Chola MS Zero Depreciation Bike Insurance Policy

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Depreciation Rate of Bike - Without and With Chola MS Zero Depreciation Add-On

Age of Bike	Without Zero Depreciation add on	With 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.

This add-on offers full claim settlement without taking any depreciation of the replaced parts of the bike.All the components made from plastic, rubber, fibre, and metal are included in this add-on.It reduces the out-of-pocket expenses of policyholders at the time of repairs.As all the replacement cost is covered, this add-on maintains the value of your vehicle.You can include this as an add-on to the standard comprehensive bike insurance plan.It can be availed multiple times in the policy period as per terms and conditions.You can also get expert support from Chola MS's reliable and customer-focused service.

Policyholders get several advantages with the Cholamandalam Zero Depreciation cover, but here are a few conditions apply:It's available only for bikes that are up to 5 years old.It doesn't cover total loss or mechanical and electrical failures.Regular wear and tear repairs or replacements aren't covered.You can file only two claims during the entire policy period.