Bajaj Allianz Zero Depreciation Car Insurance

Get Car Insurance starting at only ₹2,094/year #
Car Insurance
Processing

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

  • 4000 Cashless garages

  • Claim assured certificate
  • 98.5% Claim settlement ratio

Car Insurance

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Email
      Mobile No.
      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.

      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

      Car insurance articles

      Recent Articles
      Popular Articles
      IDV in Car Insurance

      22 Feb 2024

      In layman's terms, the IDV full form is the Insured Declared Value
      Read more
      Must-Have Car Insurance Addons for Brand New Cars

      31 Jan 2024

      Investing in a full-coverage car insurance policy is essential for
      Read more
      No Claim Bonus (NCB) in Car Insurance

      29 Jan 2024

      No Claim Bonus (NCB) is a reward given by an insurer to a
      Read more
      How to Choose the Right Car Insurance for Your First Car?

      17 Jan 2024

      Buying their first car is no less than a milestone unlocked for
      Read more
      Things To Know Before Purchasing Sedan Car Insurance

      12 Dec 2023

      The type of four-wheeler you purchase also impacts its insurance
      Read more
      Check Vehicle or Car Insurance Status/Validity Online
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months; your car must be
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      Find Car Insurance Details By Registration Number
      Sometimes, you may face situations when you need car insurance or vehicle owner details but cannot readily access
      Read more
      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
      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.

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