Zero Depreciation Bike Insurance
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Depreciation in Two Wheeler Vehicles

Age of Vehicle

% of Depreciation

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%

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Amount is higher as depreciation is not considered at the time of claim payment.

Amount is lower as your two-wheeler and its parts' depreciation is calculated too.

Depreciation on parts

Covered

Not Covered

Age of two wheeler

With this addon, the age of your two-wheeler doesn’t have any impact as depreciation isn’t accounted for.

Depreciation is based on how old your two-wheeler is.

Applicable Rate of Depreciation on Two Wheeler Parts

Bike components

Depreciation applicable (in percentage)

Nylon/rubber/tyres and tubes/plastic parts /batteries

50%

Fibre/Glass materials

30%

All other parts made of glass

Nil

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