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Benefits of TATA AIG Zero Depreciation Car Insurance
Add the TATA AIG Zero Depreciation Cover while renewing your car insurance to get full claim benefits and complete peace of mind. Here are some of the benefits:
- 01
Depreciation Reimbursement
This cover pays for the depreciation amount that is usually deducted when your car parts are replaced. You do not have to bear the cost of depreciation during a claim.
- 02
Full Claim Settlement
Unlike regular policies, this plan ensures you get the full claim amount without any depreciation deduction. It reduces your repair expenses and gives you more value.
- 03
Coverage for Expensive Parts
It includes costly parts like plastic, rubber, fiberglass, bumpers, and glass without reducing their value. This ensures complete coverage.
- 04
Lower Out-of-Pocket Costs
Since depreciation is not deducted, you spend less on repairs, making it easy on your pocket.
- 05
Ideal for New and Luxury Cars
It is best for cars under 3 years old or luxury vehicles with expensive spare parts.
- 06
Helpful in Accident-Prone Areas
Perfect for drivers in heavy traffic or poor road conditions, as it reduces frequent repair costs.
- 07
Maintains Better Resale Value
By keeping your car in good condition, you get a higher resale price later.
- 08
Affordable Add-On
This add-on is budget-friendly and provides excellent protection for your car.
Motor Insurance Plans By TATA AIG
Inclusion and Exclusions of TATA AIG Zero Depreciation Cover
What it Covers
This is an Add-on to comprehensive or own damage policies. Here are some of its inclusions:
Full repair or replacement cost without depreciation.
Covers parts like plastic, rubber, fiberglass, bumpers, and glass.
Personal accident cover for owner-driver.
Cashless repairs at network garages.
Accidents, fire, theft, and natural disasters.
What Does it not Cover
Any kind of expenses or losses caused due to any of the following reasons are excluded from the Tata AIG zero depreciation cover. Here is the list:
Total loss claims are settled at market value (IDV).
Driving under the influence of alcohol or drugs.
Certain parts like tires, tubes, nuts, bolts, and lubricants (unless specified).
Driving without a valid license.
Mechanical failures and regular tears.
Mandatory deductibles must be paid separately.
Conditions of Buying TATA AIG Zero Depreciation Cover
Here are the conditions that the policyholder should consider before buying the TATA AIG zero depreciation cover:Car Age
This add-on applies to cars that are 5 years old.
Policy Type
This add-on applies to Comprehensive or Own Damage policies.
Claim Limit
Two claims per policy year for the depreciation benefit.
How to Buy TATA AIG Zero Depreciation Car Insurance?
Here are the steps to buy the TATA AIG Zero Depreciation Cover online:Step 1: Go to the car insurance section on the TATA AIG website.
Step 2: Enter your car details like model, make, and registration year.
Step 3: Select a car insurance plan that offers a zero depreciation cover.
Step 4: Pick the Zero Depreciation add-on from the available options.
Step 5: Pay the premium to complete the purchase.
Step 6: Get your policy documents sent to your email.