Starting at only ₹6 per Day*

Starting at only ₹6 per Day*
Buying a car in India comes with a few other formalities. First, you have to buy a government-mandated third-party insurance policy along with your vehicle. This is because there is a high possibility of accidental damage to the car in a densely-populated country like ours. Then, specific other plans and covers are bought on the compulsory third-party policy.
A zero depreciation cover is one such add-on that is commonly bought over a base policy. This car insurance policy offers coverage for the depreciated value of your vehicle. With time, every car suffers through depreciation in terms of its value. Under other policies, the insurer is not liable to cover the depreciation of a vehicle. However, in a zero dep add-on cover, the insurer would be liable to pay complete damages, including the depreciation. Therefore, the TATA AIG zero dep car insurance policy is a great choice when looking for the same. Let us further delve into the details of buying TATA AIG zero depreciation car insurance.
A TATA AIG zero depreciation cover is also known as a bumper-to-bumper or nil depreciation insurance cover. It does not consider the effect of depreciation on a vehicle in the event of reimbursing expenses for an accident or collision. Therefore, it would cover even the depreciated value of the car and the costs incurred at the time of an accident.
The TATA AIG zero dep cover is an add-on that can be bought over a comprehensive car insurance policy. It would take care of the entire value of the car when claimed. Depreciation would not be deducted from the car's value at the time of claim settlement. A TATA AIG zero dep car cover would increase the value and protection of your vehicle.
Following are the benefits of TATA AIG zero depreciation car insurance cover:
The following table shows the depreciation rate applicable on a car with and without a TATA AIG zero dep cover:
Car’s Age | Without Zero Depreciation Cover | With Zero Depreciation Cover |
Less than 1 year | 5% | 0% |
1 year-2 years | 10% | 0% |
2 years-3 years | 15% | 0% |
3 years-4 years | 25% | 0% |
4 years-5 years | 35% | 0% |
5 years-10 years | 40% | 0% |
10 years or more | 50% | 0% |
Depreciation rate for all other car parts:
Car Parts | Depreciation Rate With Zero Depreciation Add-on | Depreciation Rate Without Zero Depreciation Add-on |
Rubber/plastic parts, tyres/tubes, etc. | 0% | 50% |
Glass & Fiber parts | 0% | 30% |
Metal parts | 0% | 0%-50% |
Car Paint | 0% | 50% |
A TATA AIG zero depreciation car insurance cover would protect you against the damages of your car, including the vehicle's depreciated value. In addition, it would provide reimbursement for depreciated vehicle components such as nylon, plastic, and rubber parts.
A TATA AIG zero depreciation cover would not cover the following damages:
The following factors affect the TATA AIG zero dep car insurance add-on cover:
Following the steps given below to buy TATA AIG zero depreciation cover:
The TATA AIG insurance company is known for providing impeccable services when it comes to policy perks and discounts. You can also be sure that your car would be protected against all expenses with the services offered by the insurer. When in doubt, the insurer also provides 24/7 customer care services to answer all your queries and inquiries satisfactorily.
You cannot buy a zero dep cover over a third-party car insurance cover.
Yes, car owners who have high-end cars must buy this cover as they are more likely to incur increased expenses in an accident due to depreciation.
Usually, zero dep cover cannot be offered to cars more than 5 years of age. But in some cases, if purchased offline, more than five years old cars can also be covered under zero depreciation.
Yes, fiberglass depreciation would be covered under a zero dep car insurance add-on.
Yes, you can renew your TATA AIG car insurance policy online.
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