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

21 Small Business Ideas with Low Investment

Starting a business is a dream for many, but the lack of capital often poses a significant challenge. However, there are numerous small business ideas that require minimal investment, making it easier...

KNOW MORE

April 25, 2024

Diversifying Investments With Multiple Types Of Fixed Deposits

Who doesn’t wish to grow their money with minimal risks? Everyone appreciates those extra gains. However, each FD investment carries some risks. But, the advantages of FD far outweigh the risks. A f...

KNOW MORE

February 23, 2024

Choosing Between Online and Offline Fixed Deposits: Which is Best for You?

When it comes to investing your hard-earned money, fixed deposits (FDs) are a popular choice among Indians. They offer a safe and secure way to grow your savings while providing steady returns. Howeve...

KNOW MORE

March 4, 2024