IFFCO Tokio Zero Depreciation Add-On Cover

When you decide to buy bike insurance, it's important to choose the right add-ons to get the benefits of extra protection. One Read More

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You can get this add-on when you buy a comprehensive bike insurance policy or standalone own-damage cover from IFFCO Tokio. Over time, the value of your bike naturally decreases due to wear and tear, a process called depreciation. With IFFCO Tokio’s Zero Depreciation cover, you can claim the full value of your bike without worrying about depreciation. This add-on helps you get the original value of your bike in case of an accident, offering better protection.

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

Depreciation Rate of Bike - Without and With IFFCO Tokio 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%

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 above tables are indicative. Check your policy document to get exact terms and conditions.

Benefits of IFFCO Tokio Zero Depreciation Car Insurance Add-On

This add-on lets you get a full claim settlement without considering depreciation on the replaced car parts.It covers parts made of plastic, rubber, fibre, and metal.It reduces your out-of-pocket costs for repairs.Since it covers the full replacement cost, it helps maintain the value of your car.You can add this to your standard comprehensive car insurance plan.It can be used multiple times during the policy period, based on the terms and conditions.You also get expert support from IFFCO Tokio’s customer service team.

What is Not Covered Under IFFCO Tokio Zero Depreciation Car Insurance Policy?

This add-on is available only for vehicles up to 5 years old.It does not cover total loss or mechanical and electrical breakdowns.Regular wear and tear repairs or replacements are not included.You can only make two claims with this cover during the policy period.