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National Zero Depreciation Add-on


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National Zero Depreciation Add-on

Depreciation is a natural process and like all other things it affects your car too. With age, your car’s market value depreciates due to wear and tear. And this cost of depreciation is borne by the car owner at the time of a claim settlement in the absence of a zero depreciation cover.

However, by opting for a zero depreciation you can safeguard yourself from the liability of paying for the cost of depreciation. The zero depreciation add-on shifts the liability of bearing depreciation cost from car owner to the insurer.

Benefits of National Zero Depreciation Add-on

Less liability: The Zero Depreciation add-on cover offered by National Insurance saves you from bearing the cost of depreciation during a claim settlement. This means that the company will have to pay the claim amount without deducting the depreciation from it. This enables you to get a higher claim amount.

Extended Coverage: The Zero Depreciation add-on cover provides a depreciation coverage for all parts of your car at 100%, except tyres, tubes and batteries which get insured at 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

  • Available for cars not older than 5 years
  • Policyholder is allowed to file only 2 claims during a policy tenure
  • It cover tyres, tubes and batteries at 50%. All the other parts are covered at 100%.
  • Premium depends on the IDV and age of the insured vehicle.

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National Zero Depreciation Add-on FAQs

  • I have a comprehensive car insurance policy along with zero depreciation add-on cover. Will it cover electrical/mechanical breakdown?

    No, the zero depreciation add-on cover does not offer protection against electrical/mechanical breakdown. For that, you would need to buy the Engine Cover add-on.
  • How much can I save with the zero depreciation add-on cover?

    You can save a hefty amount with the zero depreciation add-on cover. For example, the depreciation of fibre glass parts is 30%. This means you can do away with the liability of bearing this 30% expense.
  • I have a CNG kit installed in my car, will it be covered under my zero depreciation cover?

    No, depreciation of any bi-fuel kit is not covered under the zero depreciation insurance policy.

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Contact Details

  • InsuranceDekho

    7551196989Mon to Sun 10 AM to 7 PM
  • National Insurance Contact Details

    1800-345-0330Toll-Free (All 7 Days, 8 AM -10 PM)

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