Zero Depreciation Car Insurance

Get full claim amount without depreciation deduction

Zero depreciation car insurance eliminates depreciation deduction on claims, ensuring you receive the full repair cost for damaged parts and accessories.

No depreciation deduction on claims
Full repair cost coverage
Covers plastic, rubber, and metal parts
Available for cars up to 5 years old

Key Benefits

Full Claim Amount

Receive complete repair cost without any depreciation deduction on parts

New Car Protection

Ideal for new vehicles where depreciation impact is significant

Premium Parts Coverage

Full coverage for expensive parts like bumpers, lights, and accessories

Peace of Mind

No worry about out-of-pocket expenses during claims

What's Covered

  • All plastic parts (bumpers, grilles, mirrors)
  • Rubber parts (tyres, tubes, seals)
  • Metal parts without depreciation
  • Electrical and electronic components
  • Glass parts (windshield, windows)
  • Airbags and safety equipment
  • Headlights and taillights
  • Accessories and modifications
  • Paint and body work
  • Interior components

What's Not Covered

  • Mechanical breakdown
  • Normal wear and tear
  • Engine damage (unless covered separately)
  • Damage due to negligence
  • Consequential losses
  • Betterment charges
  • Damage during commercial use
  • War and nuclear risks
  • Driving under influence
  • Unlicensed driving

Eligibility Criteria

Minimum Age18 years
Maximum Age75 years
Renewal AgeAvailable for cars up to 5 years old
Waiting Period
No waiting period

Required Documents

  • 1
    Vehicle registration certificate
  • 2
    Valid driving license
  • 3
    Previous insurance policy
  • 4
    Vehicle inspection report
  • 5
    Purchase invoice (for new cars)
  • 6
    No Claim Bonus certificate
  • 7
    Pollution Under Control certificate

Claim Process

Simple steps to understand the claim filing process

1

Immediate Reporting

Report accident to insurance company within 24-48 hours

2

Damage Assessment

Insurance surveyor inspects vehicle and assesses damage

3

Repair Authorization

Get repair estimate approved without depreciation deduction

4

Vehicle Repair

Get vehicle repaired at authorized garage with cashless facility

5

Final Settlement

Complete claim settlement without depreciation charges

Frequently Asked Questions

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