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Benefits of Purchasing SBI Zero Depreciation Car Insurance

 

  • 01

    Full Claim for New Parts

    With Zero Depreciation insurance, you get the full amount to replace damaged car parts with new ones. There's no deduction for how old the parts are.

  • 02

    Higher Claim Amount

    Since you are not losing money for depreciation, you’ll receive a higher payout when you make a claim.

  • 03

    Better Protection for Your Car

    Your car parts will be covered for their full value, so you don’t have to worry about paying extra from your pocket if something gets damaged.

  • 04

    Ideal for Older Cars

    If your car is older, Zero Depreciation insurance is especially helpful, as regular policies will give you less money due to depreciation.

  • 05

    Peace of Mind

    Knowing that you will get the full cost to replace damaged parts gives you more confidence and less stress when something happens to your car.

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Depreciation Rate of Car- Without and With SBI Zero Depreciation Add-On

Age of CarWithout the Zero Depreciation add-onWith the Zero Depreciation add-on
Under 6 monthsNil0%
6 months to 1 year5%0%
1 to 2 years10%0%
2 to 3 years15%0%
3 to 4 years25%0%
4 to 5 years35% 0%
5 to 10 years40%0%
More than 10 years50%0%

Depreciation Rates According to the Parts of the Car

Parts of a CarWithout Zero DepreciationWith Zero Depreciation
Rubber/Nylon/Plastic parts50%0%
Fibre Glass Parts30%0%
Glass PartsNil0%

Disclaimer: The given depreciation rates in the above tables are indicative. Check your policy document to get the exact terms and conditions.

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