Iffco Tokio Zero Depreciation Add-on

IFFCO Tokio Car Insurance

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IFFCO Tokio Zero Depreciation Cover

Your car is an asset and like all the other assets it also loses value (depreciates) over time due to continuous wear and tear. Depreciation not only decreases your car’s value, but also slices an equal sum from your insurance claim amount. IFFCO Tokio understands this and thus offers a Zero Depreciation add-on cover with the purchase of a standard comprehensive car insurance policy.

The zero depreciation add-on cover protects the policyholder from the liability of bearing the depreciation at the time of claim settlement. This increases the claim amount disbursed to the policyholder. The add-on is available for cars up to 10 years of age and proves to be an extremely cost-effective add-on in the long run.

Zero Depreciation add-on cover entitles you to get full claims without factoring in depreciation on your car and its parts. It actually shifts the burden of depreciation from the policyholder to the insurer. Let us read the benefits of Zero Depreciation car insurance policy.

Benefits of Zero Depreciation Add-on Cover

Zero depreciation add-on cover offers the following cost-effective benefits that directly affect the claim amount:

Higher Claim Amount - As clear by the definition itself, the zero depreciation add-on cover entitles you to receive the claim amount without any subtraction on account of depreciation of your car of its parts. Under the zero depreciation add-on, the cost of depreciation is borne by the insurer.

Eligible for Cars Up To 10 Years of Age - The Depreciation Waiver add-on offered by IFFCO Tokio can be availed for cars up to 10 years of age. Hence, even older cars (not older than 10 years), which have high depreciation, can be covered with this add-on.

Unlimited Claims - Unlike other insurers, IFFCO Tokio allows unlimited claims under zero depreciation cover.

Depreciation Rate Applicable on Car Without Zero Depreciation Add-on

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

Car Part

Depreciation Rate

Rubber / nylon / plastic parts, tires and tubes, batteries, paint work and airbags


Parts made of fiber glass


Parts made of glass


IFFCO Tokio Car Insurance User Reviews

158 reviews Write a Review
  • Easy to choose policy

    It is really easy to find the most suitable quotes at InsuranceDekho and shortlist the most suitable one from them. I bought an Iffco Tokio car insura...

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    Divyansh Aggarwal
    On: July 10, 2020 | Views
  • Good policy

    I recently purchased IFFCO Tokio car insurance policy for my Honda Jazz car from InsuranceDekho. The customer care executives gave me explained benefi...

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    Vansh Mehndiratta
    On: July 9, 2020 | Views
  • Easy to buy car insurance at InsuranceDekho

    I recently purchased IFFCO Tokio car insurance policy from InsuranceDekho for my Ford Figo car. It just took me a few minutes to follow the easy step...

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    Rekha Mittal
    On: July 3, 2020 | Views
  • Easy documentation

    InsuranceDekho offers good customer support service. The team helped me buy IFFCO Tokio policy for my Maruti Suzuki Alto car and provided me the docum...

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    Raghav Bansal
    On: July 2, 2020 | Views
  • InsuranceDekho helped me in claim settlement process

    I recently made a claim under my IFFCO Tokio car insurance policy which I purchased for my Volkswagen Polo car. I would like to thank the team at Insu...

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    Ayush Pahwa
    On: June 26, 2020 | Views

540 Iffco Tokio Cashless Garages in India

IFFCO Tokio Zero Depreciation Cover FAQs

  • My car is 7 years old. Am I eligible for Zero Depreciation cover of IFFCO Tokio?

    Yes, your car is eligible for zero depreciation add-on cover. IFFCO Tokio offers its zero depreciation cover for all cars not older than 10 years.

  • Do I need to renew the zero depreciation cover separately?

    Zero depreciation add-on cover requires payment of an additional premium along with the standard premium. However, the payment is not made separately. The total premium amount for the auto insurance policy includes all the costs.

  • How much do I need to pay during the claim settlement if I have zero dep add-on cover?

    By opting for the zero depreciation add-on, you just need to pay your part of liabilities excluding the applicable depreciation. The liability for the depreciation amount is borne by the insurer.

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