Kotak Mahindra Zero Depreciation Bike Insurance Policy

TKotak Mahindra Zero Depreciation Bike Insurance Policy offers the policyholders an opportunity to save themselves from not paying for the depreciation of their bike. Insurance companies charge depreciation costs for a two-wheeler's gradual wearing out. The policyholders are required to pay a higher amount of depreciation charges if the bike ages for a longer time. Therefore, the zero-depreciation add-on helps policyholders reduce the overall cost of maintenance if the bike is prone to accidents. However, the add-on is applicable for the first two claims only during the policy period.

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The policyholders must pay a 15% to 20% extra premium for availing of the depreciation cover add-on. However, the increased cost will compensate for the overall cost of maintenance as the insured will continue using the bike for long-term perspectives.

Benefits of Kotak Mahindra Zero Depreciation Bike Insurance Policy

Kotak Mahindra Zero Depreciation Bike Insurance Policy offers coverage for the following:

  • New or Luxurious Bikes
  • The bike has expensive spare parts
  • The rider lives in an accident-prone area

The Kotak Mahindra Zero Depreciation Bike Insurance Policy does not charge any depreciation cost for the bike's metal, fibre and rubber parts. The depreciation is not charged for an oil leak, mechanical breakdown, water ingression, oil change, or others, per Section I of the policy.

Additionally, It also offers the option of voluntary deductibles for certain exceptions. In such cases, if the policyholder opts for voluntary deductions, they will be liable for discounts as applicable. For further clarification, please find the table below:

Voluntary Deductible


INR 1,000

Up to 10% of OD premium subject to a maximum INR 500

INR 2,000

Up to 15% of OD premium is subject to a maximum of INR 750

INR 3,000

Up to 20% of OD premium subject to a maximum of INR 1,000

Depreciation Rate Applicable on Two-Wheeler With and Without Zero Depreciation Add-on

With zero depreciation cover, Kotak Mahindra General Insurance Company Ltd. offers higher benefits than the a comprehensive bike insurance policy without zero depreciation cover as below:

Bike’s Age

With Zero-Dep Add-on

Without Zero-Dep Add-On

Less than 6 months



More than six months but less than one year



More than one year but less than two years



More than two years but less than three years



More than three years but less than four years



More than four years but less than five years



More than five years but less than ten years



More than ten years



Exclusions Under the Kotak Mahindra Zero Depreciation Bike Insurance Policy

Kotak Mahindra Zero Depreciation Bike Insurance Policy will not provide coverage in the following cases:

  • It will not cover in case of parts, sub-parts, or accessories that are not approved in the company policy documents of the insurance.
  • In case of complete loss of insured vehicles
  • In case the loss is covered under the warranty of the manufacturer or any other such packages.
  • If the damage or loss of the vehicle is notified after 30 days of the incidence

Kotak Mahindra Zero Depreciation Bike Insurance Policy is effective for bike owners who invest considerable money and effort in maintaining their bikes. The insurance can seem expensive from a short-term perspective; however, it saves a lot of maintenance and repair costs in the long-term. The add-on cover is a benefit offered along with the base policy purchased, or you can also purchase it exclusively.



Written By: PolicyBazaar - Updated: 06 January 2022

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