The India Motor Tariff 2002 (IMT): the full text, and the rules surveyors use most
The India Motor Tariff 2002 is the rulebook the Tariff Advisory Committee laid down for motor insurance in India, in force from 1 July 2002. It no longer fixes premiums, but its General Regulations, depreciation schedules and IMT endorsements are still the language motor policies and survey reports are written in — the complete text is below.
Read the full tariff
All 215 pages of the Tariff Advisory Committee's text, unedited. Scroll inside the frame, or open it in its own tab to search it.
If the document does not appear above — many phones will not show a PDF inside a page — use “Open the full PDF”.
What is in it
| Section 1 | General Regulations (GR.1 to GR.48) — the rules that apply to every class of vehicle |
| Section 2 | Tariff for private cars |
| Section 3 | Tariff for motorised two-wheelers |
| Section 4 | Tariff for commercial vehicles — goods carriers, trailers, passenger vehicles, special types and motor trade |
| Section 5 | Proposal forms |
| Section 6 | Standard policy wordings, premium computation tables, certificate of insurance and cover note |
| Section 7 | India Motor Tariff (IMT) endorsements |
| Section 8 | Statistical codes |
The four rules a surveyor uses most
GR.8 — Insured's Declared Value (IDV)
The IDV is the sum insured. It is fixed at the start of each policy period from the manufacturer's listed selling price, less depreciation by age. This schedule is used only for total loss and constructive total loss claims; a vehicle is a constructive total loss when retrieval and repair would cost more than 75% of the IDV.
| Age of vehicle | Depreciation for fixing IDV |
|---|---|
| Not exceeding 6 months | 5% |
| 6 months to 1 year | 15% |
| 1 to 2 years | 20% |
| 2 to 3 years | 30% |
| 3 to 4 years | 40% |
| 4 to 5 years | 50% |
For vehicles over five years old, and for models the manufacturer has stopped making, the IDV is agreed between the insurer and the insured.
GR.9 — Depreciation on parts in a partial loss
- Rubber, nylon and plastic parts, tyres and tubes, batteries and air bags: 50%
- Fibreglass components: 30%
- Parts made of glass: nil
- All other parts, including wooden parts: by age, as below
| Age of vehicle | Depreciation |
|---|---|
| Not exceeding 6 months | Nil |
| 6 months to 1 year | 5% |
| 1 to 2 years | 10% |
| 2 to 3 years | 15% |
| 3 to 4 years | 25% |
| 4 to 5 years | 35% |
| 5 to 10 years | 40% |
| Over 10 years | 50% |
Our guide to depreciation and IMT-23 works these rates through a real repair bill.
GR.40 — Compulsory deductibles
Every own-damage claim carries a fixed first amount the insured bears. The 2002 tariff set it at ₹500 for private cars up to 1,500 cc and ₹1,000 above, ₹50 for two-wheelers, and ₹500 to ₹1,500 for goods and passenger vehicles by weight or seating.
These are the tariff's 2002 figures. The amount on a policy today is the one in its own schedule, and it may differ — always read the deductible from the policy, not from the tariff.
IMT endorsements
Section 7 holds the standard endorsements that change a policy's cover, each cited by number in policies and survey reports. Three come up on almost every commercial-vehicle claim:
- IMT-21 — for commercial vehicles: excludes lamps, tyres and tubes, mudguards, bonnet and side parts, bumpers and paintwork except in a total loss, and applies the compulsory deductible.
- IMT-22 — the compulsory deductible for private cars, two-wheelers and taxis.
- IMT-23 — reinstates the items IMT-21 excludes, for the damaged portion, for an extra premium (15% of the gross own-damage premium under the tariff). Depreciation still applies, and the insured bears 50% of the assessed loss on those items.
Where it shows up on a Triyan report
The assessment sheet applies the GR.9 rates by part type and vehicle age as the figures are entered, keeps IMT-23 items in their own tables at the 50% share, and deducts the compulsory excess — and any further excess the insurer imposes — as entered from the policy. The surveyor confirms every rate before the report is filed.
Frequently asked questions
Is the India Motor Tariff 2002 still in force?
Not as a binding tariff — insurers now refer to it as the 'erstwhile' IMT 2002. But policy wordings, add-on covers and survey reports still define cover by reference to it: an add-on may say it applies to 'all classes except Class E, F and G of IMT 2002', or that IDV is 'fixed as per GR.8'. Your own policy wording is what applies to your claim.
What is the difference between GR.8 and GR.9?
GR.8 fixes the Insured's Declared Value (IDV) — the sum insured — and its age-wise depreciation is used only for total loss and constructive total loss claims. GR.9 sets the depreciation on parts replaced in partial loss claims, which is what applies to an ordinary repair.
When is a vehicle a constructive total loss?
Under GR.8, when the total cost of retrieving and repairing the vehicle, subject to the policy's terms, exceeds 75% of its IDV.
What is IMT-23?
An endorsement for commercial vehicles. IMT-21 excludes lamps, tyres and tubes, mudguards, bonnet and side parts, bumpers and paintwork except in a total loss; IMT-23, bought for an extra premium, puts them back in cover for the damaged portion — after depreciation, with the insured bearing 50% of the assessed loss on those items.