Magma HDI Zero Depreciation Car Insurance

Your RTO details
RTO name
Contact No.
  • City & RTO
  • Car Brand
  • Car Model
  • Car Fuel Type
  • Car Variant
  • Registration Year
Looking for Car Insurance?
Compare & Save upto 85%* on Car Insurance
Magma Hdi Zero Depreciation Car Insurance
  • 4000 Cashless garages

  • 97.1% 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.

      Magma HDI Zero Depreciation Car Insurance

      A Magma HDI zero depreciation add-on cover can additionally be purchased with your Magma comprehensive car insurance policy. This add-on covers the cost of any depreciation borne by your car or its parts which is usually not covered under a standard comprehensive motor insurance policy.

      Read more

      Benefits of Magma HDI Zero Depreciation Insurance

      The value of a car starts to depreciate as soon it is taken out of the showroom. This depreciated value is deducted by your insurer at the time of claim settlement. With the help of a Magma HDI zero dep cover, a policyholder can get the whole claim amount without deducting the cost of depreciation borne by the insured vehicle. Some benefits of having a Magma HDI zero depreciation cover include:

      • No Out-of-Pocket Expenses: By purchasing a Magma zero depreciation add-on, you will not have to pay any depreciation-related expenses out of your pocket. All the expenses along with depreciation will be covered by your insurer.
      • Overall Protection: With Magma zero depreciation car insurance, you can get overall protection in case your car meets with an unforeseen incident. 
      • Easy Claim: Claiming under a Magma HDI nil depreciation cover is also very simple and easy. The company offers a timely and straightforward approach towards claim settlement.
      • Affordable Premium: The premium of a Magma HDI zero depreciation cover is also very affordable. By paying a small premium over your existing one, you can get your car fully covered with a zero dep cover.

      How to Buy Magma HDI Zero Depreciation Add-on Cover?

      You can buy Magma HDI zero dep add-on along with a comprehensive car insurance policy easily from Follow the steps given below:

      • Visit the homepage of
      • Select the 'Car Insurance’ from the 'Insurance Products' dropdown
      • Enter your car number and select the rest of the details of your car
      • From the given comprehensive car insurance plans, select Magma HDI car insurance plans
      • Now, add the 'Zero Depreciation' cover from the 'Add-ons and Accessories' dropdown
      • Once, you have selected the add-on, your premium will get updated accordingly
      • Now pay the premium amount via desired online mode of payment
      • Once you have paid the premium, you will be issued Magma HDI comprehensive car insurance policy along with zero depreciation cover.

      Magma HDI Zero Depreciation Car Insurance Claim Process

      Claiming for a Magma HDI zero depreciation car insurance is also very simple. Here is how you can claim with a Magma zero dep add-on cover:

      • Firstly, inform the insurance company about the damages sustained by your car
      • The insurance company upon intimation will register a claim under your plan
      • A surveyor will be appointed by the insurance company to estimate the cost of damages sustained by your car
      • The insured vehicle will then be sent for repairs to an authorised garage. 
      • Once the repairs are done, the insurer will directly settle the claim with the network garage
      • Since the policyholder has purchased a zero dep cover, the insurer will pay the full claim amount without deducting the depreciation. 

      Documents Required for a Magma HDI Zero Depreciation Car Insurance Claim

      The following documents are necessarily required to raise a claim under Magma HDI zero depreciation cover:

      • Magma HDI motor insurance policy papers
      • Valid driving license
      • Copy of Registration Certificate
      • Duly filled and signed claim form
      • Estimates of repair and bills of repair
      • Copy of Police FIR


      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Save upto 85% on Car Insurance
       Why buy from policybazaar

      Car insurance articles

      • Recent Article
      • Popular Articles
      17 Apr 2024

      Understand the Nitty-Gritty of Car Insurance Policy...

      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

      No Claim Bonus (NCB) is a reward given by an insurer to a

      Read more
      17 Jan 2024

      How to Choose the Right Car Insurance for Your First Car?

      Buying their first car is no less than a milestone unlocked for

      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 Number

      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.

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