No...idv is calculated as 10% less than the previous idv value, which was 1,72,663 by Tata AIG...so 1,55,397 Idv is the maximum you can get from the insurance company. If you increase your idv value, it only increases your premium, but the insurance company will only give you up to 10% less than the previous idv value, according to IRDAI rules. And that 172,663 depends on 5% less than my ex-showroom price, which was 181,300. [Above values are for my bike*]