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Add-Ons for Customization
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.
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.
What is Not Covered Under IFFCO Tokio Zero Depreciation Car Insurance Policy?
Bike Insurance Plans By IFFCO Tokio
