if you want to depreciate 10% from last year idv...Then put 400000 in last year idv column and 90 in dep column then system auto calculate 360000 as idv.
If you need to calculate only TP premium please put IDV as 0.
And so on...
For Nil Depreciation or Bumper to bumper or zero depreciation
please put the rate in Zero Depreciation column
for Example:-
If Zero depreciation rate is 0.35 then put 0.35 in Zero Depreciation column...System auto calculates it...
For any quiries..Pls mail to
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