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Benefits of Purchasing HDFC ERGO Zero Depreciation Car Insurance
Here are the benefits of buying HDFC ERGO’s zero depreciation add-on for your car insurance:
- 01
Higher Claim Amount
You pay a little extra for this add-on, but it ensures you get more money when you make a claim. This means the cost of replacing any parts is fully covered.
- 02
Save Money
With this add-on, you don’t have to pay extra from your own pocket during a claim. Without it, you would need to pay for some of the repairs yourself.
- 03
Protect Yourself from Big Expenses
This add-on increases the amount you get during claim settlements. Without it, you might have to spend a lot of money on repairs or damage.
Motor Insurance Plans By HDFC Ergo
FUTURE
NCB : 50%IDV: ₹167226
HDFC
NCB : 50%IDV: ₹131369
ICICI
NCB : 50%IDV: ₹234117
BAJAJ
NCB : 50%IDV: ₹138149
Depreciation Rate of Car- Without and With HDFC Ergo Zero Depreciation Add-On
| Age of Car | 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 Car
| Parts of a Car | 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.