Return to Invoice (RTI) is an optional add-on cover available with comprehensive motor
insurance policies. If your vehicle is stolen or damaged beyond repair (total loss), RTI allows
you to recover the full purchase price of the vehicle as mentioned on the invoice.This is different from the standard claim settlement, which is based on the Insured Declared Value (IDV) a value that reduces every year due to depreciation. What Does RTI Cover?
Depending on the insurer, RTI generally includes:
- Ex-showroom price of the vehicle
- Road tax
- Registration charges
Some insurers may also include other first-time charges mentioned in the invoice. Always check
the policy wording for exact coverage.
How RTI Works (Example)
- Invoice price of car: ₹10,00,000
- IDV after 2 years: ₹7,00,000
- Vehicle is stolen
Without RTI:Claim paid=₹7,00,000
With RTI: Claim paid = ₹10,00,000 (invoice value)
This difference can be significant, especially in the first few years of ownership.
Eligibility and Limitations
- Usually available only for vehicles up to 3–5 years old.
- Applicable only in cases of total loss or theft.
- Not applicable for partial damage claims.
- Requires payment of an additional premium
Conclusion
Return to Invoice is a valuable motor insurance add-on that ensures peace of mind by protecting you from depreciation-related losses. By choosing RTI, you safeguard your investment and ensure that a total loss does not turn into a major financial setback.