Zuno Zero Depreciation Car Insurance

Owning a car is a significant investment for many Indian families and keeping it safe becomes the owner’s duty. One such protection your car can get is an Zuno(Formerly Edelweiss) zero depreciation cover. Read below to learn more.

Read more

No documents required Compare & Save upto 85%* on Car Insurance
Renew in 2 minutes*
Chose from 20+ insurers
51 lakh+ Cars insured

Compare & Save upto 85%* on Car Insurance

Cashless garages1500

Plans starting @₹ 1994

Claim settlement ratio

Claim settlement ratio 98%

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

About Zuno (Formerly Edelweiss) Zero Depreciation Car Insurance

Zuno General Insurance (formerly known as Edelweiss General Insurance) offers two types of plans - third-party insurance and comprehensive insurance.

Every car is subject to depreciation (regular wear & tear), which directly affects the insurance coverage. Zero depreciation cover is a popular vehicle insurance add-on that car owners can choose with their comprehensive car insurance policy. It transfers the risk of the car’s depreciation to the insurance company in exchange for a nominal insurance premium amount.

Who Can Buy Zuno (Formerly Edelweiss) Zero Depreciation Car Insurance?

  • New automobile owners
  • Owners of high-end motor vehicles with expensive parts
  • Residents of accident-prone areas
  • New motorists
  • Who drivesregularly

Zuno (Formerly Edelweiss) Zero Depreciation Car InsurancePolicy Benefits

  • Claims settled within a short period
  • 20 years of experience as an insurance company (offering reliability)
  • Special recognition and awards were received, like the SAP ACE award 2018
  • Customer care service is available 24*7
  • Special priority is given to service at network garages
  • Cashless claim settlement
  • Customization available

Other Benefits

Greater Claims Payments

When combined with a conventional comprehensive motor insurance plan, the zero depreciation cover helps consumers to get higher claim amounts. The policy transfers the obligation for depreciation costs from the insurer, indicating that Zuno General Insurance Ltd. (formerly known as Edelweiss General Insurance Ltd.) will be responsible for retirement payments.

Multiple Claims

During a policy term, a customer can make up to two claims for the Zuno (formerly Edelweiss) zero depreciation cover.

Zuno (Formerly Edelweiss) Zero Depreciation Car InsuranceClaim Settlement

The depreciation of a vehicle is mentioned on the policy document at the time of settling claims. As per the IRDA (Insurance Regulatory and Development Authority of India), the depreciation will be applicable for different parts of the car in the following manner-

  • For plastic, nylon, and rubber parts- 50% depreciation is applicable
  • For fiberglass components- 30% depreciation is applicable
  • For wooden & metallic parts- 5% in the first year, 10% in the second year, and so on

By opting for Zuno (formerly Edelweiss) zero depreciation cover, depreciation on the car parts will not be taken into the account during claim settlement. Hence, the claim amount is increased as wear & tear (depreciation factor) is eliminated during the claim payout.

Zuno(Formerly Edelweiss) Zero Depreciation Car Insurance FAQs 

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
 Why buy from policybazaar

Car insurance articles

Recent Articles
Popular Articles
How Long Can You Wait to File a Car Insurance Claim?

22 Mar 2023

When an unanticipated road accident occurs, filing a car insurance
Read more
How to Transfer Car Ownership Online?

20 Mar 2023

A car's ownership is usually transferred if the car is sold to a
Read more
About Hybrid Cars -Types, Advantages, Hybrid vs Electric Car

16 Mar 2023

Due to their diverse benefits such as lower fuel economy and low
Read more
Vehicle Scrappage Policy in India: All You Need to Know

15 Mar 2023

With an aim to phase out unfit and polluting vehicles, the
Read more
Planning To Cancel Car Insurance? – Here’s What To Know

28 Feb 2023

Though rare, car insurance cancellations are pretty much evident
Read more
Check Car Insurance Status Online on Parivahan Sewa/ RTO?
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
How to Find Car Insurance Details by Registration Number?
As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
Read more
Multiple Ways To Check Your Car Insurance Status Online
With everything going digital, checking vehicle insurance status online has become easier than ever. It not only
Read more
Transferring Car Insurance from One Person to Another
An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance
Read more

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