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New India Zero Depreciation Cover

The depreciation in the value of the bike and its parts are taken into account at the time of claim settlement. The claim amount is determined after deducting the depreciation charge and the deductibles. To prevent the deduction of the depreciation factor, the policyholder may opt for a Zero Depreciation cover. New India Assurance Zero Depreciation cover helps the policyholders to avail the maximum claim amount by preventing the deduction of the depreciation charge.

New India Assurance Zero Depreciation cover along with standalone own damage and comprehensive bike insurance policy assures maximum claim amount without factorizing the depreciation charges. It provides the facility of free of cost repair and replacement of the depreciated parts of the insured’s bike.

Benefits of New India Zero Depreciation Add-On Cover

You can enjoy the following benefits with zero depreciation add-on cover offered by the New India Assurance Company:

  • 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 premium amount due to Zero Depreciation cover helps to save the expenses on the repair and replacement of the depreciable bike parts such as rubber, metal, plastic, nylon, fibre etc.

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

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%

Factors Affecting New India Zero Depreciation Cover

To avail the benefits of New India Assurance Zero Depreciation cover, You need to abide by some of the conditions mentioned below:

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

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Must Read Articles before buying New India Bike Insurance

New India Bike Insurance User Reviews

4.8
Rating based on
481 User reviews
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What users are saying
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  • Effortless Claims Settlement

    I had to make a claim for the New India Bike Insurance Policy after my Bajaj bike was damaged. The claims settlement process was incredibly efficient and hassle-free. InsuranceDekho ensured I got back on the road quickly.

    Read More

    S
    By Subhash Chaudhary
    On: November 22, 2023
  • Ideal for Exploring Policy Opt...

    The premium calculator on InsuranceDekho is ideal for exploring different policy options. With the New India Bike Insurance Policy, I was able to experiment with various coverage levels for my Bajaj bike to find the right balance between protection and cost.

    Read More

    By Akash Dholakia
    On: November 16, 2023
  • All-in-One Protection at Its B...

    InsuranceDekho's comprehensive coverage is like an all-in-one package for bike protection. The New India Bike Insurance Policy covers everything from accidents to natural disasters, making it the best choice for my Kawasaki bike.

    Read More

    By Suresh Dahia
    On: October 30, 2023
  • All-in-One Protection with Ins...

    InsuranceDekho's Comprehensive Car Insurance is an all-in-one protection package. The New India Bike Insurance Policy is a one-stop solution for all my Triumph bike’s insurance needs, offering coverage for every scenario.

    Read More

    M
    By Mayank Gupta
    On: October 18, 2023
  • Responsible Driving Encouragem...

    I recently bought the New India Bike Insurance Policy from InsuranceDekho's third-party and the coverage encourages responsible driving by ensuring that my Yamaha bike have good coverage, promoting safer roads.

    Read More

    P
    By Pankaj Kumar
    On: October 16, 2023
  • Trustworthy and Reliable Cover...

    I recently updated my New India Bike Insurance Policy and added InsuranceDekho's own damage coverage to my Jawa bike. T]It is completely trustworthy and reliable. I feel secure knowing I have them as my insurance provider.

    Read More

    M
    By Mihir Manral
    On: September 27, 2023
  • Affordable Renewal Options

    I found the renewal options from InsuranceDekho to be affordable without compromising on coverage for the New India Bike Insurance Policy. They make it easy to renew without breaking the bank. I'm happy with the value they provide for my Kawasaki bike.

    Read More

    A
    By Abhijeet Toor
    On: September 25, 2023
  • Top-Notch Service During Claim...

    I want to express my gratitude to InsuranceDekho for their top-notch service during my claim for the New India Bike Insurance Policy. They went above and beyond to assist me with my Yamaha bike.

    Read More

    M
    By Manu Kalra
    On: September 21, 2023
  • Prompt Renewal Reminders

    InsuranceDekho sends timely renewal reminders, making it easy to keep my New India Bike Insurance Policy’s third-party coverage up to date for my Jawa bike. It's a helpful service.

