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Key Features:
  • No Inspection Needed
  • Immediate Policy Issurance

Calculate Your Bike Insurance Premium Online

Select your Two wheeler brand

  • Hero
  • Honda
  • TVS
  • Bajaj
  • Yamaha

Which city is your Two wheeler registered in?

  • Ahmedabad
  • Bangalore
  • Chandigarh
  • Chennai
  • Gurgaon

When did you buy your Two wheeler?

Have you made a insurance claim in the previous year?

Magma HDI Zero Depreciation Cover

Insurance companies deduct a depreciation charge from the claim amount due to the loss in the value of the insured’s bike over time. Zero Depreciation is an add-on cover that can be opted along with standalone own damage or a comprehensive bike insurance policy to prevent the deduction of depreciation charges at the time of claim settlement. Magma HDI Zero Depreciation add-on shields its policyholders from the loss of claim amount in lieu of depreciation charges.

Magma HDI Zero Depreciation cover ensures maximum claim amount to the policyholders. It provides the privilege to repair and replace depreciable parts of the insured’s bike at the cashless garages irrespective of the depreciation in the value.

Benefits of Magma HDI Zero Depreciation Add-on Cover

Magma HDI Zero depreciation add-on cover offers the following benefits to its customers:

  • Higher claim: The policyholders opting for the Zero Depreciation enjoy a higher claim on the assured amount as the insurer does not deduct any charges for the depreciation in the value of the insured’s bike. It ensures the policyholders to enjoy the maximum claim amount.
  • Saves money: A slight increase in the premium amount due to Zero Depreciation cover helps to save the expenses on the repair and replacement of the depreciable parts of the insured’s bike.

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



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



Factors Affecting Magma HDI Zero Depreciation Cover

To avail the benefits of Magma HDI Zero Depreciation cover, the policyholders need to abide by the conditions mentioned below:

  • Any damage due to the normal wear and tear is excluded.
  • This cover can be claimed only twice in the entire policy period.
  • It can be availed only if the age of the bike does not exceed 2 years.
  • The insurer does not cover total loss, mechanical and electrical breakdown of the bike.

Must Read Articles before buying Magma Bike Insurance

Magma Bike Insurance User Reviews

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What users are saying
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  • Zero Depreciation
  • Most Helpful
  • Comprehensive
  • Third Party
  • Own Damage
  • Renewal
  • Cashless Garages
  • Price
  • Premium
  • Policy Download
  • Customer Care
  • Claim
  • Add On
  • Good service

    Easy and lot of insurance options to choose as per our requirement Happy and satisfied Good experience and I a...

    Bajaj Avenger 220 Chennai
    On: June 27, 2021
  • Easy insurance solutions

    Overall good experience. The process was easy to fill with no documents and no paper required. Payment gateway...

    BULLET CLASSIC Malkangiri
    On: November 28, 2020
  • Great Service

    Great Service. Thanks to the executive of the InsuranceDekho portal for helping me buy an insurance policy exa...

    Hero Splendor Pro Bhuj (Kachchh)
    On: September 10, 2020
  • I purchased a Magma bike insurance plan from InsuranceDekho portal. I made a claim request for my Hero HF Delu...

    Read More
    By Aditya Mehta
    On: July 10, 2020
  • Magma insurance plan offers protection for my Yamaha Saluto bike through its great and prompt insurance servic...

    Read More
    By Amish Gaur
    On: July 9, 2020
  • I have a Magma insurance plan for my Suzuki Gixxer SF 250 bike that I bought from InsuranceDekho platform. The...

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    By Arvind Mehra
    On: July 3, 2020
  • Insurance Dekho is a perfect insurance platform that provided me with various insurance quotes to select my po...

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    By Saumil Sahore
    On: June 26, 2020
  • The InsuranceDekho platform offered me a variety of insurance services for my Magma insurance. It helped me a ...

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    By Ishaan Malhotra
    On: June 25, 2020
  • I have a comprehensive insurance plan of Magma Insurance Firm that covers my Bajaj Dominar 400. I chose and pu...

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    By Kunal Tyagi
    On: June 4, 2020
  • Magma Insurance firm quickly settled my claim request for TVS Jupiter scooty. I have bought this great plan fr...

    Read More
    By Komal Asthana
    On: May 29, 2020

Insurance Products by Magma General Insurance

Magma HDI Zero Depreciation Add-on Cover FAQs

  • Which depreciable bike parts are covered under Magma Zero Depreciation cover?

    Magma HDI Zero Depreciation add-on provides coverage for the repair of the following bike parts:

    • Rubber
    • Nylon
    • Plastic
    • Fibreglass.
  • Does a Zero Depreciation cover ensure full claim amount?

    No, Zero Depreciation cover does not ensure full claim amount as deductibles are factorized while calculating the claim amount. Zero Depreciation waivers only the depreciation charges ensuring maximum claim amount.

  • What are the factors that decide the rate of increase in the premium amount for opting Zero Depreciation cover?

    The factors that decide the rate of increase in the premium amount for opting Zero Depreciation cover are as follows:

    • Age of the vehicle
    • Model or variant of the vehicle
    • Area of residence.

    An inspection may be conducted by the insurer before adding the Zero Depreciation cover to your bike insurance policy.

  • Is the Zero Depreciation cover available only for new bikes?

    Magma HDI Zero Depreciation cover is available for new as well as old bikes. However, the age of the bike should not exceed 2 years.

  • Does Zero Depreciation provide coverage beyond the city limits?

    The Magma HDI Depreciation will only provide coverage within the predetermined geographical zone. The insurer will not bear the expense of any damage incurred by the insured’s bike outside the area.

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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.