National Zero Depreciation Add-on

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National Zero Depreciation Cover

The loss in value incurred by bikes over time is known as depreciation. Insurers take this depreciation under consideration and deduct a depreciation charge from the claim amount at the time of claim settlement. Policyholders cannot avoid the depreciation charge with a standard comprehensive plan or a standalone own damage plan, but the Zero Depreciation cover helps in getting rid of the depreciation sum.

The National comprehensive bike insurance policy offers an extensive coverage with the Zero Depreciation add-on cover. This cover prevents the insurer from charging any depreciation amount. It provides coverage for repair and replacement as well. Thus, with the Zero Depreciation cover added to the comprehensive bike insurance policy, the policyholders can avail maximum claim and zero additional expense.

Benefits of National Zero Depreciation Cover

  • Higher claim: By paying a little extra premium for the Zero Depreciation cover, the policyholders can enjoy the maximum claim. As no depreciation charge gets deducted with the Zero Depreciation cover, the policyholders can claim the entire sum.
  • Helps in saving money: The National Zero Depreciation add-on cover bears the expense of repairing and replacing the parts of the insured’s bike. Thus, the policyholder can save money which is to be spent on repairing and replacing bike parts.

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



National Zero Depreciation Cover Conditions

The National Zero Depreciation cover provides many benefits to the policyholders, however, certain conditions should be taken under consideration.

  • The Zero Depreciation cover can be availed by bikes with the maximum age of 2 years
  • Policyholders can claim Zero Depreciation only twice during the policy tenure
  • Common wear and tear is not covered under the Zero Depreciation cover
  • This cover does not apply in the case of complete damage or loss

National Bike Insurance User Reviews

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  • Fast claim settlement

    I got my claim for National insurance settled in very less time which I purchased for my Royal Enfield Classic 350 bike. The executives of InsuranceDe...

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    Jai Kapoor
    On: July 10, 2020 | Views
  • Numerous payment methods

    I bought a National Insurance plan for my Honda CB Unicorn 160 bike through diverse payment modes of InsuranceDekho portal. It made my purchase and re...

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    Arun Anand
    On: July 9, 2020 | Views
  • Easy and secured payment

    InsuranceDekho provided me with the easiest and safest payment gateways through which I could buy and renew my National insurance plan for my Honda CD...

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    Neerav Joshi
    On: July 3, 2020 | Views
  • Safe and swift payment modes

    InsuranceDekho platform offered me the safest and swiftest payment modes while buying and renewing my National bike insurance plan from them for my Ro...

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    Anmol Yadav
    On: June 26, 2020 | Views
  • Brilliant customer care support

    The customer care team of National insurance is active and great and due to which I never witnessed any problem in managing and availing my insurance ...

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    On: June 25, 2020 | Views

National Zero-Depreciation Add-on Cover FAQs

  • Does the National Zero Depreciation add-on cover consequential damage?

    No, the National Zero Depreciation add-on does not provide coverage for any consequential loss or damage caused to the insured’s bike under any circumstances. The policyholder will have to bear the cost of the consequential damage or loss.

  • Who should opt for the Zero Depreciation cover?

    Everyone can opt for the Zero Depreciation cover for extensive coverage. However, it is best suited for the following:

    • New bike owners
    • New or inexperienced bike drivers
    • Luxury bike owners
    • Owners or drivers living in the accident-prone zones.
  • Does the Zero Depreciation cover need to be renewed each time I renew the policy?

    Yes, you need to renew the Zero Depreciation cover each time you renew your comprehensive bike insurance policy. You will not be able to avail the benefits of the cover without renewing it timely.

  • WIll the National Zero Depreciation add-on cover the repairing cost of fibre glass and glass parts?

    The National Zero Depreciation add-on will provide coverage for the fibre glass parts but the glass parts are not included under this add-on. The depreciation rate of fibre glass without the Zero Depreciation cover is 30% and with the Zero Depreciation cover is nil.

  • Can I add the Zero Depreciation cover during the renewal of my policy?

    Yes, you can add the Zero Depreciation cover at the time of renewal provided you have opted for the comprehensive bike insurance policy. The Zero Depreciation cover can be added in the middle of the policy tenure as well.

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