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

How Compound Interest In Fixed Deposits Boosts Your Savings Over Time

Imagine watching your hard-earned money grow while you sleep. That’s the magic of compound interest in Fixed Deposits (FDs), the most popular investment option in India. In this comprehensive gu...

KNOW MORE

March 4, 2024

Key Difference Between Term Deposit and Fixed Deposit

Key Difference Between Term Deposit and Fixed Deposit

Quick Summary: Key Difference Between Term Deposit and Fixed Deposit For decades, savers across India have confidently invested in Fixed Deposits to secure their financial future. Simultaneously, fina...

KNOW MORE

November 25, 2025

Government Schemes For Women Entrepreneurs In India

Women entrepreneurs in India are breaking barriers and making significant strides in the business world. The progress made by women in various fields has led to increased support and encouragement for...

KNOW MORE

April 16, 2024