Zero Depreciation Bike Insurance

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Manasvi Gupta

Written By:

Manasvi Gupta

Manasvi Gupta

Manasvi Gupta

Content Writer

Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.

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Manasvi Gupta

Manasvi Gupta

Content Writer

Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.

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Reviewed By:

Mayur Kacholiya

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Mayur Kacholiya

Product Head - Motor

Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.

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mayur-black-white-test

Mayur Kacholiya

Product Head - Motor

Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.

Buy/Renew Zero Depreciation (Zero Dep) Two Wheeler Insurance Online

We all want to protect the things that we love, it’s human nature and especially if it’s your two-wheeler that you’ve just recently bought! Imagine if there was something that could ensure that the things dearest to us always stayed as good as new.

Of course, magic doesn’t exist but in comprehensive bike insurance, we have something called the zero depreciation cover, and that kind of aims to do something like that. To keep your bike as good as new, as young as it was when you just got it. Think of it as your bike’s very own anti-ageing cream. Don’t get it? Hang on, we’ll explain.

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What is Zero Depreciation Bike Insurance Add-on?

Zero Depreciation Bike Insurance Add-on

What is Zero Depreciation Bike Insurance Add-on?

  • Zero Dep insurance for bike add-on cover, also known as bumper-to-bumper or nil depreciation cover, available with a comprehensive or own damage insurance policy, ensures that you get the complete claim amount.
  • If you have this add-on cover, the insurer will not deduct the depreciation amount on the assessed two-wheeler parts as per the policy document, so in simple words, your bike will remain as good as new.
  • However, remember that the zero dep bike insurance benefits can only be utilized up to a specified number of times during the policy period.

How Does a Bike Insurance Work?

Bike insurance is a contract between you and the insurer, offering financial protection for your bike against accidents, natural disasters, theft, and other unforeseen events. Here’s how it works:

Choose a Policy

Select a bike insurance plan – third-party, comprehensive, or own damage – and add-ons that fit your needs and budget.

Buy or Renew Policy

Purchase or renew your bike insurance online instantly with Digit, with minimal paperwork.

Pay Premium

Make regular payments (annually or in installments) based on factors like bike’s age, model, IDV, NCB, and coverage type.

File a Claim

If your bike is stolen or damaged in an accident, you can file a claim with your insurer, who after damage assessment will settle the claim as per the policy terms.

Is Zero Depreciation a Policy Type or an Add-on?

Is Zero Depreciation a Policy Type or an Add-on?

Is Zero Depreciation a Policy Type or an Add-on?

Zero dep is an add-cover that can be purchased with comprehensive and own damage bike insurance policy, rather than a standalone policy type. It allows policyholders to claim the full cost of depreciated parts of a two-wheeler.

Is Zero Depreciation Add-on Cover Available for All Types of Vehicles?

Is Zero Depreciation Add-on Cover Available for All Types of Vehicles?

Is Zero Depreciation Add-on Cover Available for All Types of Vehicles?

  • Zero dep bike insurance is available for most types of vehicles; however, it comes with certain conditions. Most insurers do not offer zero depreciation add-on for vehicles older than 5 years, as depreciation is more significant in older vehicles.
  • Check: Use Bike Insurance Calculator to calculate the premium with different add-ons.

What is Depreciation Meaning in Bike Insurance?

What is Depreciation Meaning in Bike Insurance?

What is Depreciation Meaning in Bike Insurance?

  • Before we explain what zero depreciation means, let’s first learn what depreciation means. Depreciation in bike insurance comes into play when you make a claim for damage to your two-wheeler.
  • It refers to the decrease in the market value of a two-wheeler over time due to its natural wear and tear. Thus, the older your bike, the higher is its depreciation, implying that the owner will have to bear the cost of depreciation.
  • So, if your bike was worth ₹1 lakh when it was new, after 2 years its worth will reduce to ₹70,000. This implies that you suffered a depreciation of ₹30,000 on the bike.

Depreciation Rate in Two-Wheeler Vehicles Based on Age

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% 

Depreciation Rates for Different Parts in Two-wheeler Vehicles

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

What is the Cost of Zero Depreciation Add-on?

What is the Cost of Zero Depreciation Add-on?

What is the Cost of Zero Depreciation Add-on?

