Starting at only ₹1.5 per Day*

Starting at only ₹1.5 per Day*
A zero depreciation cover is a safety net for vehicle owners. This cover does not consider the depreciation suffered by a vehicle over time. Every vehicle goes down in value with time, pertaining to depreciation. This depreciation is not covered in claims with other types of policies. In the zero dep cover, depreciation is also included in the insurance claim by the insurance company.
A Bharti AXA zero depreciation bike insurance cover would take care of the vehicle's depreciated value so that you do not have to pay anything out of your own pocket. It acts as an add-on cover over a base policy. Let us know more about this cover in details.
Depreciation is a natural process. Every vehicle goes through the process of depreciation, which decreases its value with time. At the time of claim settlement, the insurer would not cover the vehicle's depreciated value. If you buy this add-on cover, the insurer will reimburse the total expenses incurred during an accident or mishap.
A Bharti AXA 0 dep bike insurance cover aids you in times when you are financially overwhelmed with damage expenses and are not in a place to pay for the additional depreciation costs of the vehicle. You would receive the complete reimbursement of the damages, including the depreciation.
Following are the benefits of the zero depreciation on Bharti AXA bike insurance cover:
The following table shows the depreciation rate on a bike with and without a zero depreciation cover in place:
Bike’s Age (in years) | Depreciation Rate Without Zero Depreciation Cover | Depreciation Rate With Zero Depreciation Cover |
Less than 1 | 5% | 0% |
1-2 | 10% | 0% |
2-3 | 15% | 0% |
3-4 | 25% | 0% |
4-5 | 35% | 0% |
5-10 | 40% | 0% |
10+ | 50% | 0% |
Bike Parts | Depreciation Rate With Zero Depreciation Cover | Depreciation Rate Without Zero Depreciation Cover |
Rubber/ Nylon/ Plastic parts | 0% | 50% |
Fiberglass parts | 0% | 30% |
Glass parts | 0% | Nil |
The Bharti AXA two-wheeler zero depreciation cover has the following inclusions:
The Bharti AXA two-wheeler zero depreciation cover has the following exclusions:
A Bharti AXA 0 depreciation bike insurance add-on cover is affected by the following factors:
You can buy the zero dep cover by Bharti AXA online or offline. This is a straightforward way to ensure that your vehicle is secure against unnecessary expenses arising out of the depreciated value that decreases with time.
The below-mentioned steps must be followed for buying a Bharti AXA bike with zero dep cover:
The Bharti AXA zero depreciation cover is an excellent option for buying an add-on for your base policy. This is because depreciation can rake up high costs, and paying that yourself could mean a lot of financial burdens. With Bharti AXA, you would receive prompt query resolution and 24/7 customer service. The company also provides complete information at the time of policy purchase and has full transparency toward its customers.
No, a third-party policy does not allow you to buy add-ons.
Yes, a zero dep add-on would also reimburse the policyholder for replacing parts damaged in an accident.
As a new driver, buying a zero depreciation cover would be fruitful as there are more chances of accidents happening with a new driver driving a vehicle.
Generally vehicles that are less than 5 years old are eligible for a zero dep cover. However, few companies offer the option to buy zero dep cover for older vehicles as well.
Yes, the fuel type used in your bike affects the premium of a zero depreciation bike cover.
How to Renew HDFC ERGO Two-wheeler Insurance Online?
Renewing an HDFC ERGO two-wheeler insurance policy is simple. To make a note of the considerations, you should...
Read MoreTerms and Conditions of Bike Insurance Add-on Covers
Insurance companies offer several add-ons to a two-wheeler insurance policy. Learn about their terms and condi...
Read MoreCommon Inclusions and Exclusions of Bike Insurance
Bike insurance immunes you financially against third-party claims, loss and damage to the two-wheeler, etc. Bu...
Read MoreA Guide to Royal Sundaram Bike Insurance Renewal Online
Riding a bike with a lapsed Royal Sundaram bike insurance policy can result in fines up to INR 2000 or impriso...
Read MoreBike Registration Transfer - Ownership Transfer Process, Fee...
Transferring the ownership of a two-wheeler and its registration certificate can be a tiresome process. The pr...
Read MoreHow to Check the Status of Two-wheeler’s PUC Certificate?
As per the Motor Vehicles Act, 1988, it is mandatory to get the PUC certificate. Now, we can apply, view, and ...
Read MoreAre Fibre Parts Covered Under a Bike Insurance Policy?
Not every bike insurance covers damage to bike fibre parts. A two-wheeler insurance policy with add-on zero-de...
Read MoreThe 3 Best Honda Activa Scooters Available Under INR 50,000
The Honda Activa series of scooters are among the most popular ones in India. Here are the 3 best Honda Activa...
Read MoreImportant Documents That You Must Have While Riding Your Bik...
While riding your bike, ensure you carry the necessary papers and documents mandated by the Motor Vehicles Act...
Read More