Kotak Zero Depreciation Add-on


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Kotak Zero Depreciation Add-on

Like every other asset, you 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 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

Higher Claim Amount: By exempting your 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 of the 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 fibre glass, glass, metal, plastic, etc. However, batteries are covered only to the extent of 50%.

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 of Zero Depreciation Add-on Cover

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

Kotak User Reviews

146 reviews Write a Review
  • Excellent services

    I bought the Kotak General car insurance policy online at Insurancedekho last week. They offered me excellent services and I'm happy to have contacted...

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    Jaspreet Singh
    On: August 6, 2020 | Views
  • Incredible customer support

    The team at InsuranceDekho helped me not only to decide which car insurance policy to buy, but also to understand the process to buy. It was very easy...

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    Prince Vedi
    On: August 5, 2020 | Views
  • Got an idea of premium before buying policy

    I landed on the InsuranceDekho’s website to purchase a Kotak car insurance policy for my Chevrolet Beat car. I was able to know the estimate of the pr...

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    BalKrishan Sethi
    On: August 4, 2020 | Views
  • Will renew the policy again from them

    I bought a Kotak General car insurance policy at InsuranceDekho from my Hyundai Creta car and am satisfied with the policy coverage. Therefore I am th...

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    Tanishka Malhotra
    On: July 30, 2020 | Views
  • Strong network of garages

    I am covered under Kotak General’s car insurance policy and recently made a claim when I met with an accident with my Maruti Suzuki Baleno car. I avai...

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    Himanshu Arora
    On: July 29, 2020 | Views
  • Easy claim settlement process

    I really liked the benefits offered to me under my Kotak General car insurance policy that I bought for my Maruti Suzuki Baleno car. I recently made a...

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    Deepak Srivastav
    On: July 28, 2020 | Views
  • Liked my policy benefits

    My Kotak General car insurance policy that I bought for my Renault Duster car offers me many benefits. It is an affordable policy that I was able to p...

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    Kshitij Arora
    On: July 27, 2020 | Views
  • Affordable policy

    My Kotak General car insurance policy that I bought recently at InsuranceDekho for my Honda Jazz car is an affordable policy. I was able to read its b...

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    Deepali Singh
    On: July 23, 2020 | Views
  • Liked my plan

    I not only liked my Kotak car insurance policy that I bought for my Maruti Suzuki Swift car, but also liked the smooth buying process at InsuranceDekh...

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    Madhukar Goyal
    On: July 22, 2020 | Views
  • Claim got settled quickly

    I made a claim last week under my Kotak General car insurance policy that I purchased from InsuranceDekho for my Hyundai Santro car. The claim got set...

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    Akanksha Narayan
    On: July 21, 2020 | Views

209 Kotak Cashless Garages in India

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.

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