  • The cost of zero dep bike insurance cover depends on various factors such as the two-wheeler's model, make, policy premium, age of the vehicle, depreciation on bike parts, etc.
  • The cost of zero dep in bike insurance makes sense only if your vehicle is comparatively new or has expensive bike parts, as then you get back the cost of depreciation on your bike parts. However, if the two-wheeler is older than 5 years, spending extra on zero dep add-on cover may not be a good decision.

What are the Benefits of Zero Depreciation Bike Insurance?

What are the Benefits of Zero Depreciation Bike Insurance?

What are the Benefits of Zero Depreciation Bike Insurance?

Here's why you should get zero dep bike insurance add-on:

 

  • It helps you maximize your savings during bike insurance claims as you won’t be spending much from your pocket.
  • You get the benefit of getting the full claim amount (after compulsory deductions), since your insurer will no longer subtract your depreciation from your claim amount.
  • The add-on acts as a layer of protection for your new bike and its expensive spare parts.
  • It acts as an enhanced financial protection cover on your existing bike insurance policy.

Why Customers Trust Digit Two-Wheeler Insurance?

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8 Lacs+

Claims Settled

1000 Crore+

Paid-in Claims

96% Claims Settled

FY'25

9000+

Cashless Garages

Disclaimer: This count is for total number of claims settled for two wheeler policies since inception till 31st December-2024. This amount is for claims settled for two wheeler policies since inception till 31st December-2024. This Claim Settlement Ratio is calculated for Overall Motor line of business of Digit. CSR Is calculated for FY 24-25. CSR Ratio is count of (Claims paid + Claims Closed) / (Claims O/S at Start + Claims Reported - Claims O/S at End). The total count of network garages as of 31st December 2024.

Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25

Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25

When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:

 

  • Smartphone-enabled self-inspection process, with which you can file your claim in minutes!

  • Cashless Claims at over 9000+ garages in India, so you can get your two-wheeler fixed without stress. 

  • Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!

Why Choose Two-Wheeler Insurance by Digit?

Your bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement

Cashless Repairs

Cashless Repairs

9000+ Cashless Network Garages for you to choose from across India

Smartphone-Enabled Self Inspection

Smartphone-Enabled Self Inspection

Quick and paperless claims through Smartphone enabled processes that make you go "That's it?"

Super-fast Claims

Super-Fast Claims

We’ve settled 96% of all two-wheeler claims! Experience claims that make you go “that’s it?”

Customize your Vehicle IDV

Customize Your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

Complimentary Wellness Benefits

Get exclusive wellness benefits on the Digit App offered by top-rated health and wellness partners.

Digit Bike Insurance in News

What Our Customers Have to Say about Us

4.7/5

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(250K + Customer Ratings)

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See All Reviews
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quote 6 Dec 2024
a great pleasure to be affiliated with you , Had met an accident and got the damaged parts replaced within a day after raising the claim . Thank You
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Shaaz Suhail Salafi

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quote 13 Dec 2024
Very good service. Within two minutes i renew my vehicle insurance online.
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Ajay Bharade

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quote 13 Dec 2024
Dear For todays world If any One wants to open a fresh Vehicle Insurance Policy which has all the transparency users frndly Plus the staff is very cooperative hats off. Wishing God bless for all yr future Endeavor 's. Sr Citizen-Policy-Investor
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DinShaw Sahukar

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quote 20 Dec 2024
Quick reaction on Road side assistance and continuous follow up till resolution. Happy with assistance in late night hours.
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Abhishek Sharma

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quote 13 Aug 2024
I had issue with the motor insurance policy and wanted to upgrade it. The customer care executive had enough patients to explain me everything point to point. Thanks a lot Sudip.
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Pratheesh R

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Interesting Insights & Claim Stories of Digit Customers

A Digit Two Wheler Insurance customer received a total loss claim of ₹3.22 Lakh in Bengaluru

In a recent case from Bengaluru, one of our policyholders experienced a total loss after their two-wheeler was severely damaged. Fortunately, the vehicle was insured, and we processed a claim payout of ₹3.22 lakh. This case highlights the importance of having dependable insurance coverage to stay prepared for life’s unexpected turns.

