SBI Zero Depreciation Bike Insurance Add-On

Depreciation means your bike loses value over time because of age and regular use. When you make an insurance claim, the company Read More

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Premium coverage starts at ₹ 457*

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Benefits of SBI General Zero Depreciation Add-On Cover

Here are the main benefits of buying a zero depreciation add-on cover in your insurance:

Full Claim Amount
You can get the full insured amount without any depreciation deduction. This is very helpful when repair costs are high or bike parts need replacement.
Low Cost Add-On
This add-on is available at a low price. The benefits are more than the extra cost you pay.
Pay Less from Your Pocket
This cover helps you pay less during claim settlement. It protects you from getting a lower claim amount and gives extra financial safety.

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.

What Is Covered (Inclusions)?Pays for parts made of plastic, rubber, nylon, and fiberglassCovers the cost of repairing or replacing damaged parts during a claimCovers partial damage to batteries and tyres without cutting money for depreciationWhat Is Not Covered (Exclusions)?Damage caused by mechanical problems or failuresDamage due to regular wear and tear over timeLoss of items that are not insured, like tyres, bi-fuel kits, or gas kitsDisclaimer: Please refer to your policy documents to know the exact coverage.