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Zero Depreciation in Bike Insurance

Bike parts, especially the outer body and plastic components, tend to wear out quickly due to frequent use, bad roads, weather changes and minor accidents. In a regular bike insurance policy, these parts lose value over time due to depreciation, meaning you don’t get the full claim amount during repairs. This often leaves you paying a significant portion of the repair bill out of pocket—even if your bike is insured. That’s where a Zero Depreciation Cover becomes essential.

Imagine your bike skids during a rainy ride, causing scratches on the side panels and damage to the indicators. Even though you have insurance, without Zero Depreciation, the claim will be reduced because of the age and wear of these parts. You’ll still have to cover the rest from your own pocket.

With Zero Depreciation Cover from IndusInd General Insurance (formerly Reliance General Insurance), your full repair cost is covered — no deduction for part wear and tear. Enjoy benefits like full claim payout on replaced parts, faster claim processing, and support from our 11,000+ authorised network garages* across India. With this add-on, your bike stays protected without burning a hole in your wallet.

How Does Zero Depreciation in Bike Insurance Work?

Zero Depreciation, also known as Nil Depreciation or Bumper-to-Bumper cover, is an add-on that ensures no deduction is made for depreciation on bike parts during claim settlement. Normally, insurers reduce the claim amount based on the age and wear of parts like plastic, rubber or metal. With this add-on, you receive the full cost of repairs or replacements, without any depreciation cut.

For example:

Suppose your bike gets damaged in a minor accident and the repair estimate is ₹10,000.

Without Zero Depreciation: You may receive only ₹7,000 after depreciation deductions.

With Zero Depreciation: You get the full ₹10,000, subject to policy terms and deductibles.

This add-on is especially valuable for new or high-end bikes, as it reduces out-of-pocket expenses significantly and helps maintain the bike in top condition without financial strain.

Benefits of Zero Depreciation Add-On

Protects Costly Spare Parts

Premium bikes often use special alloy wheels, LED headlamps, or high-grade plastic body panels. These parts degrade quickly but are expensive to replace. Zero Depreciation means you won’t bear the cost of their wear-and-tear loss when making a claim.

Reduces Out-of-Pocket Costs

Because IRDAI-mandated depreciation on plastic/rubber parts is 50%, many bike owners may end up paying a significant portion of the repair cost out of pocket when those parts are replaced. With Zero Dep, you avoid these deductions, keeping more money in your pocket.

Ideal for New Bikes & High-End Models

Newer or premium motorcycles (with features like alloy rims, fuel injection, tubeless tyres) can have replacement parts costing ₹5,000‑₹15,000+ each. Depreciation for such parts can eat a large chunk of your claim if Zero Dep is not opted for.

Full Benefit for Plastic & Rubber Components

Items like mudguards, switchgear, grips, or footrests may have high depreciation rates due to weather or wear. Zero Dep ensures these are fully covered without reduction based on age or condition.

Frequent Repairs, Less Financial Strain

If you ride daily in city traffic, where minor scratches or hits are common, each repair without Zero Dep means a depreciation cut. Over a year, these add up; the cover makes frequent small claims more affordable.

Transparent Claim Settlement Process

Because depreciation isn’t calculated for many parts, the claim becomes simpler. Less negotiation or dispute happens over how much value to deduct—leading to faster settlements and less stress for you.

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Who Should Buy Zero Depreciation Cover?

New bike owners: Ideal for those who’ve recently purchased a new two-wheeler, as it ensures maximum claim value without depreciation cuts.

Owners of premium or expensive bikes: Repairing or replacing costly parts like fairings, alloys and LED units can be expensive—zero dep helps save big.

Riders in accident-prone areas: If you commute in busy city traffic or on accident-prone highways, this add-on is highly recommended.

First-time riders: Beginners are more likely to face minor damages or accidents; this cover ensures they don’t lose out financially.

Long-term planners: Those who want to maintain their bike’s resale value benefit as claims are settled with minimal out-of-pocket costs.

