Shriram Zero Depreciation Add-on

Shriram Bike Insurance

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Shriram Zero Depreciation Cover

The depreciation charges for the reduction in the value of bike with time is deducted from the claim amount. To avoid this deduction, the policyholders can opt for Zero Depreciation add-on cover along with a standalone own damage or a comprehensive policy. Shriram Zero Depreciation cover ensures that depreciation charges are not deducted from the claim amount at the time of claim settlement.

Shriram Zero Depreciation add-on enables the policyholders to receive maximum claim amount. Availing this cover, with a slight increase in premium, assures free of cost repair and replacement of the depreciable part of the insured’s bike.

Benefits of Shriram Zero Depreciation Cover

  • Higher claim: By opting for Zero Depreciation cover, the policyholders can enjoy maximum claim. As no depreciation charge gets deducted with the Zero Depreciation cover, the policyholders can claim the maximum assured sum from the insurance company.
  • Helps in saving money: The Shriram Zero Depreciation add-on cover bears the expense of repairing and replacing of the depreciable parts of the insured’s bike. Thus, the policyholders can save money which is to be spent on repairing and replacing the depreciable 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



Shriram Zero Depreciation Cover Conditions

Policyholders enjoy multiple benefits with the Shriram Zero Depreciation cover; however, the following conditions should be kept in mind.

  • It is available for bikes with a maximum age of 2 years.
  • Policyholders can make only two claims in the entire policy tenure.
  • Repair and replacement due to common wear and tear do not get covered.
  • Cases of complete damage, mechanical and electrical breakdown are exclusions.

Shriram Bike Insurance User Reviews

86 reviews Write a Review
  • Processes without any paperwork

    The paperless benefit of InsuranceDekho makes its processes easier and quicker. I bought a Shriram bike insurance policy from the insurance portal for...

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    Keshav Mathur
    On: July 10, 2020 | Views
  • Great online support

    I have a policy of Shriram insurance that I bought through InsuranceDekho portal. Its support team is awesome and its executives answer all my insuran...

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    Rishi Nigam
    On: July 9, 2020 | Views
  • Quick settlement of claims

    I experienced the fastest settlement of my claim with Shriram insurance plan after I met with an accident with my Honda Activa 5G Scooty. The Insuranc...

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    Kavita Singh
    On: July 3, 2020 | Views
  • Top-notch insurance services

    The InsuraceDekho provided me with the best insurance services like policy purchase, claim assistance, policy renewal, etc. I bought a Shriram insuran...

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    Bijendra Singh
    On: June 26, 2020 | Views
  • Prompt policy issuance

    The InsuranceDekho team advised me to buy Shriram Insurance to insure my Bajaj Avenger Street 220 bike in just 5 minutes. I am very happy and overwhel...

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    Raj Jain
    On: June 25, 2020 | Views

Shriram Zero-Depreciation Add-on Cover FAQs

  • Who should opt for the Zero Depreciation cover?

    It is always advisable to opt for Zero Depreciation cover to receive the maximum claim amount. However, it is best suited for the following.

    • New bike owners
    • Inexperienced bike drivers
    • Luxury bike owners
    • Owners living in the accident-prone zones.
  • Does the Zero Depreciation cover provide coverage for plastic parts of bikes?

    Yes, the Zero Depreciation add-on provides coverage for the plastic parts of the insured’s bike. The rate of depreciation for plastic parts without the Zero Depreciation charge is 50%, but in presence of the Zero Depreciation cover, the depreciation charge is not taken into account.

  • 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 insurance company to check the condition of the insured’s bike before including this add-on to the policy.

  • Do I need to renew the Zero Depreciation cover every time I renew my Shriram comprehensive bike insurance policy?

    Yes, you need to renew the Zero Depreciation cover every time you renew your Shriram comprehensive bike insurance policy provided it satisfies the conditions of Zero Depreciation cover at the time of renewal.

  • I don’t own a luxury bike, do I still need to add the Zero Depreciation cover to my policy?

    You can add the Zero Depreciation cover to your policy even if you don’t own a luxury car for the maximum protection. It will help you to get the depreciable parts of your bike repaired or replaced without costing you any money.

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