Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
Just like every other product's value, the cars also decrease over the years because of the years of use. This becomes a crucial issue at the time of claiming insurance. The base policy does not usually include the wear and tear of the vehicle. This could result in an excess amount that you are required to pay. By adding a zero depreciation add-on, you can save putting a financial burden on yourself.
When you avail of Digit four-wheeler insurance comprehensive policy, you can add in Digit car insurance zero depreciation cover. After adding this cover, your vehicle will be insured 100%. This cover provides coverage against the wear and tear of the parts that are made up of degradable material such as nylon or plastic.
Adding Digit car insurance zero depreciation add-on cover comes with multiple benefits, some of which are listed below:
Following is the tabular representation of the Depreciation rate applicable with and without add-on cover.
Age of Car | Rate of Depreciation Without Zero Depreciation Add-on Cover | Rate of Depreciation With Zero Depreciation Add-on Cover |
Under 6 months | Nil | 0% |
6 months to 1 year | 5% | 0% |
1-2 years | 10% | 0% |
2-3 years | 15% | 0% |
3-4 years | 25% | 0% |
4-5 years | 35% | 0% |
5-10 years | 40% | 0% |
Above 10 years | 50% | 0% |
Part of Car | Rate of Depreciation Without Zero Depreciation Add-on Cover | Rate of Depreciation With Zero Depreciation Add-on Cover |
Paint Work /Rubber/Nylon/Plastic parts, tyres and tubes, batteries, and airbags parts | 50% | 0% |
Fiberglass parts | 30% | 0% |
Glass parts | Nil | 0% |
Following things, you avail after purchasing Digit car insurance zero depreciation add-on cover:
The following things are not included in the Digit car insurance zero depreciation add-on cover:
Following are the conditions that you must adhere to before purchasing Digit car insurance zero depreciation add-on cover:
You can make twice for a zero depreciation claim throughout the tenure of your insurance policy.
Yes, you can get Digit car insurance zero depreciation add-on cover on the second-hand car only if the vehicle is below 5 years old.
Yes, you get complete autonomy here. You can pay depreciation charges if you wish to at the time of claim settlement.
Tyres are not usually included in the zero depreciation add-on cover. However, it differs from insurer to insurer and the damage stood by the tyre.
Yes, you can claim zero depreciation if you damage your own car. However, the damage must be involuntary.
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