login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

31. What is Constructive Total Loss (CTL)?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

A vehicle will be considered to be a CTL, where aggregate cost of retrieval and/or repair of the vehicle, subject to terms & conditions of the policy exceed 75% of the Insured Declared Value (IDV).

Related articles

HSN-code-Meaning-Features-and-How-They-Benefit-You

HSN Code: Meaning, Features And How They Benefit You

Introduction HSN codes play a crucial role in classifying goods under the Goods and Services Tax (GST) regime in India. These codes act as a universal language for categorising products, enabling clea...

KNOW MORE

July 1, 2024

Senior Citizen Fixed Deposit: Maximizing Returns with Senior Citizen FD Rates

As we grow older, it becomes crucial to plan our finances in a way that ensures a secure future, especially during our post-retirement years. Investing in a manner that offers stable returns with mini...

KNOW MORE

February 23, 2024

SIP vs FD: Which one should you invest in? | Mahindra Finance

Introduction: India has seen a massive boom in mutual funds over the past decade. Investors are now receptive to modern investment routes such as SIPs to reap the benefits of equity. Even then, tradit...

KNOW MORE

June 30, 2023