Royal Sundaram Zero Depreciation Add-on

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    Network Garages3300+
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    Royal Sundaram Zero Depreciation Add-on

    Your car, just like any other commodity, loses value with age. This devaluation with time is known as depreciation. When you buy a car insurance policy, there is a condition, with which you need to comply. It is that the insurer will not bear the cost of depreciation while settling claims. This means that the insurance company will factor the depreciation from the claim amount and you would receive a lesser claim amount. Opting for a Zero Depreciation add-on cover from Royal Sundaram with its comprehensive policy protects you from the liability of bearing the cost of depreciation and enable you to claim a higher amount at the time of settlement.

    Benefits of Royal Sundaram Zero Depreciation Cover

    In lieu of an extra premium, a zero depreciation add-on cover offers you the following benefits:

    • Higher Claim Amount: Zero Depreciation add-on cover exempts you from bearing the cost of depreciation. It makes the company liable to sanction claims without the deduction of depreciation. This enables you to get a higher claim amount, which would not have been possible otherwise. Compared to the cost of availing this add-on, the claim amount is much more and makes the entire claim highly cost-effective.
    • Complete Coverage: With the zero depreciation add-on the insurer provides coverage for your car and all its parts at 100% except tyres, tubes and batteries for which the cover is provided at 50%.
    • Unlimited Claims: Unlike most of the other insurers, Royal Sundaram allows you to make an unlimited number of claims under the zero depreciation cover.
    • Free Consumable Add-on: Royal Sundaram offers free consumable add-on with the purchase of its zero depreciation add-on.

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

    Age of Car

    Rate of Depreciation Without Zero Depreciation

    Rate of Depreciation With Zero Depreciation

    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%

    Part 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%

    Fibre glass parts

    30%

    0%

    Glass parts

    Nil

    0%

    Factors Affecting Digit Zero Depreciation Cover

    Royal Sundaram Zero Depreciation comes with multiple benefits provided that the following conditions are fulfilled:

    • Vehicles older than 5 years are not eligible for this cover.
    • It is not available for imported vehicles or whose production had ceased or whose parts are not available.
    • The pricing is based on Insured Declared Value (IDV), age, engine displacement and make of the insured car.
    • Claims made under Self Authorization mode- when the vehicle is repaired without proper consultation from the insurer.
    • The Zero Depreciation add-on cover is offered on an annual basis, which means, it needs to be renewed along with the comprehensive policy cover.

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    When did you buy your car?
    20052019
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      InsuranceDekho made comparing a variety of insurance companies and their offered policies seamless for me. I m...

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      By Prashant Mehra
      On: June 21, 2021
    • Renewal within minutes

      It was my first time renewing Royal Sundaram car insurance policy for Maruti S-Cross using InsuranceDekho. I m...

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      By Aryan Naskar
      On: June 14, 2021
    • User-friendly platform

      There is no other website as user-friendly as InsuranceDekho. Here the tabs are easy to explore and the websit...

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      D
      By Dibakar Patil
      On: June 7, 2021
    • Easy claim approval

      InsuranceDekho made claim approval for my Royal Sundaram Comprehensive car insurance policy issued for my Maru...

      Read More
      S
      By Supreet Singha
      On: May 31, 2021
    • Paperless renewal

      I renewed Royal Sundaram Comprehensive car insurance policy for my Volkswagen CrossPolo on InsuranceDekho. The...

      Read More
      S
      By Shaurya Kumar
      On: May 24, 2021
    • Car insurance

      Nice, detailed policy. It offers sufficient coverage. The executives offered proper guidance. I liked my poli...

      B
      By BALAJI NARAYANAN
      On: May 20, 2021
    • Three steps documentation

      It took me just three steps and a total of five minutes for the documentation of Royal Sundaram car insurance ...

      Read More
      S
      By Sidhharth Ray
      On: May 17, 2021
    • Effective chatbox

      Recently I bought a Hyundai Santro and was looking for a suitable car insurance policy. I landed on InsuranceD...

      Read More
      B
      By Baishakhi Roy
      On: May 10, 2021
    • Effortless policy issuance

      I issued Royal Sundaram car insurance policy for Infiniti FX all on my own simply by following the detailed in...

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      On: April 30, 2021
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    Royal Sundaram Zero Depreciation Cover FAQs

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

      The minimum premium amount for Royal Sundaram zero depreciation add-on cover is Rs 100. However, the amount of exact premium depends on the type of add-on cover availed.

    • How can I buy the zero depreciation add-on cover?

      If you are a new car owner then you can purchase the add-on cover while buying the comprehensive insurance policy. However, if you have an existing insurance policy without zero depreciation cover, then you can avail the add-on while renewing your policy and get an inspection done for your vehicle.

    • What is not covered under the zero depreciation add-on cover?

      The points that are not covered under the zero depreciation add-on are Deductibles (compulsory and voluntary), Damage caused by perils, Mechanical breakdowns, Uninsured accessories and fuel kit, Claims made under the self-authorisation mode, and Theft of car parts/accessories.

    • Who should opt for the Zero Depreciation Cover?

      Any car owner should opt for the Zero Depreciation add-on to avoid the depreciation charge and the expense of repairing or replacing car parts. However, it is best suited for luxury car owners and new drivers.

    • Does the Zero Depreciation cover provide for plastic parts of cars?

      Yes, the Zero Depreciation provides coverage for the plastic parts of the insured car. The rate of depreciation for plastic parts without the Zero Depreciation charge is 50%. But with the Zero Depreciation cover, the charges become nil.

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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.