Digit Settled a third party claim worth 1.12 crores in Hoshiarpur, Punjab

In a recent case from Hoshiarpur, one of our policyholders was involved in a two-wheeler accident that tragically resulted in a third-party fatality. In this case, the vehicle was covered under a valid third-party insurance policy, and we processed a claim payout of ₹1.12 crore to address the resulting liability. This case highlights the vital role third-party insurance plays—even for smaller vehicles like two-wheelers—in offering essential protection during unforeseen events.

Rat Attacks on Two Wheelers on the Rise

In Surat, a bike owner faced an unusual problem—rats chewed through the wire harness not once, but twice in a single year, all while the vehicle was parked safely at home! Thankfully, the insurance policy included coverage for such unexpected damages. Both times, the repair costs were fully covered, saving the owner from out-of-pocket expenses. 

This case proves that insurance isn’t just for accidents or theft—it also protects against the most unexpected (and smallest) threats.

BSVI Becomes the New Standard in Vehicle Insurance

BSVI Becomes the New Standard in Vehicle Insurance

BSVI-compliant vehicles now make up 39% of the insured fleet, surpassing BSIV at 36.46%. This shift reflects a growing move toward cleaner, more efficient vehicles. Insurance is evolving alongside the vehicles it protects.

From Everyday Drives to Luxury Rides – Digit is the Trusted Insurance Choice

From Everyday Drives to Luxury Rides – Digit is the Trusted Insurance Choice

This year, we received some standout premium payments across different vehicle types. A Ferrari topped the list in the four-wheeler category with a premium of ₹8.04 lakh. In the two-wheeler segment, a Hayabusa was insured with a premium of ₹44,000. And in the commercial vehicle category, a Volvo L150 wheel loader was covered with a premium of ₹3.53 lakh. This highlights how our insurance scales to match the value and purpose of every vehicle, whether it’s built for speed, style or strength.

What's Covered Under Zero Depreciation Add-on Cover?

What's Covered Under Zero Depreciation Add-on Cover?

What's Covered Under Zero Depreciation Add-on Cover?

Following things are covered under zero depreciation add-on cover:

 

  • Compensation for depreciable bike parts i.e. nylon, rubber, fiberglass and plastic parts at the time of claim settlement.
  • Your zero-depreciation cover is applicable on all your bike insurance claims, as long as your bike insurance is valid.
  • The number of claims allowed under zero dep bike insurance vary based on the insurance company.

What's Not Covered?

What's Not Covered?

What's Not Covered?

Under Zero Depreciation add-on cover, certain things in addition to the general exclusions listed under two-wheeler insurance are not covered, such as:

 

  • If the bike insurance policy has expired.
  • If the damage caused to the two-wheeler can’t be inspected before it is repaired, the claim will not be filed.
  • Loss claimed for damage caused to the covered vehicle under different types of insurance policy.
  • A claim will not be payable under Zero Depreciation add-on if it is not covered under OD section of the policy.
  • If there is a delay of more than 30 days since the damage was caused.
  • Zero dep insurance for bike is not applicable to parts like battery and tyres of the insured vehicle as per the policy.
  • Damage caused due to mechanical faults.

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Types of Bike Insurance Plans in India

Types of Bike Insurance Plans in India

Types of Bike Insurance Plans in India

  • Third-Party Liability Plan: Third-party bike insurance policy is one of the most common types of motor insurance that covers damages and losses caused to a third party, including injury, death, or property damage, due to an accident involving your vehicle. It is mandatory by law in India and the third-party premium is predetermined by the IRDAI.
  • Comprehensive Insurance: Comprehensive bike insurance plan covers both third-party liabilities and damage to your own two-wheeler as well. It also allows you to purchase various add-ons with it to help enhance your bike insurance coverage.
  • Standalone Own-Damage Insurance: Own Damage bike insurance plan covers damage to your own insured two-wheeler due to accidents, theft, fire, natural disasters, and other unforeseen events. It does not cover third-party liabilities; however, it works as an added protection with the third-party car insurance policy.

Is Bike Insurance with Zero Depreciation Add-on Better than a Policy Without Zero Depreciation?

Parameters Bike Insurance with Zero Dep Cover Bike Insurance without Zero Dep Cover
Premium  The amount is higher as depreciation is not considered at the time of claim payment. The amount is lower because the 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.
Cost of Damage Your insurance company is responsible for paying the depreciated cost of bike parts. You are responsible for paying the depreciated cost of bike parts.

