Bharti Axa Zero Depreciation Add-on

Bharti AXA Car Insurance

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Bharti Axa Zero Depreciation Add-On

Depreciation is the decrease in the value of a commodity due to wear and tear over time. The value of your car also decreases with time due to depreciation. At the time of settlement of a car insurance claim, the cost of depreciation of the car is borne by the policyholder and not by the insurance company. However, you can do away with the liability of bearing the cost of your car’s depreciation by purchasing a zero depreciation cover. It can be added to the Bharti AXA comprehensive car insurance by paying an extra premium.

By opting for the Bharti AXA zero depreciation cover you can protect yourself from paying the cost of depreciation applicable on all parts of your vehicle.

Benefits of Bharti AXA Zero Depreciation Add-on

  • Higher Claim Amounts: Standard comprehensive car insurance takes depreciation into account while settling the claim. Adding zero depreciation cover to regular insurance policy helps you claim amount without getting the cost of depreciation deducted from it. Thus, you can get higher claim amounts with Bharti AXA zero depreciation cover.
  • Extensive Coverage: The Bharti AXA zero depreciation cover extends the coverage of your insurance policy by taking into account the liability of applicable depreciation on your car and its parts.

Depreciation Rate Applicable on Car Without Zero Depreciation Cover

Age of Car

Rate of Depreciation

Under 6 months Nil
6 months to 1 year 5%
1-2 years 10%
2-3 years 15%
3-4 years 25%
4-5 years 35%
5-10 years 40%
Above 10 years 50%

Depreciation Rate Applicable on Different Parts of Car Without Zero Depreciation Cover

Part of Car

Depreciation Rate

Paint work /Rubber/nylon/ plastic parts, tires and tubes, batteries and airbags parts 50%
Fibre glass parts 30%
Glass parts Nil

Conditions of Bharti AXA Zero Depreciation Add-on Cover

  • This cover is available for cars that are up to 5 years of age.
  • Policyholders can file a maximum of two claims during the tenure of the policy.
  • The premium of the policy is evaluated based on the age and model of the car as well as the geographical location from which the policy is being registered.

Bharti AXA Car Insurance User Reviews

128 reviews Write a Review
  • Affordable policy

    I bought a Bharti AXA car insurance policy for my Mahindra XUV300 car from InsuranceDekho. It is an affordable policy. InsuranceDekho is a reliable in...

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    Dhairya Malhotra
    On: July 9, 2020 | Views
  • Affordable policy

    Bharti AXA car insurance policy is an affordable one. I bought it from InsuranceDekho for a Honda City car. Also, the policy has all the coverage feat...

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    Gunjan Grover
    On: July 8, 2020 | Views
  • Many benefits under my policy

    I was looking for an insurance policy for my Mahindra Scorpio car and the team at InsuranceDekho suggested Bharti AXA’s policy as per my requirements....

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    Veerain kumar
    On: July 8, 2020 | Views
  • Many benefits under my policy

    Bharti AXA car insurance policy is the best policy that I could have purchased for my Skoda Rapid car. I really liked the policy benefits and the supp...

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    Divyanka Gogoi
    On: July 6, 2020 | Views
  • Quick claim settlement

    My Bharti AXA car insurance policy offered me many benefits, one of which is a quick claim settlement process. I made a claim at the time of the accid...

    Read More
    Atharv Gandhar
    On: July 2, 2020 | Views

476 Bharti Axa Cashless Garages in India

Bharti AXA Zero Depreciation Cover FAQs

  • I have a 7-year-old car insured with a comprehensive policy, can I opt for a zero depreciation cover at the time of renewal?

    Unfortunately, you cannot avail the zero depreciation cover if your car is older than 5 years as Bharti AXA offers this add-on cover for cars up to 5 years of age.

  • Can I avail a zero depreciation add-on cover in between the tenure period of my policy?

    No, Bharti AXA Zero Depreciation Add-on cover can be availed only at the time of purchase of the insurance policy or at the time of renewal.

  • What are the items not covered under the zero depreciation add on?

    Items like bi-fuel kit, engine, consumables and uninformed modified accessories are not covered under zero depreciation add-on. The benefits of zero depreciation are not applicable in case of Constructive Total Loss, Total Loss and theft.

  • How much do I need to pay in order to avail Zero Depreciation?

    In order to purchase a Bharti AXA Zero Depreciation cover, you will need to pay an extra premium along with the standard comprehensive car insurance policy premium. The premium of this add-on cover is evaluated on the basis of factors such as car’s age, variant and model, IDV etc. You can call on the toll-free number 1800-103-2292 or visit the official Bharti AXA website for further details.

Bharti AXA Car Insurance Contact Details

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