Zero Depreciation Add-On: Inclusions and Exclusions

What is Covered?

Accidents and Collisions: Repair and part replacement costs for your bike resulting from accidents and collisions are fully covered.

Damage Due to Disaster: Bike parts damage due to natural disasters, such as floods, earthquakes, storms, and hailstorms, is covered. We reimburse the full cost of parts repair and replacement.

Man-made Damage: Damage resulting from man-made events such as vandalism, riots, or malicious acts is included within the zero depreciation coverage, providing comprehensive protection.

What is not Covered?

Regular Wear and Tear: While we fully cover accidental damage, routine service costs that arise from regular use are excluded.

Law Violation: Claims arising from the bike being involved in illegal activities are not covered.

Disclaimer: For the complete list of Inclusions and Exclusions, please refer to the policy wording here

Depreciation Rate on Bike Parts: With vs Without Zero Depreciation Cover

Based on Bike’s Age:

Bike’s Age	Without Zero Dep (%)	With Zero Dep (%)
Less than 6 months	50%	0%
6 months to 1 year	15%	0%
1 to 2 years	20%	0%
2 to 3 years	30%	0%
3 to 4 years	40%	0%
4 to 5 years	50%	0%

Based on Bike Parts:

Parts of Bike	Without Zero Depreciation	With Zero Depreciation
Glass parts	Nil	0%
Fibreglass Parts	30%	0%
Rubber/Nylon/Plastic Parts	50%	0%
Paintwork	15% (on the total paint cost)	0%

Things to Remember Before Buying Zero Depreciation

We allow only 1–2 zero depreciation claims in a policy year. Beyond this limit, normal depreciation rules will apply to further claims.

Zero depreciation cover is usually available only for bikes up to 7 years old*. If your bike is older, you may not be eligible for this add-on.

The add-on covers plastic, rubber, and fibre components that usually depreciate faster. However, parts like tyres and batteries are often excluded, so check the fine print.

You can buy zero depreciation cover only with a comprehensive insurance policy. It is not available with third-party liability plans.

Regular wear and tear, mechanical or electrical breakdowns, and damages from illegal modifications are not covered under this add-on.

How to Buy/Renew Zero Depreciation Cover Online?

Buying Process

Go to the form above and enter your bike’s registration number. You can also get a quote using our calculator below.

Choose your preferred IDV and add-ons – make sure to tick the zero depreciation add-on option.

Review the policy details and premium. You can use the calculator below to check quotes.

Click “Buy Now” and complete payment. Your policy with the zero dep add-on will be sent instantly.

Renewal Process

Enter your registered mobile number or existing policy number on the form on top. Or log in to your Self-i app.

Add your bike’s details like the chassis number, engine number, or registration number, and policy details.

Select the Zero Depreciation add-on along with any other add-ons you need to add to your policy.

Review your updated bike insurance premium, then complete the payment online to renew instantly.

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How to Claim Zero Depreciation Cover?

Cashless Claims

Step 1

Inform us within 24 hours by calling +91-22-48903009, using the Self-i app, or through our claim portal.

Step 2

Take your bike to one of our authorised network garages for inspection. Use the widget below to find the nearest network garage.

Step 3

Our surveyor will visit the garage to inspect the tyre damage and approve the repair or replacement.

Step 4

Get your bike repaired or replaced at the garage. We will directly settle the approved claim amount with the garage.

Step 5

You only need to pay for uninsured parts, deductibles, or depreciation (if applicable).

Guidelines

Step 1

Notify us within 24 hours through our helpline, Self-i app or claim portal.

Step 2

Take your bike to any garage of your choice for repair or replacement. Pay the bill upfront.

Step 3

Fill out the claim form, attach invoices, receipts, and other required documents, and submit them online or offline.

Step 4

Our team will verify your documents and assess the claim as per policy terms.