Let us understand the calculation of zero dep bike insurance price with the help of an example.

Suppose Person A and Person B bought the same type of new bikes for ₹80,000. Now Person A secured it with only comprehensive bike insurance policy and Person B opted for a comprehensive plan with the zero depreciation bike insurance add-on.

Now suppose they both meet with a minor accident, so the difference in their repair cost of the damage can be calculated as:

Repair Cost Table

Bike Parts Damage Cost (in ₹) Depreciation Rate Depreciation Cost (in ₹)
Metal Parts  2,000  5%  100 
Plastic Parts  1,000  50%  500 
Rubber Parts  500  50%  250 
Total  3500  -  850 

Consider the following cost invested by both persons.

Expenses Person A (in ₹) Person B (in ₹)
Premium   1,000  1,250 
Repair Cost   850  0 
Total Money Spent 1,750  1,250
Total Money Saved 3500 – 1750 = 1650 3500 – 1,250 = 2,250

Thus, total money spent by Person A is ₹1650 whereas by Person B is ₹2250. Though Person B spent more on bike insurance premium, he saved more as well.

Who Should Buy Zero Depreciation Bike Insurance Cover?

New Rider in Accident-Prone Area

Perfectionist Rider

Luxury Bike Owner

New Bike Owner

Daily Commuter in Risky Zones

Budget-Conscious Rider

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Aarav, 25 Year Old Male (Recently Learned to Ride, Lives in a Busy City)

Learning to ride a bike is exciting, but it also comes with its share of risks—especially if you live in an accident-prone area. A comprehensive two-wheeler insurance policy is highly recommended in such cases. It not only covers third-party liabilities but also protects your own vehicle from damages due to accidents, theft, or natural calamities. Add-ons like Zero Depreciation Cover and Roadside Assistance can be extremely helpful for new riders navigating unpredictable roads.
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Sneha, 30 Year Old Female (Hates Dents and Scratches on Her Bike)

If you can’t stand even the tiniest dent or scratch on your two-wheeler, then a standard insurance policy might not be enough. A comprehensive plan with add-ons like Cosmetic Damage Cover, Zero Depreciation, and Engine Protection will ensure your bike stays in pristine condition. These add-ons help reduce out-of-pocket expenses and maintain the aesthetic and functional value of your vehicle.
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Karan, 32 Year Old Male (Owns a High-End Sports Bike with Expensive Parts)

Owning a luxury or high-performance bike is a dream come true, but it also means higher repair and replacement costs. A comprehensive insurance policy with premium add-ons such as Return to Invoice, Engine Protection, and Consumables Cover is ideal. These add-ons ensure that in case of theft or total loss, you’re not left bearing a huge financial burden.
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Meera, 27 Year Old Female (Recently Bought a Brand-New Bike)

If your two-wheeler is less than 5 years old, it’s wise to invest in a comprehensive insurance policy. New bikes are more vulnerable to theft and damage, and repairs can be costly. Add-ons like Zero Depreciation and Return to Invoice can help you recover the full value of your bike in case of a major mishap.
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Ravi, 29 Year Old Male (Rides Through Congested and Accident-Prone Areas Daily)

Frequent riding in high-risk zones increases the chances of accidents and minor damages. A comprehensive insurance policy with add-ons like Roadside Assistance and Engine Protection ensures you're not left stranded or burdened with repair costs. It’s a smart way to stay protected while navigating busy roads.
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Anjali, 31 Year Old Female (Wants to Minimize Out-of-Pocket Expenses)

If you prefer financial peace of mind, a comprehensive insurance policy with the right add-ons can significantly reduce your out-of-pocket expenses. Covers like Zero Depreciation, Engine Protection, and Consumables ensure that most repair and replacement costs are taken care of by your insurer.

How to Buy/Renew Zero-Depreciation Bike Insurance with Digit?

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Enter Bike Details

On the Digit App or website, enter bike’s registration number and select the policy status.

Choose the Plan

Select the comprehensive bike insurance plan and choose the zero dep add-on.

Enter Personal Details

Enter your personal, nominee and vehicle details.

Make Payment

Complete the payment and mandatory KYC verification process.

That's It!

