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

Kotak Mahindra Zero Depreciation Car Insurance

The value of every product you purchase depreciates with time because of the general wear and tear. This devaluation is known as depreciation.

Read more

  • 2327 Cashless garages

  • Plan starting @ ₹2094#

  • 98% Claim settlement ratio

#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
      Mobile No.
      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..

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

      The same thing happens with your car’s value, with time the market value of the car decreases as well as affects your claim amount. It is an add-on under car insurance that provides you 100% cover for your car’s fiber, metal, and rubber parts. However, it does not provide cover for the mechanical breakdown, engine damage, etc.

      Benefits of Kotak Mahindra Zero Depreciation Add-On

      Kotak Mahindra Zero-Depreciation add-on cover comes with a set of benefits. They are as follows:

      • Better Claim Amount: It exempts you from bearing the depreciated cost liability. This add-on offers higher claim amount to the policyholder. When the policyholder purchases this add-on, it shifts the depreciation cost liability from himself to the insurance company.
      • Cover for Rubber: Kotak Mahindra car insurance provides cover for the rubber parts as well as other parts at 100%. This add-on provides cover for tyre and tubes along with the fibre, metal and plastic parts.

      Applicable Car Depreciation Rate With & Without Kotak Mahindra Zero-Depreciation Cover

      Below is a table showcasing the rate of depreciation that would be applicable with and without a zero depreciation cover:

      Age of Car Depreciation Rate Without Kotak Mahindra Zero Depreciation Cover (In Percentage) Depreciation Rate With Kotak Mahindra Zero Depreciation Cover (In Percentage)
      Less than six months 0 0
      6-12 months 5 0
      1-2 years 10 0
      2-3 years 15 0
      3-4 years 25 0
      4-5 years 35 0
      5-10 years 40 0
      Over 10 years 50 0

      Factors Affecting Kotak Mahindra Zero Depreciation Cover

      Here are some of the factors that affect the Kotak Mahindra Zero Depreciation cover:

      • Eligibility: If you have modified your car then you cannot purchase a zero-depreciation add-on cover
      • Car Part Availability:Zero-depreciation cover is not available if a particular car part of your car that need to be changed is not available in the market.
      • Age of Car: Kotak Mahindra zero-depreciation add-on cover is only available for the cars up to 3 years of age.

      Claim Process for Kotak Mahindra Zero-Depreciation Cover

      Kotak Mahindra Zero-depreciation car insurance claim process is very easy and the policyholder can go for both cashless as well as reimbursement processes. In order to raise the claim for zero depreciation, you have to keep the following documents handy.

      • Policy papers
      • A valid driving license
      • Registration certificate of the car
      • Claim form
      • FIR (If there was a need to file one in your case)
      • An estimated repair cost or expense bill invoice

      Once you have the above-mentioned document ready, you can follow the steps mention below to initiate your claim process:

      • Inform your insurer immediately
      • Fill the form properly and make sure you have not filled wrong information
      • The company will send some inspector to do a survey.
      • Once the inspection is done, take your car to one of the network garages nearby
      • After the repairing of the car, the insurer will settle a cashless claim or reimbursement.


      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
       Why buy from policybazaar

      Car insurance articles

      Recent Articles
      Popular Articles
      Importance and Benefits of Comprehensive Car Insurance Policy

      20 Sep 2023

      Having third-party car insurance is mandatory as per the motor
      Read more
      5 Common Myths About Buying Motor Insurance

      13 Sep 2023

      When buying car insurance, it is essential to have a thorough
      Read more
      Lesser Known Motor insurance Add-ons

      13 Sep 2023

      While popular add-ons like Engine Cover, Zero Dep, and Return to
      Read more
      Essential Tips To Take Care Of Your Car's Engine

      07 Sep 2023

      As much as the heart is a vital organ for your body, the engine is
      Read more
      What Should You do in Case of a Car Accident?

      07 Sep 2023

      Its said that your safety is in your hands. As a driver, if you
      Read more
      Check Vehicle/Car Insurance Status Online on Parivahan Sewa, Vahan, IIB & 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
      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
      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 Transfer Car Insurance Policy?
      An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance
      Read more
      Vehicle Scrappage Policy in India: All You Need to Know
      With an aim to phase out unfit and polluting vehicles, the Government of India has rolled out Vehicle Scrappage
      Read more

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