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United India Zero Depreciation Car Insurance
United India Zero Depreciation Car Insurance is also known as bumper-to-bumper and nil-depreciation car insurance plan. This is an add-on that ensures a 100% refund of the claim amount of your car without a depreciation deduction.
With a zero depreciation add-on, United India provides full cost coverage of repair and replacement. It helps to get a better claim amount at the time of settlement of the policy by the insured.
Key Benefits of Buying United India Zero-Depreciation Car Insurance
Some of the major benefits offered by zero-depreciation car insurance add-ons are as follows:
- 01
Cashless Repairs
Get your car fixed without considering depreciation at United India’s partner garages.
- 02
Full Protection
Usually provides coverage for plastic, fiber, and metal parts.
- 03
Higher Claim Amount
No depreciation deduction means you get better settlement amounts during claims.
Factors Affecting Zero-Depreciation Purchase
Factors that can affect zero-depreciation purchase decision are as follows:Age of Car
It can be purchased for a car that is less than 5 years old.
Car’s make and model
The Model and make of the car, which affects the premium amount of the zero-depreciation add-on
Driving History
If you have a bad driving history, you may likely pay a high premium.
Luxury Cars Cost More
Costly and luxurious cars are liable to pay high premiums.
Motor Insurance Plans By United India
Depreciation Rate of Car as per IRDA - Without and With United India Zero Depreciation Add-On
| Age of the 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.
FAQs
You need an ID card, a driving license, the RC of your car, and an existing policy document to purchase zero-depreciation cover.
No. You are not liable for any depreciation deduction after this add-on. At the time of the claim, you will get the full coverage amount without deducting depreciation.
Rubber, fiber, or glass parts of the car get coverage under the zero-depreciation add-on.
Some of the major benefits offered by zero-depreciation car insurance add-ons are as follows:Cashless RepairsFull ProtectionHigher Claim Amount