Step 5

Once approved, we will reimburse the claim amount directly to your registered bank account.

Disclaimer: For precise claim-related information, please refer to our policy documents or get in touch with our customer helpline

Difference Between Comprehensive Bike Insurance vs Zero Depreciation Bike Insurance

Aspect	Comprehensive Bike Insurance	Zero Depreciation Bike Insurance
Coverage	Covers third-party liability + damages to your own bike due to accidents, theft, fire, or natural calamities.	Offers all bthe enefits of a comprehensive policy, plus ensures full claim amount without deducting depreciation on bike parts.
Depreciation Deduction	Depreciation is applied on plastic, fibre, and rubber parts, reducing the claim amount.	No depreciation is deducted on covered parts; you get a higher settlement.
Premium Cost	Lower compared to zero depreciation policies.	Higher premium because of additional protection.
Claim Amount	You may have to pay part of the repair cost out of pocket (due to depreciation).	Insurer pays the full repair/replacement cost of covered parts, reducing your out-of-pocket expense.
Eligibility	Available for bikes of all ages (subject to insurer’s terms).	Usually available for bikes up to 7 years old*.
Best Suited For	Riders seeking balanced coverage at a reasonable cost.	New bike owners or those with high-end bikes wanting maximum protection from repair costs.

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Features	Features	Features
Premium starting at	Premium starting at	Premium starting at

Key Takeaways

Repairing a bike after an accident can be costly, especially when depreciation cuts reduce your claim payout. Parts like plastic panels, rubber grips, fibre mudguards, or metal components attract depreciation deductions of up to 50% as per IRDAI norms, which means you end up paying a significant amount from your own pocket.

A Zero Depreciation Cover from IndusInd General Insurance (formerly Reliance General Insurance) shields you from these losses. With this add-on, you get the full claim amount without deductions for depreciation, helping you recover maximum repair costs—whether it’s a broken headlamp, damaged fairing, or dented fuel tank.

The cover is especially useful for new or high-end bikes with expensive spares. It also makes the claims process smoother, as you won’t need to negotiate depreciation values. Combined with fast claims through the Self-i app, access to cashless repairs at 11,000+ authorised garages* and 24/7 support, this add-on ensures your post-accident experience is easier, quicker, and lighter on your wallet.

Bike insurance starting at just ₹19 per month*!

One Click = 100% Protection

Don’t let depreciation eat into your claim amount every time you repair your bike. Choose our Zero Depreciation cover and enjoy maximum protection with minimum out-of-pocket costs.

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Frequently Asked Questions (FAQs)

What is zero depreciation cover in bike insurance?

Zero Depreciation Cover is an add-on to your standard bike insurance policy. It ensures that when you file a claim, you get the full cost of repairing or replacing damaged parts—without any deduction for depreciation (wear and tear). This includes parts like plastic panels, rubber components, metal parts, etc., which usually attract a 30–50% cut during claim settlement in a normal policy.

Is it worth it to take zero depreciation?

Yes, it is worth it—especially if your bike is new, premium, or used frequently in busy or rough road conditions. With Zero Depreciation Cover, you save money on repair bills because the insurer pays the full cost for parts without reducing it due to age or usage. Over time, this can lead to significant savings and reduce out-of-pocket expenses.

Can I get zero depreciation bike insurance beyond 5 years?

With IndusInd General Insurance, yes. We offer this add-on for vehicles up to 7 years of age.

What is IDV in bike insurance?

IDV stands for Insured Declared Value. It is the current market value of your bike and the maximum amount your insurer will pay in case of total loss or theft. IDV decreases every year as your bike ages. Choosing the right IDV ensures you are neither underinsured nor overpaying on your premium.

Does zero dep cover tyres?

No, Zero Depreciation Cover usually does not cover tyres. Tyres are considered separate consumable parts and are often excluded. However, you can opt for a Tyre Protection Cover as an additional add-on to ensure tyres are covered for damage due to potholes, punctures, or bursts.