Kotak Zero Depreciation Add-on

Kotak Bike Insurance

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Kotak Zero Depreciation Cover

The reduction in the value of a bike with time is taken into account by the insurance company at the time of claim settlement. The claim amount is calculated factoring the depreciation of the insured’s bike. To avoid this depreciation charge, the policyholders can opt for the Zero Depreciation cover along with the comprehensive policy or the standalone own damage policy. Kotak Zero Depreciation cover helps to prevent the deduction of depreciation charge from the claim amount.

A Zero Depreciation cover enables the policyholders to receive the maximum claim amount as no charges are deducted for depreciation. It even provides repair and replacement of the depreciated parts of the insured’s bike.

Benefits of Kotak Zero Depreciation Cover

  • Higher claim: With the Zero Depreciation add-on included in the comprehensive bike insurance policy, the insurer does not deduct any depreciation factor from the claim money. It ensures the policyholders to enjoy the maximum claim amount.
  • Helps saves money: Opting for Zero Depreciation may result in a slight increase in premium amount but it ensures maximum coverage. Under this cover, the free repair and replacement of the depreciated bike parts can be availed.

Zero Depreciation Insurance vs 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



Kotak Zero Depreciation Cover Conditions

Policyholders enjoy multiple benefits with the Kotak Zero Depreciation cover; however, the following conditions should be kept in mind.

  • It is available for bikes with a maximum age of 2 years
  • Policyholders can make only two claims in the entire policy tenure
  • Repair and replacement due to common wear and tear are exclusion
  • In cases of complete damage, mechanical and electrical breakdown the insurer does not provide coverage.

Kotak Bike Insurance User Reviews

93 reviews Write a Review
  • Clear and reliable services

    The InsuranceDekho portal gave clear and reliable services to me while buying the Kotal insurance policy for my TVS Apache RTR 160 4V bike. From givin...

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    Priyanshu Mittal
    On: July 13, 2020 | Views
  • Top-notch insurance services.

    The services of Kotak insurance are exceptional and have always been taking care of my Suzuki RM Z450 bike for the last 2 years. I got to know about t...

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    Gaurav Waghela
    On: July 9, 2020 | Views
  • Easy to compare and choose

    I bought a Kotak insurance policy from InsuranceDekho for my Yamaha MT-15 bike. The insurance platform offered me various policy quotes to compare and...

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    Gaurav Joshi
    On: July 8, 2020 | Views
  • Various insurance solutions

    InsuranceDekho is a great insurance platform that offers several insurance services. I am very impressed with their offerings through which I bought a...

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    Abhishek Nagar
    On: July 8, 2020 | Views
  • Different payment modes

    I have purchased and renewed a Kotak bike insurance policy that I bought for my Honda CB Unicorn 160 bike through different payment gateways. This was...

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    Ishant Rao
    On: July 6, 2020 | Views

Kotak Zero-Depreciation Add-on Cover FAQs

  • Who are best suitable for the Zero Depreciation cover?

    The Zero Depreciation cover is recommended for anyone who wants to avoid the depreciation charge as well as the repair and replacement cost. However, it is best suited for the following people.

    • New bike owners
    • New or inexperienced drivers
    • Luxury bike owners
    • Owners/drivers living in the accident-prone zone
  • What are the advantages of Kotak Zero Depreciation cover?

    The Kotak Zero Depreciation cover provides the following advantages to its 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
  • Do I have to pay extra for adding the Zero Depreciation to my policy?

    Yes, opting for Zero Depreciation cover leads to a slight increase in the premium amount. The rate of increase in premium is based on the model and condition of the bike.

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

    You can add the Zero Depreciation cover to your policy by visiting the official website of Kotak bike insurance or you can dial their toll-free number 1800 266 4545. You can add the Zero Depreciation cover to your comprehensive bike insurance policy at the time of purchase, at the time of the renewal or in the middle of the tenure.

  • Do I need to renew the Zero Depreciation cover every time I renew my Kotak comprehensive bike insurance policy?

    Yes, you need to renew the Zero Depreciation cover every time you renew your Kotak comprehensive bike insurance policy provided it satisfies the conditions of Zero Depreciation cover at the time of renewal.

Kotak Bike Insurance Contact Details

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