You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

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Login

Login to Digit App or website and go to the ‘My Policy’ section.

Select Policy

Select the policy pending for renewal and click on ‘Renew Policy.’

Choose a Plan

Next, select the zero dep add-on, add tenure and confirm the details, and move to the next step.

Make Payment

Complete the payment and mandatory KYC verification process.

That's It!

You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

Documents Required to Buy Two-Wheeler Insurance Online

To buy Digit bike insurance online, a load of paperwork is not required. Furnish only the following documents to buy a new two-wheeler insurance policy within minutes:

Registration Certificate

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It is an official document issued by the Regional Transport Office (RTO) that proves your vehicle is legally registered under the Motor Vehicles Act. 

Previous Year Insurance Policy

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A Previous Year Insurance Policy refers to the two-wheeler insurance coverage you had for the previous policy term, typically valid for one year. It includes details like:

 

  • Policy Number: Unique ID of your old insurance plan.
  • Coverage Type: Whether it was third-party or comprehensive.
  • Insurer Details: The company that provided the coverage.
  • Policy Expiry Date: The date the previous insurance lapsed.
  • No Claim Bonus (NCB): A discount earned if no claims were made.

Documents for KYC Verification

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Inorder to buy a two-wheeler insurance policy online a KYC verification is needed for which various documnets such as your  PAN/Aadhar/DL/Voter ID/Form 16/Passport is required.

How to Download Your Digit Two-Wheeler Insurance Policy Document?

After purchasing a two-wheeler insurance policy, it is essential to download and keep a copy for future reference. With us, you do not need to carry hard copies of your insurance policy. You can simply download it from our app. 🙂 Follow these simple steps to download your policy document from the Digit website or app:

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Login Your Account

Visit the Digit website or app and click on ‘Login’ at the top-right corner. Enter your registered mobile number and verify with OTP.

Visit ‘Active Policies’

Once logged in, navigate to the Active/My Policies section. Here, you can check the policy number, end date & start date.

Download the Policy

Done! You can save, share, print or email the policy for future reference anytime, anywhere.

How to File & Track a Two-Wheeler Insurance Claim with Digit?

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Login

Open the Digit App and go to the "File Motor Claim" option. Login and you'll be directed to the "File Motor Claim" page. Click on the policy card to start claim filing.

Provide Details

Fill in all the details related to the accident and damage to the bike.

Enter Personal Details

Update your personal details and that's it, your claim is successfully filed, and you will receive the next steps on your email & WhatsApp.

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Login

Open the Digit App and go to the ‘Check Motor Claim Status’ option. Here you can see the complete list of claims filed on your phone number.

Select Claim

Select the claim you want to check the status of. You can see the details of the claim, the current status, timeline, detailed summary, and repairer details too.

73% Two Wheeler Repair Work Approvals done within 12 hours

73% Two Wheeler Repair Work Approvals done within 12 hours

  • In H2 FY25, our average two-wheeler repair approval time was 14 hours and 32 minutes, with 73% of approvals completed within 12 hours. Only a few cases experienced longer wait times, typically due to complex assessments or the need for additional documentation, highlighting our commitment to minimising delays and maximising efficiency. 
  • Rest assured, we carefully monitor every step to ensure your two-wheeler is back on the road as swiftly as possible!

How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter?

Two-Wheeler Insurance Claims Made Simple with Digit

How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter?

At Digit, we believe filing a motor insurance claim should be simple, not stressful. That’s why we’ve built intelligent automation into every step of the process—so you can get back on the road, faster.

 

  • AI That Sees What You See: When you upload a video of the damage through our app, our AI doesn’t just watch—it analyses. Using advanced image recognition, it assesses the extent of the damage, classifies it, and helps determine the next steps. This means quicker evaluations, fewer delays, and a smoother experience for you.
  • Automated Document Processing: From inspection reports to claim forms, our AI systems automatically sort and process your documents. This reduces manual effort, minimises errors, and speeds up approvals. And with a human-in-the-loop approach, we ensure every claim is handled with both precision and empathy.
  • Automation That Works Behind the Scenes: Our systems also fetch claim details directly from partner platforms, eliminating the need for repetitive data entry. Whether it’s Bulk Policy Issuance or real-time claim registration, automation helps us move faster—so you don’t have to wait.

