HDFC ERGO Zero Depreciation Bike Insurance Policy

HDFC ERGO zero depreciation allows the policyholder to raise a claim for the original value of their two-wheeler without getting affected by any depreciation factor. Usually, it is an add-on cover that you can buy with your comprehensive or standalone own-damage bike insurance policy at a nominal premium.

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HDFC ERGO Zero Deprecation Eligibility Criteria

Here are some pointers that you have to keep in mind to avail benefits of HDFC ERGO zero dep cover for a bike insurance policy- 

Criteria Specifications
Availability  For two-wheelers not more than five years old
Number of claims Can raise up to 2 times during the policy tenure
Condition of the vehicle  Cannot avail benefit when the bike is a total loss or damaged entirely

Benefits of Buying HDFC ERGO Zero Depreciation Policy

HDFC ERGO zero depreciation policy is a beneficial additional coverage that offers you multiple benefits-

  1. Receive the Full Claim Amount

    When you opt for this add-on cover, no depreciation is applied while paying the claim amount and you will receive an entire claim amount.

  2. Higher Compensation

    When you buy zero dep cover, no depreciation shall be imposed on your claim amount; hence, it will help you get higher compensation than usual. 

*Note- For other benefits, you can check the policy wordings available in the official website of the HDFC ERGO General Insurance Company.

HDFC Zero Depreciation Bike Insurance vs Comprehensive Bike Insurance

Here is a table showing how depreciation is applicable on your two-wheeler with and without zero depreciation cover-

Bike’s Age Zero-dep Bike Insurance Policy Comprehensive Bike Insurance
Less than 6 months  0% 0%
6 months – 1 year  0% 5%
1 – 2 years  0% 10%
2 – 3 years  0% 15%
3 – 4 years 0% 25%
4 – 5 years 0% 35%
5 – 10 years 0% 40%
More than 10 years 0% 50%
Parts of a Bike Depreciation Rate with Zero Dep Cover Depreciation Rate without Zero Dep Cover 
Rubber/nylon/plastic parts 0% 50%
Fiber glass parts 0% 30%
Glass parts  0% 0%

Inclusions of HDFC ERGO Zero-depreciation Bike Insurance Policy

With the HDFC ERGO bike insurance policy with zero-depreciation cover, the policyholders can avail of the following benefits-

  • The repair and replacement cost of the damaged bike’s part shall be compensated to the insured at the time of claim settlement.
  • Compensation for depreciation parts is offered for nylon, fiberglass, plastic parts, and rubber.
  • The HDFC ERGO zero depreciation bike insurance policy covers the loss or damages caused to bikes due to several natural calamities and man-made disasters.

Exclusions of HDFC ERGO Zero-depreciation Bike Insurance Policy

The following instances remain uncovered under an HDFC ERGO zero-depreciation cover-

  • Loss due to technical or mechanical breakdown.
  • Total loss or damage of the two-wheeler.
  • Loss or damages caused to the uninsured items of the two-wheeler like tyres, bi-fuel kits, and gas kits.

*Disclaimer: To understand the exact coverage under HDFC ERGO zero depreciation cover, kindly refer to the policy wordings available on the official website of HDFC ERGO General Insurance Company.


Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 55 Reviews)

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HDFC ERGO Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.4 / 5 (Based on 55 Reviews)
(Showing Newest 10 reviews)
Habra, January 29, 2021
Easy to Renew
The two wheeler insurance policy for my TVS Apache bike was getting expired. I decided to give Policybazaar a try and was happy with the services they offered. I only had to enter a few details and my policy was renewed within no time. Even the payment was made online which made the process convenient. Recommend to all.
Trichy, January 29, 2021
Impressive Services
I was looking to buy two wheleer insurance for my Bajaj Pulsar bike. My sister suggested to try Policybazaar and I was happy with the plan options they had. I was able to choose HDFC ERGO plan as it suited my budget and offered my preferred coverage. The premium was easily paid online and I received my policy quickly. Happy with the services.
J.n.prasad, January 29, 2021
Faster Process
I recently purchased an HDFC ERGO two wheeler insurance at Policybazaar for my TVS Jupiter scooty. They had several options from different insurance companies. I could compare them all based on their premium and the coverage benefits. I found HDFC ERGO most suitable and purchased it within a few minutes.
Aallapalli, July 02, 2020
24 hours policy
Recently, I purchased the two wheeler policy from policybazaar and it was immediate basis. Everything was done vey quickly and within a day my policy related work was done.
Faizabad, July 01, 2020
I want to share my experience with hdfc ergo and policybazaar. Both the companies are very good with respect to plans and services.
Adoor, June 30, 2020
I purchased the two wheeler policy from policybazaar and they are very transparent to their work. They told me each and every thing related to the policy. I am happy.
R.g.pur, June 29, 2020
Great Coverage
The coverage and the benefits provided in the policy is very nice. It covers major things which actually a policyholder wants.
Agartala, June 29, 2020
Easy and quick renewal
I like the system of renewal of policy. It was real quick. And also I got the notifications from policybazaar for the renewal.
Chabhal, June 21, 2020
Pay online
With the help of digitization I can purchase the policy from anywhere and I can make the payment at anytime. Thanks team.
Machalisahar, June 21, 2020
Low prices
As I searched for the two wheeler policy plan from policybazaar website I came to know that it provide low premium rate. Compared and found best plan.