Bajaj General Zero Depreciation Bike Insurance

Bikes lose value over time, just like other things. Regular insurance policies don’t cover this loss in value, so when you make a Read More

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Premium coverage starts at ₹ 457*

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Benefits of Bajaj General Zero Depreciation Add-On Cover

01
Full Claim Amount
You get the complete claim amount without any deduction for the bike’s depreciation. This means no depreciation in value because of the wear and tear process over time.
02
Covers Repairs & Replacements
Repair and replacement costs for the bike's damaged parts are covered completely. You do not pay these costs from your pocket.
03
Saves Money
This cover saves you from paying the depreciation costs during claim settlement, reducing your financial burden.
04
Better Protection
Your bike’s value remains protected during claims. This ensures you don’t lose money if your bike needs repairs or parts replacement.
05
Peace of Mind
With this add-on, you don’t have to worry about unexpected expenses. It provides security and financial ease in case of damage.

Age of Bike	Without the Zero Depreciation add-on	With the Zero Depreciation add-on
Under 6 months	Nil	0%
6 months to 1 year	5%	0%
1 to 2 years	10%	0%
2 to 3 years	15%	0%
3 to 4 years	25%	0%
4 to 5 years	35%	0%
5 to 10 years	40%	0%
More than 10 years	50%	0%

Disclaimer: The given depreciation rates in the above tables are indicative. Check your policy document to get the exact terms and conditions.

Parts Coverage
This covers the cost of parts like nylon, rubber, fiberglass, and plastic when damaged.
Repair/Replacement Costs
The cost of repairs or replacement is fully covered during claim settlement.
Battery and Tyres
Partial damage to the battery and tyres is also covered without depreciation.
Policy Upgrade
You can add the zero depreciation cover when renewing or buying the policy.

Mechanical Issues
Damage caused by mechanical faults or failures is not covered.
Wear and Tear
Normal aging and wear-and-tear of the bike are excluded.
Total Damage
Full loss or damage to the vehicle is not covered under this add-on.
Uninsured Items
Items like tyres, gas kits, or a CNG kit won’t be compensated if they are uninsured.

Disclaimer: Please refer to your policy documents to know the exact coverage.

Here are a few things that you must keep in mind that affect the zero depreciation cover:

Bike Age Limit
This cover is only for bikes that are up to 2 years old.
Limited Claims
You can use this cover only twice during the policy period.
No Coverage for Some Issues
It does not cover damage caused by mechanical problems or regular wear and tear.
Loss Protection
It provides coverage for both total and partial loss of your bike.