Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
  • CASHLESS GARAGES 2,327
  • CLAIMS SETTLED 98%
  • COMPREHENSIVE CLAIMS UNLIMITED
Key Features:
  • Spot Claim Upto Rs 20,000
  • 6-Month Repair Warranty
  • Easy Video Claims
  • Zero Paper Claims

Calculate Your Car Insurance Premium Online

Select your car 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 insurance claim in the previous year?

Kotak Zero Depreciation Add-on

Like every other asset, your car loses its value with an increase in its age owing to general wear and tear. This devaluation is called depreciation. It does not only reduces the market value of your vehicle but also affects your claim amount. This is because your insurer factors in the depreciation cost of the parts replaced at the time of repair of the vehicle. However, you can do away with this liability of depreciation cost by purchasing a zero depreciation add-on cover from Kotak General Insurance.

Benefits of Kotak Zero Depreciation Add-on

Here are some benefits of buying a zero depreciation car insurance add-on cover:

  • Higher Claim Amount: By exempting you from bearing the liability of depreciation cost, the zero depreciation add-on cover offered by Kotak enables you to receive higher claim amounts. By opting for the zero depreciation cover, a policyholder shifts the depreciation liability from himself to the insurer.
  • Rubber Cover: Unlike most insurance companies, Kotak General Insurance’s zero depreciation cover includes the rubber parts of your car in addition to other car parts at 100%. This means that the tyres and tubes are also covered under the zero depreciation add-on cover along with parts made up of fibreglass, glass, metal, plastic, etc. However, batteries are covered only to the extent of 50%.

Depreciation Rate Applicable on Car With And Without Zero Depreciation Add-on

Age of Car

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Parts of Car

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation With Zero Depreciation

Paint Work/Rubber/Nylon/Plastic Parts, Tires and Tubes, Batteries and Airbags Parts

50%

0%

Fiberglass Parts

30%

0%

Glass Parts

Nil

0%

What Is Included Under a Kotak Car Insurance Policy with Zero Depreciation Cover?

Here are different aspects that will be covered under the zero depreciation cover:

  • Coverage for depreciable parts like nylon, rubber, fibreglass and plastic parts of the car.
  • In some situations, the zero depreciation also compensate damages to battery and tyres.
  • Repair or replacement cost born by the policyholder during the claim settlement is covered.

What Is Not Included Under a Kotak Car Insurance Policy with Zero Depreciation Cover?

Here are a few things that won’t be covered under the zero depreciation cover:

  • No coverage for total damage or loss sustained by the insured car.
  • No coverage for damages to the insured car due to mechanical fault or failure.
  • Damage or loss of uninsured items like gas kits, tires or bi-fuel kits is not covered.
  • Routine ageing or wear and tear of the car is not covered under a zero depreciation cover.

Factors Affecting Kotak Zero Depreciation Cover

Below are some factors which affects the zero depreciation add-on cover:

  • Modified cars are also not eligible for this add-on cover.
  • It is not available for cars whose parts are not available in the market.
  • The zero depreciation add-on cover of Kotak General is only available for cars up to 3 years of age.

Must Read Articles before buying Kotak Car Insurance

Kotak Car Insurance User Reviews

Write your review
What users are saying
  • All
  • Zero Depreciation
  • Most Helpful
  • Comprehensive
  • Third Party
  • Own Damage
  • Renewal
  • Cashless Garages
  • Price
  • Premium
  • Policy Download
  • Customer Care
  • Claim
  • Add On
  • Protecting Your Car's Worth

    Zero-dep insurance is all about protecting your car's worth. InsuranceDekho’s Kotak Car Insurance Policy ens...

    V
    By Vedashi Bidani
    On: November 24, 2023
  • No Worries, No Surprises

    The beauty of having own damage coverage with the Kotak Car Insurance Policy is that there are no worries an...

    S
    By Sanjiv Kapila
    On: November 22, 2023
  • Seamless Policy Extension

    I extended my Kotak Car Insurance Policy through InsuranceDekho, and the process was seamless. The coverage ...

    A
    By Anshu Nayyar
    On: November 15, 2023
  • Invest in Hassle-Free Renewals...

    I consider my choice to invest in the renewal of the Kotak Car Insurance Policy through InsuranceDekho as an...

    M
    By Mamta Rajender
    On: October 30, 2023
  • Tailored to My Needs

    InsuranceDekho's premium calculator doesn't offer a one-size-fits-all solution. It tailors premiums to match...

    S
    By Saisha Manchanda
    On: October 17, 2023
  • Prompt Claim Settlement under ...

    InsuranceDekho ensures prompt claim settlement for third-party coverage for the Kotak Car Insurance Policy, ...

    G
    By Gunjan Reddy
    On: October 11, 2023
  • Own Damage Protection for My C...

    InsuranceDekho's own damage coverage with the Kotak Car Insurance Policy provides comprehensive protection f...

    K
    By Krishna Kumari
    On: September 29, 2023
  • Essential Coverage for Respons...

    InsuranceDekho's third-party coverage which is an added benefit of the Kotak Car Insurance Policy is essenti...

    J
    By Jai Bhatia
    On: September 20, 2023
  • All-In-One Protection with Com...

    With InsuranceDekho's comprehensive policy, I get all-in-one protection under the Kotak Car Insurance Policy...

    By Sandeep Singh
    On: September 14, 2023
  • Time-Saving Convenience

    Renewing my Kotak Car Insurance Policy for my Ford car through InsuranceDekho is a time-saving convenience. ...

    J
    By Jyotsna Rana
    On: September 12, 2023

209 Kotak Cashless Garages in India

Insurance Products by Kotak General Insurance

Kotak Zero Depreciation Cover FAQs

  • I have an imported Lamborghini. Can I avail the Zero Depreciation add-on cover?

    No. Imported cars and all such vehicles whose parts are not available in the Indian market are ineligible for the Kotak General zero depreciation insurance cover.

  • I have opted for the zero depreciation cover. Will I have to pay anything now during the claim settlement?

    The zero depreciation add-on cover only spares you from paying the depreciation cost of the replaced parts. However, the liability of compulsory deductible and voluntary deductible (if opted for) rests with the policyholder.

  • What is the premium for the zero depreciation add-on cover?

    The premium of the zero depreciation add-on cover depends on the Insured Declared Value (IDV) of your vehicle. It is directly proportional to the IDV, which means higher the IDV, higher the zero depreciation premium and vice versa.

  • How can I add the Zero Depreciation add-on cover to my car insurance policy?

    You can include the Zero Depreciation cover to your plan by visiting the website of Kotak car insurance or by contacting them at toll-free number 1800-266-4545.

  • Should I renew the zero depreciation cover while renewing my Kotak car insurance plan?

    Yes, you will have to renew your zero depreciation cover every time you renew your Kotak comprehensive car insurance policy provided it fulfils the conditions of Zero Depreciation cover at the time of renewal.

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

Kotak Car Insurance Contact Details

For any assistance or query, call us on:

Car Insurance News

Calculate your Car IDV

Cashless Garages in Popular Cities

CityNo of Garages
Bangalore87
Hyderabad46
Chennai46
Ghaziabad38
Ahmedabad2
Kolkata1
View All
#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.