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

Retirement Planning for Women: FD For Long-Term Stability

Introduction Planning for retirement is crucial to ensure financial stability and a comfortable standard of living in the future. According to a recent survey, 62% of individuals earning between INR 5...

KNOW MORE

May 7, 2024

Top-fixed-deposit-investment-mistakes-to-avoid

Top Fixed Deposit Investment Mistakes To Avoid

Investing your hard-earned money in a fixed deposit is a great way to secure your financial future. They can provide you with funds for financial needs when you might think of taking a personal loan. ...

KNOW MORE

July 1, 2024

Enhancing Returns: The Role Of Bonuses In Fixed Deposit Schemes

When it comes to investing, everyone wants to maximize their returns. One investment avenue that offers stability and assured returns is a fixed deposit (FD) scheme. But did you know that bonuses can ...

KNOW MORE

March 1, 2024