For this follow the below table: Age of the bike % Of depreciation for fixing IDV Not exceeding 6 months 5% Exceeding 6 months, but not exceeding 1 year 15% Exceeding 1 year, but not exceeding 2 years 20% Exceeding 2 years, but not exceeding 3 years 30% Exceeding 3 years, but not exceeding 4 years 40% Exceeding 4 years, but not exceeding 5 years 50% IDV of vehicles beyond 5 years of age and of obsolete models of the bikes is to be determined on the basis of an understanding between the insurer and the insured.