Digit Settled 9.16 Lakh Claims with 99.9950% Accuracy in FY'25

The below data is for all the products as given in the table below.

Settled 9.16 Lakh Claims Settled

Settled 9.16 Lakh Claims Settled

That’s how many times we showed up for our customers in FY 2024–25. Behind each of those numbers is a mishap, and we were right there, making sure things got sorted quickly. 

Out of these, nearly ₹6.52 lakh were motor insurance claims alone—proof that we’re there when it matters most, whether it’s something trivial or serious. 

₹4,622 Crore Paid in Claims

₹4,622 Crore Paid in Claims

From minor hiccups to major emergencies, we made sure our customers didn’t have to carry the financial burden alone. Quick settlements, zero confusion, and real peace of mind. 

Of this, ₹2,199 crore was paid out under motor insurance, covering everything from accidents to unexpected situations like rat damage.

99.9950% Claims Accuracy

99.9950% Claims Accuracy

Out of 9.16 lakh claims in FY 2024–25, only 256 were escalated to the Hon’ble Ombudsman^. Out of which only 46# were escalated and ruled in favour of the customer. This significantly proves the claim's accuracy rate of 99.9950%.

For Motor Claims, out of 256 escalated claims for Digit, just 124 were motor-related. By year-end, 104 motor claims were closed, with 28 resolved through mediation. Only 26 health claim decisions went in favour of customers.

Ombudsman Complaints for FY 2024-25

The below information is a summary of escalated claim cases reviewed by the Hon’ble Ombudsman in FY 2024–25. 

LOB Total Claims Paid (in number) Total Claims Amounts Settled Total Complaints that went to Ombudsman Total Complaints where final decision was given Total Complaints Settled via Mediation Total Decisions in favour of Customer
Health (including PA, travel) 2,18,082 ₹1,374.64 Crore 110 86 21 18
Motor(OD + TP, Including theft, PA) 6,51,954 ₹2,199.58 Crore 124 104 28 26
Other LOBs (miscellaneous) 45,642 ₹1,047.34 Crore 22 17 3 3
Grand Total 9,15,678 ₹4,621.56 Crore 256 207 52 47

Disclaimer: ^This data pertains to cases reported to various offices of the Hon’ble Insurance Ombudsman. Customers have the option to approach the Consumer forum as well; #Only includes complaints arising from claims. The company had a total of 11 complaints arising from non-claims, i.e., policy-related grievances (5 won, 2 settled, 1 lost, and 3 outstanding). One non-claim complaint where the decision went in favour of the complainant is not included in the numerator while calculating claims accuracy.

Which Add-ons to Buy with Zero Depreciation Cover?

Along with opting for zero dep bike insurance cover, the following add-ons are also recommended to enhance your two-wheeler insurance coverage:

Return to Invoice Cover

Return to Invoice Cover

People with new bikes can opt for return to invoice add-on as will cover the costs of getting you the same, or similar bike- including the road tax and registration fees, in case your bike is stolen or damaged beyond repair.

Consumable Cover

Consumable Cover

New bike owners with zero dep cover can opt for the add-on of consumable cover as well because it adds an additional shield to your two-wheeler by covering the cost for all your bike’s nitty-gritties such as the engine oils, screws, nuts and bolts, grease, etc. in the event of an accident.

Breakdown Assistance

Breakdown Assistance

The roadside assistance add-on ensures that you and your two-wheeler are safe in case of any breakdowns.

Things to Remember about Zero Depreciation Insurance

Things to Remember about Zero Depreciation Insurance

Things to Remember about Zero Depreciation Insurance

  • Zero dep insurance for bike add-on cover will not be valid once you have claimed for the specified number of times as mentioned in the policy document.
  • The add-on covers only the cost of your two-wheeler's part depreciation at the time of filing claim and doesn’t cover your compulsory deductibles.
  • Claims made by the insured under zero depreciation bike insurance add-on are subject to the terms and conditions of your two-wheeler insurance policy.

 

Thus, you can enhance the benefits of your standard two-wheeler insurance policy by opting for zero depreciation add-on cover, as it will help you get the full claim amount without considering the cost of depreciation.

Important Articles about Two-Wheeler Tips

FAQs about Zero Depreciation Bike Insurance