Shriram Zero Depreciation Add-on

Shriram Car Insurance

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  • The company has more than 2,000 cashless network garages across India
    Check in your City
  • Offers multiple add-ons with the comprehensive policy
  • 24*7 claim service assistance
  • Commendable claim settlement ratio of 94.56%
  • Awarded “Excellence in Growth Award” for two consecutive years in 2011 and 2012

Shriram Zero Depreciation Add-on

All commodities including your car is subject to depreciation i.e., devaluation of a commodity over its age due to wear and tear. Besides affecting the market value of your car, depreciation also affects the claim amount disbursed to you during a claim settlement. The insurer factors in the cost of depreciation of the car and its replaced parts at the time of a claim resulting which you get a lesser claim amount. This heavy liability can be put aside with the Shriram Zero Depreciation Add-on cover. By purchasing the Shriram zero depreciation add-on, you get claims without subtraction of depreciation cost from it.

Benefits of Shriram Zero Depreciation Add-on Cover

Lesser Liability And Higher Claims: The Shriram Zero Depreciation add-on cover spares the policyholder from paying the cost of depreciation during a claim settlement. This lowers the liability on the side of a policyholder which helps him/her get higher claim amounts.

Availability of 2 Claims: Shriram General Insurance allows you to make up to 2 zero depreciation claims during the policy period.

Zero Depreciation Cover vs Normal Insurance

Age of Car

Depreciation Rate Without Zero Depreciation Cover

Depreciation Rate With Zero Depreciation Cover

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



Part of Car

Depreciation Rate Without Zero Depreciation Cover

Depreciation Rate With Zero Depreciation Cover

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



Fibre glass parts



Glass parts



Conditions for Shriram Zero Depreciation Add-on Cover

  • A maximum of only 2 claims is accepted under the zero depreciation cover during the policy period.
  • It is not applicable in case of constructive total loss, total loss and theft of the insured vehicle.

Shriram Car Insurance User Reviews

112 reviews Write a Review
  • Thank you team

    The team at InsuranceDekho is so helpful that they helped me in everything including shortlisting the best policy, understanding it and in the buying ...

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    Parth Goel
    On: July 10, 2020 | Views
  • Really happy to buy from InsuranceDekho

    One of my friends suggested that I buy a car insurance policy from InsuranceDekho and I am really happy to purchase Shriram’s policy for my Renault Kw...

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    Shikhar Aggarwal
    On: July 9, 2020 | Views
  • Amazing car insurance policy

    Shriram’ car insurance policy is amazing. I bought it for my Honda Jazz car from InsuranceDekho and I really liked the policy benefits and the easy wa...

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    Stuti Trikha
    On: July 3, 2020 | Views
  • Easy renewal process

    InsuranceDekho’s team helped me in the process of getting my Sriram car insurance policy renewed. I purchased the policy for my Tata Tiago last month ...

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    Samarth Arora
    On: July 2, 2020 | Views
  • Affordable policy

    InsuranceDekho shortlisted a few car insurance plans for my Renault Kwid car and I selected Shriram’s policy as I found it an affordable one. It offer...

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    Jitesh Arya
    On: June 26, 2020 | Views

Shriram Zero Depreciation Cover FAQs

  • How would I know if my vehicle has suffered constructive total loss and zero depreciation cover is not applicable for claims?

    Constructive total loss (CTL) is declared when the repair cost of your vehicle is more than 75% of the actual value of your car. In this case and as well as in the case of total loss (100% damage) or theft, the claim amount would be standard without the waiver of liability of depreciation cost.
  • Can I choose the claim in which I want the waiver for the depreciation cost or not?

    Yes, it solely depends on the policyholder whether he wants to have the benefit of the zero depreciation add-on cover for a particular claim or not.
  • Why the premium of my zero depreciation cover increases every year?

    The premium of your zero depreciation cover increases because the company has to bear more liability every year owing to the continuous depreciation of the insured car.

Contact Details

  • InsuranceDekho

    Call Us7551196989Mon to Sun 10 AM to 7 PM
  • Shriram General Insurance Contact Details

    Call Us(Toll-free): 1800-300-30000, 1800-103-3009(7 Days in week 4:00 AM to Midnight 12:00), (7 Days in week 9:30 am to 5:30 pm)

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