IFFCO Tokio Zero Depreciation Add-on

While buying an insurance policy it is essential to choose all the right add-on covers. It adds exclusive features to your insurance policy. One of the most beneficial add-on covers offered by IFFCO Tokio is Nil depreciation or Zero depreciation. The policyholders can get this add-on cover with the purchase of comprehensive bike insurance policy and standalone own-damage cover.

As we progress in time the value of your our assets tends to decrease. This phenomenon of a constant decrease in the value of assets is known as depreciation. Every two-wheeler owner is aware of the fact that normal wear and tear is unavoidable. Therefore IFFCO Tokio provides Zero depreciation cover through which the policyholders can claim the maximum value of their bike. It provides a shield against the depreciating factors, resulting in decreasing the value of the bike and helps you claim the original value of your two-wheeler in case of an accident.

Benefits of IFFCO Tokio Zero depreciation Add-on Cover

IFFCO Tokio Zero depreciation add-on cover offers the following benefits to its customers:

• Complete Coverage of The Vehicle - It becomes easier for the policyholders to settle down their claim when there is no need to worry about the depreciation. They can receive the claim amount without any deduction of the depreciation amount if covered under the comprehensive insurance policy.
• Unlimited Number of Claims - Unlike other insurance companies, IFFCO Tokio allow policyholders to make an unlimited zero depreciation claim.
• Higher Claim Amount - Zero depreciation covers help the policyholders to claim the maximum amount for their bike. There is no deduction made on the claim amount in the name of depreciation.
• Saves Money - Rather than losing all the finances paying for replacement of bike parts, policyholders can save a lot of money with the zero depreciation cover. They only pay the premium amount and all the damage compensation is taken care of by the insurance provider.

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

There are conditions under which the policyholders can avail the benefits offered by IFFCO Tokio Zero depreciation cover:

• The policyholders can make unlimited claims during the entire policy period.
• The depreciation benefit offered by IFFCO Tokio is only available for bikes up to 7 years of age.