Hdfc Ergo Zero Depreciation Add-on

HDFC ERGO Bike Insurance

150 reviews Rate This
  • Claim Settlement Ratio 94% for FY 2017-18
    Check in your City
  • More than 6,800 Cashless garages
  • 24*7 Customer Support
  • Provides customized corporate plans
  • Offices in 101 Indian cities

HDFC ERGO Zero Depreciation Cover

Over time, the value of an asset reduces. The decrease in the monetary value of an asset over time is known as depreciation. Like other assets, a bike is also subject to depreciation. By default, the liability to bear the cost of depreciation incurred by a bike lies with the vehicle’s owner and not the insurance company. Thus, at the time of a claim, the insurer deducts the depreciation expenses incurred by the bike from the claim amount. However, a policyholder can shift this liability of bearing the cost of depreciation to the insurer by opting for a zero depreciation add-on cover.

The HDFC Ergo Zero Depreciation can be availed with the HDFC Comprehensive bike insurance policy as well as with the HDFC Standalone Own-damage cover for bikes.

Benefits of HDFC Ergo Zero Depreciation Cover

You can enjoy the following benefits with zero depreciation cover offered by HDFC Ergo General Insurance.

  • Helps you get full claim amount- If you opt for this add-on cover, no depreciation expense will be deducted by the insurer at the time of claim settlement and you get full claim amount.
  • Unlimited Number of Zero Depreciation Claims Allowed - Most insurance companies allow 2 claims under the zero depreciation add-on, however, HDFC Ergo General Insurance allows its policyholders to make unlimited number of claims under the zero depreciation add-on cover.

Zero Depreciation Insurance v/s Normal Insurance

Age of bike

Rate of Depreciation Without Zero Depreciation cover

Rate of Depreciation With Zero Depreciation cover

Under 6 months



6 months to 1 year



1-2 years



2-3 years



3-4 years



4-5 years



5-10 years



Above 10 years



Part of bike

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation With Zero Depreciation

Rubber/nylon/ plastic parts



Fibre glass parts



Glass parts



HDFC Ergo Zero Depreciation Cover Conditions

There are certain conditions set by the insurer to avail the zero depreciation cover.

  • You can opt for the zero depreciation add-on only if the bike you are insuring is not more than 5 years old.
  • You cannot avail zero depreciation cover if the bike is completely damaged or stolen.

HDFC ERGO Bike Insurance User Reviews

150 reviews Write a Review
  • Digitally enabled processes

    The InsuranceDekho platform provided me with different insurance-related solutions without any paperwork. This online feature helped me purchase HDFC ...

    Read More
    Pankaj Desai
    On: July 13, 2020 | Views
  • Add-on insurance covers offered

    InsuranceDekho platform offered me several add-on covers for HDFC ERGO insurance plan to widen the coverage for my Bajaj Pulsar RS 200 bike. It provid...

    Read More
    Kamal Prakash
    On: July 9, 2020 | Views
  • Renewed my policy easily

    I could get my HDFC ERGO insurance policy that I purchased for my Hero Maestro Edge 125 bike renewed instantly at InsuranceDekho platform. It was an e...

    Read More
    Amit Tandon
    On: July 8, 2020 | Views
  • Excellent claim settlement

    I did not face any problem in getting my claim request settled with HDFC ERGO insurance policy due to the guidance of the InsuranceDekho team. I made ...

    Read More
    Hemant Singhal
    On: July 8, 2020 | Views
  • Active customer support

    The customer support team of InsuranceDekho is very active. Due to their help I never have to witness any insurance-related trouble with my HDFC ERGO ...

    Read More
    Ankur Negi
    On: July 6, 2020 | Views

HDFC Ergo Zero Depreciation Cover FAQs

  • How many times can I claim under the zero depreciation cover of HDFC Ergo comprehensive policy?

    HDFC Ergo General Insurance allows its customers to make unlimited claims against a zero depreciation cover.

  • Is it wise to take a zero depreciation cover?

    A zero depreciation cover helps you to save a lot of money that you have to bear for the normal wear and tear of the bike. Moreover, when you make a claim, the insurance company will reimburse the claim amount without any deduction for depreciation. The insurer compensates for repair or replacement of bike parts made of plastic, rubber, fibreglass and nylon without any depreciation charge. Hence, the purchase of a zero depreciation cover is definitely a wise decision.

  • When can I buy zero depreciation add on?

    You can buy the HDFC zero depreciation cover at the time of buying/renewing an HDFC Comprehensive bike insurance policy and HDFC Standalone Own-damage cover for bikes.

  • Does the HDFC Ergo Zero Depreciation cover total loss?

    No, the HDFC Ergo Zero Depreciation does not provide coverage for total loss of the bikes. This policy does not include the case of total damage as well.

  • Can I avail Zero Depreciation coverage for rubber and plastic parts?

    Yes, you can avail Zero Depreciation cover for the rubber and plastic parts of your bike. The insurer will bear the expense of repairing and replacing the parts made of rubber and plastics. Without the Zero Depreciation added to your policy, you will have to pay 50% as depreciation charge for rubber and plastic parts.

HDFC ERGO Bike Insurance Contact Details

For any assistance or query, call us on

Latest Bike Insurance News