ICICI Lombard Two Wheeler Insurance Zero Depreciation Add-On Cover

Zero depreciation coverage offered by ICICI Lombard, commonly known as nil depreciation, is an add-on for comprehensive bike Read More

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Premium coverage starts at ₹ 457*

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It is always recommended to buy ICICI Lombard two-wheeler insurance zero depreciation add-on cover since it allows the policyholder to increase their coverage by providing maximum reimbursement at the time of claim.

ICICI Lombard Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Premium Calculator Policy Download Customer Care

Depreciation Rate of Bike - Without and With ICICI Lombard Zero Depreciation Add-On

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%

Depreciation Rates According to the Parts of the Bike

Parts of a Bike	Without Zero Depreciation	With Zero Depreciation
Rubber/Nylon/Plastic parts	50%	0%
Fibre Glass Parts	30%	0%
Glass Parts	Nil	0%

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

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Benefits of Purchasing ICICI Lombard Zero Depreciation Bike Insurance

Here are some benefits of buying ICICI Lombard Zero Depreciation Bike Insurance:

01
Full Claim Reimbursement
Without zero depreciation, the claim amount is reduced based on the bike’s age and wear. With zero depreciation cover, you get the full cost of repairs or replacement without any deduction for depreciation, meaning a higher claim payout.
02
Protects Your Finances
With zero depreciation cover, you don’t have to worry about paying for part replacements. The higher payouts mean you spend less from your own pocket.
03
Value for Money
While people may think zero depreciation cover is expensive, the extra cost is worth it because of the bigger claim amounts you get, making it a smart and affordable choice.
04
Peace of Mind
With zero depreciation, you’re fully covered for accidental damage without worrying about your bike’s reduced value. This gives you confidence and comfort while riding.