Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
Have you bought a new car? Purchased car insurance? If not, then don't forget to extend your car insurance policy with a zero depreciation add-on cover. As a car's worth depreciates with time, insurers charge a higher premium for old car insurance and reduce the claim amount. But with New India zero dep four wheeler insurance, you can avoid this situation. New India Assurance Co Ltd is a Government-owned general insurance company operating in more than 20 countries.
For being a new car owner, it is advisable to go for New India zero dep car insurance policy as it offers coverage against the default devaluation applicable on the insured car and its parts, which helps you to get a higher claim in return. On this page, find more details regarding the same.
As the name suggests, zero depreciation cover means no effect of depreciation on a car. In case your vehicle gets damaged, the car insurance claim amount you receive accounts for the factor of depreciation, the depreciation accumulated on the car with age and usage. However, with zero depreciation on New India car insurance, you receive the total value of your insured car's components while applying for a car insurance claim without any depreciation amount deductions.
Therefore, adding a New India zero dep four-wheeler insurance policy expands the coverage of your comprehensive or standalone car insurance policy and enhances the financial protection for your car.
New India zero dep car insurance policy provides several benefits to the policyholders, including
Age of Car | Rate of Depreciation Without Zero Depreciation Cover | Rate of Depreciation With Zero Depreciation Cover |
Up to 6 months | Nil | Nil |
6 months to 1 year | 5% | Nil |
1 year to 2 years | 10% | Nil |
2 years to 3 years | 15% | Nil |
3 years to 4 years | 25% | Nil |
4 years to 5 years | 35% | Nil |
5 years to 10 years | 40% | Nil |
More than 10 years | 50% | Nil |
Paint Work Rubber/Nylon/Plastic Parts, Tyres and Tubes, Batteries and Airbags Parts | 50% | Nil |
Fiberglass Parts | 30% | Nil |
New India zero dep car insurance policy covers the following risks:
New India zero depreciation four-wheeler insurance policy does not cover the following:
Following are the factors that are considered while availing New India zero dep car insurance policy:
A four-wheeler owner can buy the New India zero dep four wheeler insurance online by following the below-mentioned steps:
A little cost added, and boom! Really, carefree now of devaluation of the car with time. Purchasers are happy with the New India zero dep car insurance add-on.
No, it is not compulsory to buy a zero depreciation cover. However, buying it only extends your car’s protection.
Though New India Assurance offers add-on covers in bundles to optimize a customer's policy coverage yet, you can request the insurer for only zero depreciation add-on cover if you require that specifically.
While filing your New India zero dep car insurance claim, the insurer will expect you to show the following documents-
A person who has a new car, a luxury car, or a sports car must purchase New India zero depreciation cover add-on. Also, a person who lives in an accident-prone area should expand their insurance policy with this add-on cover.
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