Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
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.
Following are the benefits of Royal Sundaram zero depreciation car insurance:
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.
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%.
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% |
These are some factors that affect the Royal Sundaram zero depreciation car insurance cover.
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.
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.
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.
Is fiberglass depreciation covered under Royal Sundaram zero depreciation car insurance?
You can apply for Royal Sundaram zero depreciation car insurance online.
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