Reliance Zero Depreciation Car Insurance

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Reliance Car Insurance Highlights

Reliance (Car Insurance)
Reliance General Insurance is one of the leading general insurance companies of India, incorporated in the year 2000. The company has over 139 offices and more than 28,900+ intermediaries across India.
Claim Settlement Ratio
Video Claim
Reimbursement within 7 working days for non cashless garages
close - Reimbursement within 7 working days for non cashless garages
Spot Claims
Available upto Rs 10,000
Advance Cash
Available upto 50%

Like all machines, your car suffers depreciation with time due to normal wear and tear, age, and obsolescence. Thus, the vehicle suffers a loss in value. For example, your new car is costlier than an old one. Moreover, materials used in the four-wheeler, such as plastic, fiberglass and glass, also lose value. Reliance zero depreciation car insurance compensates the policyholder for the depreciation usually applied during claim settlement. The add-on ensures full claim amount payment without any deduction of depreciation. As a result, you can receive the claim’s total value for replacing the parts and repairs. 

Reliance Zero Depreciation Car Insurance Cover - How Does it Work?

Under the Reliance car insurance zero depreciation add-on, you get protection against physical damages to the car without any depreciation. On the other hand, the claim amount under a standard car insurance policy reduces as the insurer applies depreciation on the parts to be repaired or replaced. Consequently, you end up paying the difference amount from your pocket. In contrast, the add-on cover fetches you the total claim amount. Therefore, it is wise to purchase the add-on for the new car and follow with subsequent renewals.  

Benefits of Reliance Car Insurance Zero Depreciation Cover 

The Reliance Car zero-dep insurance add-on cover benefits sum up in the following points -

  • It curbs your losses during claim settlement as Reliance absorbs the depreciation cost.
  • The lack of depreciation fetches policyholders a full claim amount.
  • Finally, the add-on assures complete peace of mind when you raise a claim for damages regardless of the cause.

Depreciation Rates Applicable on a Car With And Without Zero-depreciation Add-on

Insured Car’s AgeDepreciation Rate with Zero Depreciation CoverDepreciation Rate without Zero Depreciation Cover

Below 6 months 



6 months to 1 year



1 year to 2 years



2 years to 3 years



3 years to 4years



4 years to 5 years



5 years to 10 years



Above 10 years



Car parts Depreciation Rate with Zero DepreciationDepreciation Rate without Zero Depreciation
Paint, rubber, nylon, plastic, batteries, tire, tube, airbags0%50%
Fiberglass 0%30%
Glass 0%Nil 

What is Included Under Reliance Car Insurance Zero Depreciation Cover?

Zero-dep add-on is one of the most popular covers available to Reliance car insurance policyholders. Accordingly, you must also know the inclusions before purchasing the Reliance car zero depreciation insurance policy. The critical inclusions are:

  • Damaged paintwork and components made from rubber, nylon, plastic, fiberglass, and glass.
  • Total coverage for the damaged parts mentioned above.
  • You can opt for the add-on cover during purchase and renewal.

What is not Included Under Reliance Car Insurance Policy with Zero Depreciation Cover?

It is equally important to know the exclusions in the Reliance zero-dep car insurance add-on cover as the inclusions for a seamless claim settlement experience. Check the following exclusions:

  • The add-on does not cover the insured car’s wear and tear
  • Engine damages caused due to oil leakage
  • Mechanical breakdown.

Factors Affecting Reliance Car Insurance Zero Depreciation Cover 

Consider the following while opting for the Reliance zero depreciation car insurance:

  • You can choose the zero depreciation add-on cover for your car if it is not more than five years old.
  • A cap applies to the number of claims under the zero depreciation cover during the policy term.

How to Buy Reliance Car Insurance Zero Depreciation Cover?

Purchasing Reliance zero-dep car insurance online is easy to do. To continue, you can visit the insurer’s portal and invoke the online module feeding your car’s registration number, email address, and mobile number. Then, choose the zero-dep add-on when the system prompts you before quoting the premium. Online payment completes the process. Alternatively, you can buy the add-on through aggregators such as Paytm Insurance

Reliance Zero Depreciation Car Insurance Cover Review

You get access to the vast 5000+ network garages for cashless claims when you purchase the Reliance zero-dep car insurance and enjoy its benefits. Moreover, the insurer’s “Selfi” app provides many unique functions for initiating and closing claims. For example, you can perform a self-inspection of the insured car damaged in an accident. Get the video ready to start the claim process. 

Reliance Zero Depreciation Car Insurance FAQs

  • 1. How does Reliance General Insurance determine the applicable depreciation rates in car insurance?

    Car insurers must adhere to the depreciation rates fixed by the IRDAI. Accordingly, Reliance applies the rates while settling the claim amount of policyholders. The eventual amount would come less than claimed. However, with a zero depreciation add-on cover, you can get the full claim amount. 

  • 2. How often can you claim under the Reliance car insurance zero depreciation add-on?

    You can claim zero depreciation cover of Reliance car insurance twice during the policy term.

  • 3. Which parts does the Reliance Car insurance zero-dep cover?

    The Reliance car insurance zero depreciation add-on covers all the parts except tires and tubes. 

  • 4. Can you purchase other add-on covers under Reliance car insurance zero depreciation policy?

    Yes, you can buy as many offered add-on covers, depending on your risk perceptions and budget. However, remember that you can purchase add-on covers with the comprehensive or standalone car insurance policies for an additional cost. 

  • 5. Do you pay the cost of the Reliance Car insurance zero-dep add-on cover while purchasing or renewing?

    Reliance quotes the premium (including that of zero depreciation add-on) to its policyholders willing to purchase or renew such covers. 

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