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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

New India Zero Depreciation Add-on

New India Bike Insurance

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  • Only Indian General Insurance Company operating in 28 countries
  • Claim settlement ratio 93.96% as on FY 18
  • 24*7 Customer assistance
  • More than 588 branches nationwide

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 Assurance Zero Depreciation Cover

  • 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.



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%

New India Assurance Zero Depreciation Cover Conditions

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.

New India Bike Insurance User Reviews

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What users are saying
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  • Automated chat-box solution

    I am delighted to found the computerised chatbox facility at the InsuranceDekho portal to answer several queri...

    Read More
    D
    By Deepanshu Mehta
    On: September 23, 2020
  • User friendly

    Good user-friendly by all means. Good response time while payment and stepwise proceedings also. Got the idea ...

    Read More
    V
    By VIPIN S NAIR
    On: September 22, 2020
  • Hassle-free settlement of clai...

    I easily got every of my bike insurance claims settled with New India bike insurance that I made against the d...

    Read More
    T
    By Tanvi Mahajan
    On: September 17, 2020
  • Great customer executives

    Your customer executive gave me all the information I wanted. Great team you have I must say. It was a great e...

    Read More
    S
    By SHAMMI KAPOOR
    On: September 17, 2020
  • Easy to compare and choose pla...

    At InsuranceDekho platform, I was offered with a lot of bike insurance policy quotes to compare and choose a p...

    Read More
    H
    By Harsh Singhal
    On: September 16, 2020
  • Easy to compare and choose

    With the help of InsuranceDekho portal, I could easily compare various plan quotes and choose the best-suited ...

    Read More
    J
    By Jai Prakhar Mehra
    On: September 15, 2020
  • Great customer care support

    The customer support team of New India is active and excellent in providing insurance related services. With t...

    Read More
    B
    By Bhawna Mandal
    On: September 14, 2020
  • Very useful insurance website

    The InsuranceDekho website is user-friendly and informative. It gave me complete help by providing the fresh c...

    Read More
    R
    By Raghav Sharma
    On: September 10, 2020
  • Instant issue of policy

    At InsuranceDekho platform, I got the documents of the bike insurance policy of New India insurance just a few...

    Read More
    G
    By Gautam Singhal
    On: September 9, 2020
  • Quick issuance of policy

    I made a visit to the InsuranceDekho platform to purchase a standalone bike insurance policy for my Yamaha FZ ...

    Read More
    A
    By Aniket Jaiswal
    On: September 8, 2020
  • Automated chat-box solution

    I am delighted to found the computerised chatbox facility at the InsuranceDekho portal to answer several queri...

    Read More
    D
    By Deepanshu Mehta
    On: September 23, 2020
  • User friendly

    Good user-friendly by all means. Good response time while payment and stepwise proceedings also. Got the idea ...

    Read More
    V
    By VIPIN S NAIR
    On: September 22, 2020
  • Hassle-free settlement of clai...

    I easily got every of my bike insurance claims settled with New India bike insurance that I made against the d...

    Read More
    T
    By Tanvi Mahajan
    On: September 17, 2020
  • Great customer executives

    Your customer executive gave me all the information I wanted. Great team you have I must say. It was a great e...

    Read More
    S
    By SHAMMI KAPOOR
    On: September 17, 2020
  • Easy to compare and choose pla...

    At InsuranceDekho platform, I was offered with a lot of bike insurance policy quotes to compare and choose a p...

    Read More
    H
    By Harsh Singhal
    On: September 16, 2020
  • Easy to compare and choose

    With the help of InsuranceDekho portal, I could easily compare various plan quotes and choose the best-suited ...

    Read More
    J
    By Jai Prakhar Mehra
    On: September 15, 2020
  • Great customer care support

    The customer support team of New India is active and excellent in providing insurance related services. With t...

    Read More
    B
    By Bhawna Mandal
    On: September 14, 2020
  • Very useful insurance website

    The InsuranceDekho website is user-friendly and informative. It gave me complete help by providing the fresh c...

    Read More
    R
    By Raghav Sharma
    On: September 10, 2020
  • Instant issue of policy

    At InsuranceDekho platform, I got the documents of the bike insurance policy of New India insurance just a few...

    Read More
    G
    By Gautam Singhal
    On: September 9, 2020
  • Quick issuance of policy

    I made a visit to the InsuranceDekho platform to purchase a standalone bike insurance policy for my Yamaha FZ ...

    Read More
    A
    By Aniket Jaiswal
    On: September 8, 2020

8 New India Cashless Garages in India

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

Why Choose Bike Insurance from InsuranceDekho?

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New India 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.