Kotak Mahindra Zero Depreciation Car Insurance

Your RTO details
RTO name
Contact No.
  • City & RTO
  • Car Brand
  • Car Model
  • Car Fuel Type
  • Car Variant
  • Registration Year
Compare & Save upto 85%* on Car Insurance
Kotak Mahindra Zero Depreciation Car Insurance
  • 2327 Cashless garages

  • 98% Claim settlement ratio

  • Claims assured
    Other models
    Other variants
    Select your variant
    View all variants
      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.

      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

      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
      Save upto 85% on Car Insurance
       Why buy from policybazaar
      Claim Assurance Program

      Car insurance articles

      • Recent Article
      • Popular Articles
      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
      29 Jan 2024

      No Claim Bonus (NCB) in Car Insurance

      A no claim bonus is a reward or discount offered by car insurance

      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.

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