Bajaj Allianz Zero Depreciation Car Insurance

Your RTO details
RTO name
Code
City
Address
Pincode
Contact No.
  • City & RTO
  • Car Brand
  • Car Model
  • Car Fuel Type
  • Car Variant
  • Registration Year
Compare & Save upto 85%* on Car Insurance
Bajaj Allianz Zero Depreciation Car Insurance
  • 4000 Cashless garages

  • 98.5% Claim settlement ratio

  • Claims assured
Processing
    Other models
    Other variants
    Select your variant
    View all variants
      Secure
      We don’t spam
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      Bajaj Allianz Zero Depreciation Car Insurance

      Bajaj Allianz zero depreciation car insurance is a motor insurance policy that includes zero depreciation add-on cover. Zero depreciation cover is an add-on cover available with Bajaj Allianz Car Insurance that ensures no amount of depreciation is considered while calculating the IDV (or Insured Declared Value) of a car or during the settlement of claims. It ensures that the Bajaj Allianz General Insurance Company provides coverage against the depreciation applicable to the value of the car and its parts according to the vehicle’s age.

      Read more

      In other words, Bajaj Allianz zero depreciation car insurance prevents a car from losing its value due to depreciation. It enables the car owner to get an IDV equivalent to the current selling price of the vehicle as listed by the manufacturer despite an increase in its age. Therefore, zero depreciation add-on cover is also known as nil depreciation cover or bumper-to-bumper car insurance.

      A Bajaj Allianz car insurance policy will reimburse the depreciation value of the insured car and its parts only if the car owner buys zero depreciation add-on cover by paying an additional premium amount. Moreover, zero depreciation cover is only available under Bajaj Allianz comprehensive or standalone own damage car insurance and not under third party car insurance.

      Benefits of Buying Bajaj Allianz Zero Depreciation Car Insurance

      Here are some of the benefits of buying Bajaj Allianz zero depreciation car insurance:

      • Covers Out-of-Pocket Expenses - It prevents a car owner from incurring out-of-pocket expenses at the time of claim as the Bajaj Allianz General Insurance Company covers the depreciation value of the insured car and its parts
      • Provides Higher Claim Amount - It offers a higher claim amount to the car owner as no money amounting to depreciation is deducted from the value of the car or its parts. As a result, the IDV increases and the policyholder is able to get a higher claim amount in the event of theft or total loss claims.
      • Expands Policy Coverage - It expands the coverage level of a Bajaj Allianz car insurance policy as it provides coverage for the amount of depreciation applicable to the insured car as well as its parts.
      • Saves Money - It allows the car owner to save money and prevent a financial loss as he/she does not have to pay any money towards depreciating value of the car and its parts.

      Special Conditions Applicable to Bajaj Allianz Zero Depreciation Car Insurance

      The zero depreciation cover under Bajaj Allianz car insurance comes with certain special conditions. They are as follows:

      • Age Restriction - Zero depreciation car insurance is available only for cars up to three or five years of age.
      • Approved Garages - The zero depreciation car insurance will reimburse the depreciating value of the car, provided the insured car is being repaired at an approved garage of Bajaj Allianz General Insurance Company.
      • Number of Claims - The Bajaj Allianz zero depreciation car insurance allows for a maximum of two zero depreciation claims in a policy year.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Save upto 85% on Car Insurance
       Why buy from policybazaar
      Claim Assurance Program

      Car insurance articles

      • Recent Article
      • Popular Articles
      11 Jun 2024

      How to Check Car Owner Details By Registration...

      Scenarios like hit-and-run accidents or purchasing a second-hand

      Read more
      21 May 2024

      Get Faster Claim Settlement with Policybazaar...

      Getting your car insurance claim settled is no longer a hassle

      Read more
      17 Apr 2024

      Understand the Nitty-Gritty of Car Insurance...

      Have you recently purchased a car insurance policy for your new

      Read more
      22 Feb 2024

      IDV in Car Insurance

      In layman's terms, the IDV full form is the Insured Declared Value

      Read more
      31 Jan 2024

      Must-Have Car Insurance Addons for Brand New Cars

      Investing in a full-coverage car insurance policy is essential for

      Read more
      11 Aug 2021

      How to Check Car/Vehicle Insurance Status Online

      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your vehicle must

      Read more
      20 Jun 2019

      Getting Your Duplicate Car Insurance Policy is...

      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your

      Read more
      20 Dec 2021

      How To Find Car Insurance Details By Registration...

      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access

      Read more
      03 Jun 2016

      How to Transfer Car Insurance Policy?

      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer

      Read more
      20 Jul 2017

      Comprehensive Insurance Vs Third Party Insurance

      Comprehensive car insurance offers protection to the insured car against third-party liabilities and own damages due

      Read more

      #Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc

      *Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.

      ##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.

      top
      View Plans
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL