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*TP price for less than 75cc two wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

Kotak Zero Depreciation Add-on

Kotak Bike Insurance

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  • More Than 1,300 Cashless Garages
  • Claim Settlement Ratio of 80.82% in FY 2018
  • Round The Clock Customer Assistance
  • Efficient Claim Handling

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

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%



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

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What users are saying
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  • Most Helpful
  • Instant plan renewal process

    Policyholders can easily renew their bike insurance policies at the InsuranceDekho website by just entering th...

    Read More
    W
    By Wasim Siddhiqui
    On: September 23, 2020
  • Policy Renewal in minutes

    The renewal procedure for my comprehensive bike insurance policy of Kotak General Insurance just took a few mi...

    Read More
    R
    By Roshan Kapoor
    On: September 17, 2020
  • Fast policy claim settlement

    I got my entire amount of claim under Kotak insurance policy in less than a week’s time. I purchased the polic...

    Read More
    M
    By Manik Manohar
    On: September 16, 2020
  • Various network garages

    I bought a bike insurance policy offered by Kotak General Insurance at the suggestion of the InsuranceDekho te...

    Read More
    K
    By Kamal Ghai
    On: September 15, 2020
  • Solid network of garages

    The team of InsuranceDekho suggested that I must purchase a Kotak bike insurance cover due to its strong netwo...

    Read More
    A
    By Akhil Saxena
    On: September 14, 2020
  • Execellent

    Excellent service by InsuranceDekho's team. No hidden charges like other portals, totally worth it. Thanks guy...

    Read More
    H
    By HARMINDER SINGH
    On: September 12, 2020
  • Helped me find a plan

    The InsuranceDekho portal provided me different bike insurance plan quotes to compare and choose the most suit...

    Read More
    P
    By Prakash Hajela
    On: September 10, 2020
  • Received complete claim

    With Kotak bike insurance policy, I could easily get my entire claim amount after getting its request settled ...

    Read More
    K
    By Karan Kumar
    On: September 9, 2020
  • Easy insurance for two wheeler

    Great work and easy to use website. I loved the way their executives taught me the policy wording of my policy...

    Read More
    A
    By AMARENDRA KUMAR KAR
    On: September 8, 2020
  • Secured payment gateways

    When it comes to payment, many insurance portals fail to offer a smooth payment process that ruins the purchas...

    Read More
    S
    By Shikha Mehta
    On: September 8, 2020
  • Instant plan renewal process

    Policyholders can easily renew their bike insurance policies at the InsuranceDekho website by just entering th...

    Read More
    W
    By Wasim Siddhiqui
    On: September 23, 2020
  • Policy Renewal in minutes

    The renewal procedure for my comprehensive bike insurance policy of Kotak General Insurance just took a few mi...

    Read More
    R
    By Roshan Kapoor
    On: September 17, 2020
  • Fast policy claim settlement

    I got my entire amount of claim under Kotak insurance policy in less than a week’s time. I purchased the polic...

    Read More
    M
    By Manik Manohar
    On: September 16, 2020
  • Various network garages

    I bought a bike insurance policy offered by Kotak General Insurance at the suggestion of the InsuranceDekho te...

    Read More
    K
    By Kamal Ghai
    On: September 15, 2020
  • Solid network of garages

    The team of InsuranceDekho suggested that I must purchase a Kotak bike insurance cover due to its strong netwo...

    Read More
    A
    By Akhil Saxena
    On: September 14, 2020
  • Execellent

    Excellent service by InsuranceDekho's team. No hidden charges like other portals, totally worth it. Thanks guy...

    Read More
    H
    By HARMINDER SINGH
    On: September 12, 2020
  • Helped me find a plan

    The InsuranceDekho portal provided me different bike insurance plan quotes to compare and choose the most suit...

    Read More
    P
    By Prakash Hajela
    On: September 10, 2020
  • Received complete claim

    With Kotak bike insurance policy, I could easily get my entire claim amount after getting its request settled ...

    Read More
    K
    By Karan Kumar
    On: September 9, 2020
  • Secured payment gateways

    When it comes to payment, many insurance portals fail to offer a smooth payment process that ruins the purchas...

    Read More
    S
    By Shikha Mehta
    On: September 8, 2020
  • Incredible issuance process

    The InsuranceDekho portal issued me a Kotak bike insurance policy that I bought for my Suzuki Access 125 scoot...

    Read More
    S
    By Sakshi Srivastava
    On: September 7, 2020

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.

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Kotak Bike Insurance Contact Details

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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.