Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Car insurance starting from Rs. 2072/year*
  • Save upto 75%*
    Lowest Car Premiums
  • 11.5 Lakh+
    Happy Customers
  • Claim Support
    7 days a week

*TP price for less than 1000cc four wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

Cholamandalam Zero Depreciation Add-on

96 reviews Rate This
    Network Garages7,100+
    Emergency Assistance24x7 Available
    Claim Settlement Ratio85.89% in FY20
    AccreditationISO Certification
    Customer Base89 Lakh+
    Presence135+ Branches

    Cholamandalam Zero Depreciation Add-on

    Every commodity loses value over its age and so does your car. The continuous devaluation of a commodity is known as depreciation. Apart from reducing your car’s market value, depreciation also results in a reduction in the insurance claim amount of your car. This is because at the time of a claim, the insurer factors the depreciation cost in the claim amount.

    Thus, even if your car is only 3-4 years old, your car will be valued at a price 25% less than the invoice price due to depreciation and you will receive a relatively lower claim amount. However, you can do away with the burden of bearing depreciation cost by purchasing the Cholamandalam Zero Depreciation add-on.

    The zero depreciation add-on cover can only be availed with a comprehensive car insurance plan.

    Cholamandalam Zero Depreciation Add-on Benefits

    Higher Claim Amount: The zero depreciation add-on cover exempts the policyholder from bearing the cost of depreciation. It makes the insurer liable to pay for the applicable depreciation. Thus, the policyholder is able to get a higher claim amount.

    Multiple Claims Even For Aged Vehicles: The policyholder can file 2 claims during the tenure of a policy. Also, the cover is available for cars up to 5 years of age. Both these things mean that all new car owners can make a total of 10 claims in a span of 5 years, if opted for 1-year tenure policy.

    ​Depreciation Rate Applicable on Car Without Zero Depreciation Cover

    Age of Car

    Rate of Depreciation

    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


    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


    Fibre glass parts


    Glass parts


    Conditions for Zero Depreciation Add-on Cover

    • A maximum of two claims are permissible during the policy period for vehicles aged not more than 5 years.
    • The company will bear a maximum liability of Rs 20,000 per part to be replaced for vehicles with age not more than 5 years.

    Calculate Your Car Insurance

    Select your car's brand
    • Maruti
    • Hyundai
    • Honda
    • Toyota
    • Mahindra
    Which city is your car registered in?
    • Ahmedabad
    • Bangalore
    • Chandigarh
    • Chennai
    • Gurgaon
    When did you buy your car?
    Have you made a claim in the previous year?

    Must Read Articles before buying Cholamandalam Car Insurance

    Cholamandalam User Reviews

    Write your review
    What users are saying
    • All
    • Most Helpful
    • Compare
    • Price
    • Cashless Garages
    • Comprehensive
    • Claim
    • Renew
    • Premium
    • Add On
    • Excellent service

      Very good service, strongly recommended. They've called and provide a good service,.................. ..........

      Tata Tigor 2017-2020 Chennai
      By Karthick Velchami
      On: August 22, 2022
    • fast and perfect

      everything was quick best quotes got zero dep option with ease and much better then policy bazar varierty of...

      Mahindra E Verito New Delhi
      On: June 22, 2022
    • Faster and easier process

      Easier and the best site for insurance renewal Thank You for helping out in making my insurance renewal proc...

      Maruti Dzire Periyakulam
      On: April 2, 2022
    • Thrid Party Car Insurance

      Hassle free and all details were easily captured. Easy to make payment and download the policy details. No nee...

      Tata Nexon 2017-2020 barrackpore
      On: January 1, 2022
    • Paperless process

      Buying Cholamandalam car insurance policy from InsuranceDekho was a very easy and paperless process. I liked t...

      Read More
      By Jeevan Chand
      On: July 10, 2020
    • Several modes of payment

      The payment process at InsuranceDekho is transparent and secured. I bought a Cholamandalam car insurance polic...

      Read More
      By Arush Nagpal
      On: July 9, 2020
    • Helpful team at InsuranceDekho

      I talked to the customer care executives at InsuranceDekho when I was looking for a car insurance policy for m...

      Read More
      By Rahul Girdhar
      On: July 3, 2020
    • Really helpful team at Insuran...

      InsuranceDekho has a really helpful team that helped me buy Chola MS car insurance policy for my Tata Harrier ...

      Read More
      By Anchal Kataria
      On: July 2, 2020
    • Easy to buy car insurance onli...

      I purchased a Cholamandalam car insurance policy for my Maruti Suzuki Dzire at InsuranceDekho in simple steps ...

      Read More
      By Gunjan Rao
      On: June 26, 2020
    • Awesome services

      InsuranceDekho offers great insurance plans for cars. I chose a Cholamandalam car insurance plan for a Ford Fi...

      Read More
      By Dev Gupta
      On: June 25, 2020

    Cholamandalam Zero Depreciation Cover FAQs

    • How much the Cholamandalam zero depreciation add-on costs?

      The cost of zero depreciation add-on cover depends on the sum insured and the age of the car. Also, irrespective of the cost, the company is liable to pay only a maximum of Rs 20,000 per part for cars not older than 5 years.
    • Is the zero depreciation add-on cover applicable in case of total loss/theft of the insured vehicle?

      No, the zero depreciation add-on cover is not applicable in case of total loss/theft of the insured vehicle. You must have the Invoice Cover add-on to get full showroom price of the vehicle in case of total loss or theft.
    • Are engine parts covered the zero depreciation add-on?

      No, the zero depreciation add-on cover does not offer protection for engine damage. To safeguard your car’s engine against losses/damages, you need to opt for the Engine Cover add-on.
    must dotmust graphics

    Why to buy from InsuranceDekho?

    • Instant policy # within 5 mins
    • More than 45 Lac happy customers
    • Claim Support available all 7 days of the week

    Contact Details

    Car Insurance News

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