Tata AIG Zero Depreciation Add-On

As your bike gets older, the value of some parts depreciates due to regular wear and tear. This, in turn, depreciates the overall Read More

Buy/Renew Bike Insurance

Premium coverage starts at ₹ 457*

Get Updates on WhatsApp

By clicking on 'View Plans', you agree to our Privacy Policy & Terms of use *Disclaimer

Hassle-Free Buying Process
24*7 Customer Support
Compare Different Plans Easily

However, in case you add the Zero Depreciation or Bumper-to-Bumper add-on cover from Tata AIG to your comprehensive bike insurance policy, then you are entitled to get the entire claim amount without deducting the depreciated value of your bike. Without this NIL depreciation add-on, you shall receive the depreciated value of your bike, and the two-wheeler insurance might not cover the complete damages.

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

Depreciation Rate of Bike - Without and With Tata AIG Zero Depreciation Add-On

Age of Bike	Without the 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%

Benefits of Tata AIG Zero Depreciation Bike Insurance Policy

Full Coverage for Parts Zero depreciation coverage covers the entire cost of the replaced parts in case of an accident without taking into consideration their depreciated value. This means complete financial protection.No Out-of-Pocket Costs for Depreciation When you file a claim, you need not pay out of pocket for the depreciation of the bike parts. This reduces your overall cost at the time of making claims.Increased Claim Amount Since depreciation is not deducted from the claim, you may get a higher claim amount. This helps keep your bike in good condition without worrying about costs.Cost-Effective in the Long Run Although you need to pay a little extra for zero depreciation covers, it can be cost-effective as it lowers your financial burden during the time of claims.

What is Not Covered Under Tata AIG Zero Depreciation Add-On?

Limited Availability This add-on coverage is only available for certain types and models of bikes.Claim Limits You can only make two Zero Depreciation claims during the period your policy is active.Age Limit for Bikes Only bikes that are less than two years old can get this Zero Depreciation cover.Exclusions This cover does not include regular wear and tear, damage from risks not covered by your policy or mechanical breakdowns.