    Read More

    S
    By Shirish Kota
    On: September 14, 2023
  • Helpful Tool for Budget Planni...

    I was looking for a good policy for my Kawasaki bike and InsuranceDekho's premium calculator came out to be a helpful tool for budget planning for the New India Bike Insurance Policy. It allowed me to see how different factors affect my premium.

    Read More

    T
    By Taposh Rabeya
    On: September 12, 2023
  • Transparent Policy Terms

    Transparency is crucial when it comes to insurance, and InsuranceDekho delivers. Their own damage policy with the New India Bike Insurance Policy terms are clear and easy to understand. Happy and satisfied to have taken this plan for my Bajaj bike.

    Read More

    S
    By Sagar Bhatt
    On: September 8, 2023
  • Empathetic Approach

    Dealing with accidents can be emotionally taxing, but InsuranceDekho's empathetic approach during claims of my New India Bike Insurance Policy for my Kawasaki bike has made the process more manageable.

    Read More

    S
    By Shanu Bhaskar
    On: September 4, 2023
  • Simple and Straightforward

    Opting for a Third-Party Car Policy through InsuranceDekho is simple and straightforward. The New India Bike Insurance Policy covers third-party liabilities for my Vespa bike, making it easy for me to drive legally.

    Read More

    R
    By Roshan Kiran
    On: August 28, 2023
  • Trustworthy and Reliable Servi...

    I trust InsuranceDekho's cashless garages for their reliability and efficiency. The New India Bike Insurance Policy has consistently delivered on its promises for my BMW bike.

    Read More

    M
    By Manjeet Bhatia
    On: August 24, 2023
  • Trustworthy Insurance Partner ...

    InsuranceDekho has been my trusted insurance partner for my Kawasaki bike policy renewals. The New India Bike Insurance Policy's reliability and customer-oriented approach keep me coming back.

    Read More

    S
    By Sohan Jasrotia
    On: August 22, 2023
  • Value for Money Service

    I bought the New India Bike Insurance Policy from InsuranceDekho. Its cashless garages offered value for money service for my Kawasaki. It's a great benefit to have when you need urgent car repairs without emptying your wallet.

    Read More

    K
    By Kailash Gupta
    On: August 10, 2023
  • User-Friendly Renewal Interfac...

    The user interface for bike insurance renewal on InsuranceDekho's website was user-friendly and intuitive. I didn't encounter any issues while renewing my New India Bike Insurance Policy for my Ampere bike online.

    Read More

    S
    By Suni Mohite
    On: August 8, 2023
  • Fair Valuation for Repairs

    InsuranceDekho's own damage policy provided fair valuation for the repairs needed after an accident for my Bajaj bike. I didn't have to worry about overpaying or getting subpar service because of the New India Bike Insurance Policy.

    Read More

    N
    By Nitish Tyagi
    On: August 7, 2023
  • Fair Evaluation of Damages

    I appreciate InsuranceDekho's fair evaluation of the damages during my Vespa bike claim. They didn't try to cut corners, and I felt I received what I deserved in terms of compensation which was promised while buying the New India Bike Insurance Policy.

    Read More

    R
    By Raghav Arora
    On: August 3, 2023
  • Prompt Claim Settlements

    InsuranceDekho excels in claim settlements for their third-party car insurance. The process for the New India Bike Insurance Policy claim for my Honda bike was done promptly and efficiently, ensuring a hassle-free experience. I am grateful for their commitment to customer satisfaction

    Read More

    M
    By Mayank Sarangi
    On: July 28, 2023
  • Added Protection and Zero Worr...

    InsuranceDekho's zero depreciation cover provided me with added protection for my Vespa bike during an unfortunate accident. I am so glad that I bought the New India Bike Insurance Policy. Not only the premiums were within my budget, but the benefits outweighed the cost.

    Read More

    S
    By Sehaj Kalra
    On: July 25, 2023
  • Easy Claim Process

    InsuranceDekho's cashless garages made the claim process for the New India Bike Insurance Policy incredibly easy. I just had to inform them, and they took care of the rest, ensuring a hassle-free experience for my Aprilia bike.

    Read More

    By Sreenath Gobind
    On: July 21, 2023
  • Excellent Customer Support

    The customer support team at InsuranceDekho was always available to assist me during the renewal process for my New India Bike Insurance Policy for my BMW. Their professionalism and prompt response impressed me.

    Read More

    N
    By Navin Shah
    On: July 19, 2023
  • Clear Policy Terms

    InsuranceDekho's own damage policy had clear and easy-to-understand terms. I knew exactly what was covered under the New India Bike Insurance Policy and the claim process for my Jawa bike, which made the whole experience transparent.

    Read More

    S
    By Shakti Das
    On: July 18, 2023
  • Fair Evaluation and Transparen...

    InsuranceDekho's car insurance claim process was fair and transparent. The evaluation of my New India Bike Insurance Policy claim for my BMW was done accurately, and the settlement offered was reasonable. I appreciate their honesty and integrity throughout the process.

    Read More

    By Kush Banerjee
    On: July 14, 2023
  • Helpful Tool for Budgeting

    InsuranceDekho's premium calculator is a helpful tool for budgeting. It allows me to adjust coverage parameters and instantly see how they affect the premium amount for my New India Bike Insurance Policy. This feature helps me find the right balance between coverage and affordability for my Mahindra bike.

    Read More

    K
    By Kapil Verma
    On: July 12, 2023
  • Assistance with Legal Proceedi...

    InsuranceDekho provided valuable assistance with legal proceedings arising from third-party claims. Couldn’t be happier to have safeguarded my Suzuki bike with the New India Bike Insurance Policy. Their support team guided me through the necessary steps and documentation required, ensuring a smooth process.

    Read More

    P
    By Pankaj Handa
    On: July 10, 2023
  • Competitive Premium Rates

    InsuranceDekho provided competitive premium rates for their comprehensive car insurance policy. I found their rates to be affordable without compromising on the coverage and benefits provided so I immediately bought the New India Bike Insurance Policy for my Mahindra bike. Definitely will recommend it to everyone.

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    R
    By Rupesh Tyagi
    On: July 7, 2023
  • Prompt Assistance in Emergency...

    InsuranceDekho provides an amazing response in emergencies. They provided prompt assistance, arranging for towing services and guiding me through the necessary steps to file a claim for my New India Bike Insurance Policy for my KTM bike. The claims team was available round-the-clock, ensuring that I received the necessary support during the difficult situation. Their prompt assistance and support were invaluable.

    Read More

    A
    By Anand Saxena
    On: July 5, 2023
  • Transparent Pricing

    I was very impressed with the transparency while renewing the New India Bike Insurance Policy for my Vespa. I knew exactly what I was paying for and there were no hidden fees. I would definitely recommend InsuranceDekho to others.

    Read More

    D
    By Daksh Kamble
    On: June 29, 2023
New India Reviews

New India Assurance Zero-Depreciation Add-on Cover FAQs .

  • 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

  • Does New India Assurance Zero Depreciation provide free of cost repair of the depreciated bike parts?

    Yes, if you opt for the New India Assurance Zero Depreciation cover, then the insurance company provides free of cost repair of the depreciated bike parts up to 2 claims.

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

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

  • Which depreciable bike parts are covered under New India Assurance Zero Depreciation cover?

    New India Assurance Zero Depreciation cover provides coverage for the repair of the following bike parts:

    • Rubber
    • Nylon
    • Plastic
    • Fibreglass

  • Where can I get more information about the New India Assurance Zero Depreciation cover?

    You can get more information about New India Assurance Zero Depreciation cover

    • through their official website
    • By visiting the nearest branch
    • By calling on its toll-free number 1800 209 1415
FAQ
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