Starting at only ₹1.5 per Day*

Starting at only ₹1.5 per Day*
The insurer deducts the depreciation expense on your bike parts for damages to your bike. The zero depreciation bike add-on cover offsets such depreciation charges at the time of a claim settlement. This ICICI Lombard zero dep bike insurance add-on is available at an additional premium.
To those who own a new bike or an expensive sports bike, it is advisable to opt for ICICI Lombard zero dep two-wheeler insurance cover as it provides a complete coverage against the default depreciation applicable on your bike or scooter and its parts, which also helps you to receive a higher claim amount in return. On this page, find more details regarding the same.
At the time of claim settlement, you might know that the insurer deducts the depreciation value on your bike. The zero dep add-on of ICICI Lombard bike insurance cover is an add-on that can be opted with comprehensive and standalone bike insurance policies offered by ICICI Lombard General Insurance. This add-on gives you complete coverage without any deduction of the depreciation cost incurred by your two-wheelers.
Generally, the liability of depreciation costs incurred by the insured’s bike is applicable to the bike’s owner. However, by adding the ICICI Lombard zero dep bike cover, an insured can turn this burden towards the insurance company. With the option of zero depreciation add-on cover, the insured remains not liable to depreciation charges on replaced and repaired parts. And he gets the total claim amount without any deduction of depreciation expense.
ICICI Lombard Zero Dep Bike Insurance Policy offers mainly two benefits to the insured, including
Age of Bike | Rate of Depreciation Without Zero Depreciation Cover | Rate of Depreciation With Zero Depreciation Cover |
Up to 6 months | 0% | Nil |
6 months to 1 year | 5% | Nil |
1 year to 2 years | 10% | Nil |
2 years to 3 years | 15% | Nil |
3 years to 4 years | 25% | Nil |
4 years to 5 years | 35% | Nil |
5 years to 10 years | 40% | Nil |
Above 10 years | 50% | Nil |
Paint Work Rubber/Nylon/Plastic Parts, Tyres and Tubes, Batteries | 50% | Nil |
Fiberglass Parts | 30% | Nil |
The following points are included under an ICICI Lombard zero dep bike insurance policy:
The following are not included under an ICICI Lombard zero dep two-wheeler insurance policy:
Following factors need to be considered while availing ICICI Lombard zero dep two wheeler insurance policy:
A bike owner can buy the ICICI Lombard bike zero dep insurance online by the process given in the below-mentioned steps:
Instant service is offered by ICICI Lombard General Insurance when it comes to zero dep. The company with its quick and reliable customer care team will always assist and support you throughout the process.
Yes, as your second-hand bike is only 1 year old, you can opt for ICICI Lombard zero depreciation bike insurance along with your standard bike insurance policy.
ICICI Lombard General Insurance has more than 2500 network workshops to offer a cashless claim settlement service to its policyholders.
No, with a third-party bike insurance policy, ICICI Lombard General Insurance does not offer zero depreciation add-on cover.
Anyone who has bought a new or expensive bike should opt for ICICI Lombard zero dep bike insurance. Also, people whose bike parts are expensive are recommended to have the same.
If you own a basic bike policy from some other insurer, you can not buy the zero depreciation add-on from ICICI Lombard. To avail of the ICICI Lombard zero dep bike insurance, you must buy a basic ICICI Lombard bike policy, either a standalone or comprehensive plan.
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