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Shriram Zero Depreciation Add-on

205 reviews Rate This
    Network Garages2,000+
    Claim Settlement Ratio77.26% in FY20
    Emergency AssistanceAvailable 24/7
    Policies Issued17 lakh+ in FY20
    Third Party CoverAvailable
    Presence209+ locations

    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.

    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



    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



    Factors Affecting Shriram Zero Depreciation Cover

    Here are the factors which affect Shriram Zero Depreciation Cover and the add-on can be availed only by abiding the below mentioned conditions:

    • It can be availed by bikes with a maximum age of 5 years.
    • You can claim this cover only twice in the entire policy period.
    • The repair and replacement due to common wear and tear are exclusions under this cover.
    • No coverage is provided in cases of a total loss, mechanical and electrical breakdown of the bike.

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    Must Read Articles before buying Shriram Bike Insurance

    Shriram Bike Insurance User Reviews

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    • Straightforward issuance of pl...

      Issuance of the Shriram bike insurance policy for my Okinawa Lite on InsuranceDekho website was very straightf...

      Read More
      By Varun Gandhi
      On: October 21, 2021
    • Smooth functioning of payment ...

      Doing payment for Shriram comprehensive bike insurance plan in order to protect my KTM 125 Duke was quite a sm...

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      By Reshika Subramaniam
      On: October 19, 2021
    • Simplified claim process

      I had requested a claim under my Shriram comprehensive bike insurance plan issued for my TVS Victor. I followe...

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      By Manisha Grewal
      On: October 14, 2021
    • Smooth payment gateway

      At the InsuranceDekho website, the payment gateway is completely encrypted and functions smoothly. The premium...

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      By Supriya Rana
      On: October 12, 2021
    • Details on NCB budget

      No claim has been raised by me this year under my Shriram bike insurance plan issued for Kawasaki ER 6n. I cam...

      Read More
      By Akhilesh Kumar
      On: October 7, 2021
    • Authentic plan overviews

      Trustworthiness of an insurance company is reflected through plan overviews. Information regarding network hos...

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      By Madhurima Singh
      On: October 5, 2021
    • Innovative premium calculator

      With the help of the premium calculator available on InsuranceDekho which is absolutely free of cost, I calcul...

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      By Niharika Gupta
      On: September 30, 2021
    • Several types of plans

      I had found several good options on the InsuranceDekho website at the time of looking for a suitable bike insu...

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      By Kavish Aggarwal
      On: September 28, 2021
    • Got right policy coverage

      I had found the right plan coverage for my Crayon Envy bike while issuing a Shriram bike insurance plan from t...

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      By Ashima Dhar
      On: September 24, 2021
    • Quick response

      I got stuck when making a premium payment for my Shriram bike insurance plan on InsuranceDekho website. I got ...

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      By Mukul Anand
      On: September 22, 2021

    Insurance Products by Shriram General Insurance

    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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    #Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.