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Royal Sundaram Zero Depreciation Car Insurance
Your car loses value as it gets older. This loss in value is called depreciation. When you buy a car insurance policy, the insurance company does not pay for this depreciation during a claim. This means they reduce the claim amount based on the car’s age, and you get less money.
But if you buy the Zero Depreciation add-on from Royal Sundaram along with a comprehensive policy, the insurance company will not cut money for depreciation. This helps you get a higher claim amount and reduces your own expenses during claim settlement.
Benefits of Royal Sundaram Zero Depreciation Cover
When you pay a little extra for the Zero Depreciation add-on, you get these benefits:
- 01
Higher Claim Amount
With Zero Depreciation, you do not have to pay for the car’s loss in value. The company settles your claim without cutting money for depreciation. This means you get a much higher claim amount, which makes the add-on very cost-effective.
- 02
Better Coverage
This add-on gives 100% coverage for your car and its parts. Only tyres, tubes, and the battery are covered at 50%.
- 03
Unlimited Claims
Unlike many other companies, Royal Sundaram lets you make unlimited claims under the Zero Depreciation cover.
- 04
Free Consumable Add-on
When you buy the Zero Depreciation add-on, Royal Sundaram also gives you a free Consumables Add-on.
Depreciation Rate of Car- Without and With Royal Sundaram 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.
Motor Insurance Plans By Royal Sundaram
Factors Affecting Royal Sundaram Zero Depreciation Cover
The Royal Sundaram Zero Depreciation add-on gives many benefits, but only if these conditions are met:Cars older than 5 years cannot get this cover.
It is not available for imported cars, cars that are no longer made, or cars whose parts cannot be found.
The price of this add-on depends on the car’s IDV (value of the car), age, engine size, and brand/model.
Claims may not be accepted if the car is repaired without informing or consulting the insurer (Self-Authorization mode).
The Zero Depreciation add-on is valid for one year and must be renewed every year along with your comprehensive policy.
FAQs
Because you get more money during a claim, and you do not have to pay for the loss in value of car parts.
Yes, it covers almost all parts at 100%. Only tyres, tubes, and the battery are covered at 50%.
Yes. Cars older than 5 years cannot get Zero Depreciation cover.
It is valid for one year and must be renewed every year with the comprehensive policy.
No. Claims may be rejected if repairs are done without consulting Royal Sundaram.
No. If you make a claim under Zero Depreciation, your NCB may still be reduced, just like a normal claim.