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When did you buy your Two wheeler?

Have you made a insurance claim in the previous year?

Future Generali Zero Depreciation Cover

The loss in the value of a bike over time is taken into consideration by the insurance companies as a depreciation factor. The depreciation charges are cut off from the claim amount at the time of claim settlement. You can opt for Zero Depreciation cover to avoid the deduction of depreciation charges. Future Generali Zero Depreciation cover ensures that the insurer does not deduct any depreciation charges from the claim amount.

Future Generali Zero Depreciation add-on cover can be opted with a standalone own damage or comprehensive insurance plan. It enhances the scope of coverage of the existing two-wheeler insurance policy. A zero depreciation add-on cover ensures free of cost repairs or replacement of the depreciable parts of the insured two-wheeler. With this add-in cover one can avail full claim settlement amount without depreciation deductions.

Benefits of Future Generali Zero Depreciation Cover

Following are some benefits of opting for a Zero Depreciation add-on cover with your two-wheeler comprehensive or standalone own-damage insurance policy:

  • Additional Protection: The zero depreciation add-on cover provides additional protection to the policy holder by providing compensation for repairs/replacements of the depreciable parts of the insured two-wheeler. This way you can avail additional protection as at the time of filing a claim depreciation deductions can reduce the amount of claim.
  • Full Claim Settlement: With a zero depreciation add-on cover the policyholder can avail full claim settlement amount as cost for repairs/replacements for depreciable parts of the insured two-wheeler. While claim settlement of a two-wheeler insurance policy with zero depreciation the claim amount is calculated without considering the depreciation deductions
  • Saves Money: Although opting for a zero depreciation add-on cover slightly increases the premium rate of the two-wheeler insurance policies but can save money in the long run. You may have to pay an extra premium for the add-on cover but at the time of filing a claim this add-on cover lets you avail full claim settlement amount.

Depreciation Rate Applicable on Bike With And Without Zero Depreciation Add-on

Age of Bike

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Part of Bike

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation With Zero Depreciation

Rubber/nylon/ plastic parts

50%

0%

Fibre glass parts

30%

0%

Glass parts

Nil

0%

What is Included under a Future Generali Two-Wheeler Insurance Policy with Zero Depreciation Cover?

Following aspects are covered under a Future Generali Two-Wheeler Insurance policy with Zero Depreciation Cover:

  • Cost of depreciable parts such as nylon, fiberglass, plastic or rubber parts of the two-wheeler is covered under a two-wheeler insurance policy with zero depreciation add-on cover
  • Zero depreciation cover may also include partial damages to the battery and tyres.
  • Compensation for the cost of repairs/replacement of the depreciable parts beared the policyholder will be provided to the policyholder at the time of claim settlement.

What is not Included under a Future Generali Two-Wheeler Insurance Policy with Zero Depreciation Cover?

Following are some things which shall not be covered under a Future Generali Two-Wheeler Insurance policy with Zero Depreciation Cover:

  • Loss or total damage of the insured two-wheeler
  • Damages to the insured two-wheeler due to mechanical fault or failure.
  • Routine ageing/wear and tear is not covered under a two-wheeler insurance policy along with zero depreciation add-on cover

Factors Affecting Future Generali Zero Depreciation Cover

To avail the benefits of Future Generali Zero Depreciation, You need to abide by the conditions mentioned below:

  • It can be availed by bikes with a maximum age of 5 years.
  • You can claim this cover only twice in the entire policy period.
  • The repair and replacement due to common wear and tear are exclusions under this cover.
  • No coverage is provided in cases of a total loss, mechanical and electrical breakdown of the bike.

Must Read Articles before buying Future Generali Bike Insurance

Future Generali Bike Insurance User Reviews

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  • Efficient Claims Settlement

    I had a claim for my Future Generali Bike Insurance Policy for my Bajaj bike, and the process with Insurance...

    M
    By Mukesh Bagga
    On: November 21, 2023
  • Depreciation-Free Repairs

    I appreciate how zero-dep insurance added to my Future Generali Bike Insurance Policy from InsuranceDekho en...

    A
    By Anoop Singh
    On: November 9, 2023
  • No Hidden Surprises

    I feel that with InsuranceDekho, there were no hidden surprises during renewal. The terms and conditions for...

    S
    By Sumil Magr
    On: November 3, 2023
  • Financial Security on the Road...

    Third-party car insurance from InsuranceDekho provides financial security on the road. I know I won't face u...

    A
    By Aamir Shah
    On: October 31, 2023
  • All-Inclusive Protection Done ...

    I appreciate how InsuranceDekho gets all-inclusive protection right with their comprehensive bike Future Gen...

    By Dheeraj Sabr
    On: October 23, 2023
  • Effortless Car Insurance Claim...

    InsuranceDekho made my Future Generali Bike Insurance Policy’s claim process effortless. Their quick respons...

    R
    By Rajesh Goswami
    On: October 17, 2023
  • Tailored Coverage Options with...

    InsuranceDekho's own damage coverage with the Future Generali Bike Insurance Policy is an amazing policy. Th...

    S
    By Sanjay Koul
    On: October 12, 2023
  • Wide Network, More Options

    InsuranceDekho's extensive network of cashless garages means more options for repairs. It's reassuring to kn...

    K
    By Kartik Mahadevan
    On: October 6, 2023
  • Renewal Made Easy

    InsuranceDekho's car insurance renewal is hassle-free. I didn't have to jump through hoops or deal with conf...

    S
    By Sunil Gayen
    On: September 29, 2023
  • Efficient Claims Handling

    InsuranceDekho handled my claims for third-party insurance efficiently which I filed for my Future Generali ...

    M
    By Manoj Verma
    On: September 20, 2023

Future Generali Zero-Depreciation Add-on Cover FAQs

  • Does the Zero Depreciation cover provide for plastic parts of bikes?

    Yes, Future Generali Zero Depreciation cover provides coverage for plastic parts of the insured’s bike. Thus, when you opt for it, the insurance company does not take into consideration the 50% depreciation rate applicable on it.

  • Do I receive the full claim amount if I opt for Zero Depreciation cover?

    Adding Zero Depreciation cover ensures maximum claim by eliminating the depreciation factor. However, you do not receive the full claim amount as the deductibles will be factorized at the time of claim settlement.

  • What are the advantages of Future Generali Zero Depreciation cover?

    The Future Generali Zero Depreciation cover provides the following advantages to its policyholders:

    • Policyholders save significant cost on the repairs and maintenance of the depreciated parts of the insured’s bike.
    • Ensures full IDV amount as the claim amount.
    • Provides free of cost replacement of depreciated bike parts.
  • Can I avail Zero Depreciation cover in case of theft of the insured’s bike?

    No, you cannot avail Zero Depreciation cover in case of theft of the insured’s bike.

  • How can I add the Zero Depreciation cover to my policy?

    Zero Depreciation cover can be added to your policy in the following ways:

    • By visiting its official website
    • By dialling its helpline number 1860 500 3333 or 1800 220 233
    • By visiting the nearest branch

    You can add this cover to your comprehensive bike insurance policy at the time of purchase, renewal or in the middle of the tenure.

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#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.