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or
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Royal Sundaram Zero Depreciation Add-on

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  • Pioneer of bancassurance in India
  • 94.96% Claim Settlement Ratio as per the FY 2018
  • 24*7 Emergency Assistance
  • Coverage of up to 15 lakhs in accidental cases
  • More than 3300 network garages

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Royal Sundaram Zero Depreciation Cover

Over time bikes suffer a loss in their value like any other asset. This loss in value is known as depreciation. The insurance providers take this loss into account and deduct the depreciation charge from the claim amount at the time of claim settlement. By default, a standard comprehensive plan or Standalone own-damage plan fails to provide coverage for the depreciation charge but a Zero Depreciation cover helps get rid of this deduction.

The Royal Sundaram Zero Depreciation add-on cover allows the policyholders to get rid of the depreciation charge. Moreover, it bears the expense of repairing and replacing depreciated bike parts. Thus, the policyholders get the chance of availing the entire claim amount without spending losing any amount as depreciation charge.

Benefits of Royal Sundaram Zero Depreciation Add-On Cover

  • Higher claim: The insurer does not charge any amount from the claim amount for depreciation with the Zero Depreciation added to the comprehensive policy. Thus, it allows the policyholders to claim the entire amount at the time of claim settlement.
  • Helps in saving money: As the replacement of depreciated bike parts is covered under the zero depreciation insurance plan, it helps policyholders to save the money which they could have spent on replacement of bike parts.

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 Royal Sundaram Zero Depreciation Cover

The Royal Sundaram Zero Depreciation cover is highly beneficial; however, policyholders must keep the following conditions in mind:

  • Normal wear and tear is excluded from this cover
  • This add-on is not applicable in case of complete loss or damage
  • Bikes with the maximum age of 2 years can avail the Zero Depreciation Cover
  • Policyholders can claim the Zero Depreciation only twice during the entire tenure.

Must Read Articles before buying Royal Sundaram Bike Insurance

Royal Sundaram Bike Insurance User Reviews

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  • Exceptional Service & Team Sup...

    I recently purchased Royal Sundaram Bike Insurance and I received exceptional customer support from the Insura...

    V
    By Vaishnavi bajaj
    On: March 5, 2024
  • Transparent Claim Settlement

    The transparency in InsuranceDekho's claim settlement is commendable. I always knew what was happening with ...

    A
    By Ankit Lokhande
    On: November 24, 2023
  • Customizable Comprehensive Cov...

    InsuranceDekho's comprehensive coverage that comes with the Royal Sundaram Bike Insurance Policy is highly c...

    S
    By Shivam Bhardwaj
    On: September 27, 2023
  • Prompt Customer Support

    I had a few questions about the terms of my third-party car insurance for my BMW bike, and I reached out to ...

    A
    By Amit Khurana
    On: September 25, 2023
  • User-Friendly Cashless Garage ...

    Happy to have secured my Jawa bike under the Royal Sundaram Bike Insurance Policy. InsuranceDekho's online t...

    P
    By Pratuskh Thankur
    On: September 21, 2023
  • Transparent Terms and Conditio...

    I appreciate the transparency of InsuranceDekho's own damage policy terms and conditions for the Royal Sunda...

    G
    By Gurpreet Sandhu
    On: September 14, 2023
  • Prompt Renewal Support

    Whenever I have questions about the renewal of my Royal Sundaram Bike Insurance Policy, InsuranceDekho's sup...

    By Balbir Singh
    On: September 12, 2023
  • Excellent Coverage

    With InsuranceDekho's comprehensive coverage, I get excellent protection for both own damage and third-party...

    K
    By Kunal Kumar
    On: September 8, 2023
  • Expertise and Professionalism

    The mechanics at InsuranceDekho's Cashless Garages demonstrate exceptional expertise and professionalism. Th...

    V
    By Vasydev Kukreja
    On: September 4, 2023
  • Reliable Partner for Car Prote...

    InsuranceDekho has proven to be a reliable partner in protecting my Aprilia bike. Their own damage insurance...

    M
    By Manish Kadakia
    On: August 28, 2023

Royal Sundaram Zero-Depreciation Add-on Cover FAQs

Does Zero Depreciation provide cover for any damage outside the geographical zone?

Zero Depreciation cover will provide coverage only in the geographical area and not for any incident occurred outside the area. The Royal Sundaram comprehensive bike insurance policy with or without the Zero Depreciation add-on has a pre-decided geographical limitation for each policyholder.

Do I have to renew the Zero Depreciation cover each time I renew my policy?

Yes, you will have to renew the Zero Depreciation cover each time you renew your comprehensive policy. However, you can pay the complete premium of your policy along with the Zero Depreciation at the time of purchase. It will free you from the hassle of renewal.

Who should opt for the Zero Depreciation Cover?

Any bike owner should opt for the Zero Depreciation add-on to avoid the depreciation charge and the expense of repairing or replacing bike parts. However, it is best suited for luxury bike owners and new drivers.

How can I add the Zero Depreciation cover to my policy?

You can add the Zero Depreciation cover to your policy in the following ways

  • Visit their official website
  • Dial their toll-free number 1860 425 0000
  • Visit the nearest branch

You can add this cover to your comprehensive bike insurance policy at the time of purchase, renewal or in the middle of the tenure.

Does the Zero Depreciation cover provide for plastic parts of bikes?

Yes, the Zero Depreciation provides coverage for the plastic parts of the insured bike. The rate of depreciation for plastic parts without the Zero Depreciation charge is 50%. But with the Zero Depreciation cover, the charges become nil.

Why to buy from InsuranceDekho?

  • Instant policy# within 5 mins
  • More than 50 lakhs happy customers
  • Claim Support available all 7 days of the week

Royal Sundaram Bike Insurance Contact Details

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Royal Sundaram Bike insurance starting from ₹ 714/year*
or
Royal Sundaram Bike insurance starting from ₹ 714/year*
or
#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.