Starting at only ₹6 per Day*
Royal Sundaram Zero Depreciation Car Insurance
Enter your details to buy Car Insurance
By proceeding you agree to
Terms & Conditions
Proceed without car number
- Compare and buy at best price
- Instant Policy Issuance
- No unwanted calls. We promise!
Royal Sundaram Car Insurance Highlights
"Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially promoted as a joint venture by Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and other Indian Shareholders.
Royal Sundaram has been providing innovative general insurance solutions to individuals, families and businesses directly as well as through its intermediaries and affinity partners. The company offers Motor, Health, Personal Accident, Home and Travel Insurance to individual customers and offers specialized insurance products in fire, marine, engineering, liability and business interruption risks to commercial customers. Royal Sundaram also offers specially designed products to the small and medium enterprises and rural customers as well. The company is a pioneer in bancassurance in India, having long-standing tie-ups with reputed banks and NBFCs."
Claim Settlement Ratio
98.6
Usp
Provides zero dep till 10 years of age of car (up to 5 years if there’s any break-in in the policy , for non break in up to 10 Years)
-Free pickup and drop (if opt for TRS, Trusted Repair Shop)
- Provides zero dep till 10 years of age of car (up to 5 years if there’s any break-in in the policy , for non break in up to 10 Years)
-Free pickup and drop (if opt for TRS, Trusted Repair Shop)
Free Addons
24*7 Road Assistance (radius - 25 km from breakdown)
- Consumables
- 24*7 Road Assistance (radius - 25 km from breakdown)
- Consumables
Your car, like any other commodity, depreciates in value over time. Depreciation is the term for this gradual loss of value. When you purchase a Royal Sundaram car insurance policy, the depreciation amount comes into the picture. While settling claims, Royal Sundaram will not cover the cost of depreciation, resulting in a lower claim amount. However, with Royal Sundaram zero depreciation car insurance add-on cover, you protect yourself from the liability of incurring depreciation costs and get a bigger claim amount. Getting this add-on will increase your premium though. But it’s worth adding such an add-on given the massive rate of depreciation that takes effect in cars. Let’s learn more about the benefits of Royal Sundaram zero depreciation car insurance.
Benefits of Royal Sundaram Zero Depreciation Car Insurance
Following are the benefits of Royal Sundaram zero depreciation car insurance:
- Higher Claim Amount
The zero depreciation add-on plan of Royal Sundaram protects you from depreciation costs. Royal Sundaram car insurance will, instead, bear the burden of depreciation cost. This allows you to obtain a bigger claim sum. The claim amount is substantially higher than the cost of this add-on, making the overall claim extremely cost-effective.
- Complete Protection
The zero depreciation add-on provides coverage for your automobile and all its parts at 100%, with the exception of tires, tubes, and batteries, which are covered at 50%.
Depreciation Rate Applicable on Car with and without Zero Depreciation Cover
The rate of the Royal Sundaram zero depreciation car insurance is provided in the table given below:
| Age of the Car | Rate of Depreciation without Zero Depreciation | Rate of Depreciation with Zero Depreciation |
| 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 | Rate of Depreciation - with Zero Depreciation |
| Paint Work /Rubber/Nylon/Plastic parts | 50% | 0% |
| Fibreglass parts | 30% | 0% |
| Glass parts | Nil | 0% |
Factors Affecting Royal Sundaram Zero Depreciation Car Insurance
These are some factors that affect the Royal Sundaram zero depreciation car insurance cover.
- This coverage is not available for vehicles older than 10 years.
- It is not applicable to imported automobiles, vehicles whose production has halted, or vehicles for which components are no longer accessible.
- The price is determined by the insured car's insured declared value (IDV), age, engine displacement, and make.
- The Zero Depreciation add-on cover is available on a yearly basis, thus it must be renewed in conjunction with the comprehensive policy.
- You cannot add or remove Royal Sundaram zero depreciation car insurance add-on during the middle of the policy term.
Royal Sundaram Zero Depreciation Car Insurance Review
When it comes to policy benefits and savings, Royal Sundaram has a reputation for excellence. With the services provided by the car insurance company, you can also be assured that your car will be secured against heavy depreciation charges. When in doubt, the insurance company offers 24-hour customer assistance to respond to all your questions and concerns.
Add ons for your Car Insurance
Royal Sundaram Zero Depreciation Car Insurance FAQs
1. Is it possible to add a Royal Sundaram zero depreciation car insurance add-on cover to my existing third-party policy?
A zero depreciation cover cannot be added to a third-party car insurance policy.
2. A zero depreciation cover cannot be added to a third-party car insurance policy.
Yes, high-end car owners can purchase this Royal Sundaram zero depreciation car insurance add-on cover. Purchasing this cover will help them avoid greater expenses in the event of an accident owing to depreciation.
3. Is it possible to purchase a zero depreciation cover from Royal Sundaram for my car aged more than five years?
While most insurers don’t allow this, Royal Sundaram grants zero depreciation for cars aged up to 10 years. However, it may inspect vehicles aged beyond five years before granting the add-on cover.
4. Is fiberglass depreciation covered under Royal Sundaram zero depreciation car insurance?
Is fiberglass depreciation covered under Royal Sundaram zero depreciation car insurance?
5. Can I buy Royal Sundaram zero depreciation car insurance online?
You can apply for Royal Sundaram zero depreciation car insurance online.