National Insurance Zero Depreciation Bike Insurance Policy

Depreciation is the gradual decrease in the monetary value of a bike over time. The depreciation cost of a bike has to be borne by its owner. at the time of claim settlement as the insurance company deducts the bike's depreciation costs from the claim amount. However, the policyholder can shift the burden of bearing depreciation cost to the insurance company via a zero depreciation cover.

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National Insurance Zero Depreciation Bike Insurance Add-on Cover

National Zero Depreciation Bike Insurance policy offers comprehensive two-wheeler insurance coverage with zero depreciation add-on cover. It covers the insured bike against third party liabilities and own damages without considering depreciation. The enhanced cover doesn't let the National Insurance Company Limited charge the depreciation amount from the policyholder as it provides coverage for the repair and replacement of the insured bike and its parts.

The National Zero Depreciation Bike Insurance allows the policyholders to claim maximum claim benefits with no deductions. However, the zero depreciation cover needs to be purchased under the bike insurance policy on payment of an additional premium amount.

People who have luxury two-wheelers with expensive parts and who live in accident-prone areas should go for the zero dep add-on cover under their National two wheeler insurance policy. People with new bikes should also opt for this add-on cover.

Benefits of National Zero Depreciation Add-on Cover

 The benefits of getting two-wheelers insured under the National Zero Depreciation Bike Insurance policy are:

1. Higher Claim Value: In the case of a standard National bike insurance policy, the claim value depends on various factors like the depreciation value of the bike parts. Under zero depreciation add-on cover, the policyholder only needs to pay some extra premium to enjoy the maximum claim value of the bike insurancepolicy. There are no deductions due to the depreciation on the two-wheeler’s value with the zero depreciation add-on cover.

2. Lowers Out-of-Pocket Expenses: In a standard two wheeler insurance policy, the policyholderhas to pay more for the repair of the bike or its parts as not the claim amount reduces due to depreciation. But under a zero depreciation bike policy, the National Insurance Company pays for the repair and replacement of the bike, thereby, reducing the out-of-pocket expenses of the policyholder. It is more beneficial for high-end bike owners as the repair of luxury bike parts is expensive.

3. Monetary Benefits: The policyholder saves money on the repair costs of theinsured two-wheeler as the maximum claim amount is higher in the case of a zero depreciation bike insurance policy. 

Depreciation Rates Applicable on Bikes With and Without Zero Depreciation Add-on Cover

Age of the Bike             

Rate of Depreciation without Zero Depreciation Cover

 Rate of Depreciation with Zero Depreciation Cover

Under 6 months

Nil

0%

6 months to 1 year

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%

Above 10 years

50%

0%

Depreciation Rates Applicable on Bike Parts with and without Zero Depreciation Add-on Cover

Part of Bike

Rate of Depreciation without Zero Depreciation Cover

Rate of Depreciation with Zero Depreciation Cover

Rubber/ Plastic/ Nylon parts

50%

0%

Fiberglass parts

30%

0%

Glass parts

Nil

0%

Factors Affecting the Zero Depreciation Cover of National Bike Insurance

Factors that affect the zero depreciation bike insurance policy by the National Insurance Company are: 

1. The zero depreciation can be claimed only twice by the policyholderduring a policy year.

2. The maximum age of the bike to avail of the zero depreciation policy is 2 years.

3. The bike's normal wear and tear do not come under the scope of zero depreciation cover of National Insurance Company L

4. The zero depreciation add-on cover of the National Insurance Company does not cover total loss or damage beyond the repair of the bike.

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National Insurance Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 45 Reviews)
(Showing Newest 25 reviews)
Pradeep
Agra, October 09, 2021
Good features
I have saved my savings from getting wasted in unwanted expenses. I took National Two Wheeler Insurance for my bike and It provided me the facility of cashless repair in case of damage to the insured bike due to an accident.
Harish
Nashik, October 09, 2021
Add on cover
Customization is the best option on the website of Policybazaar. After comparison I bought national two wheeler insurance and with add ons I added additional features under it. I really liked the coverage that is provided in my plan.
Rimzhim
Ghaziabad, August 18, 2021
Easy payment mode
I have seen so many deals on the various website then i bought a national insurance plan for my vehicle from policy bazaar. i am so satisfied and happy with the services of policy bazaar.online procedure was smooth and making payment was easy.
Ritish
Ludhiana, August 18, 2021
faster claim settlement
I got low cost plan for my two wheeler from National two wheeler insurance which i took from policy bazaar. they are providing me faster claim settlement under my plan.i do not need to go anywhere to track my status i can do this from home itself.
Sakshi
Agra, August 18, 2021
Best deals
I was not satisfied with my previous policy and I talked to my friend about this and my friend suggested me to switch your plan and buy from policy bazaar, you will like their plans.now i am satisfied with my new plan.
Sohan
Gadag, May 10, 2021
Quick and easy claiming process
I was looking for a two wheeler insurance policy for my bajaj pulsar 125. I wanted to purchase a policy which does not require me to run around to get the claiming done. I ended up purchasing the National two wheeler insurance policy because the promise to provide quick claiming process. Thanks team
Divesh
Faridabad, May 10, 2021
Low premium rates
I recently bought a Honda active and I was looking to purchase a two wheeler insurance policy. I went online and went on the policybazaar website. I was amazed to see so many insurance policies and I chose the national two wheeler insurance policy because it fit my budget and the premium rates were low. Thanks guys.
Roma
Hadol, May 10, 2021
Good coverage
I was looking for a two wheeler insurance policy for my Honda shine. I purchased the bike recently and I wanted a policy that could provide cover in case of accident happens. I went on policybazaar and I bought national two wheeler insurance policy because it fit my needs. Thanks team
Rohit
K.c. Pur, March 19, 2021
Numerous Methods to Make Online Payment
I purchased National Two-Wheeler Insurance for my Bajaj Pulsar 150CC bike through policybazaar.com. First of all, I want to say that despite being new at online purchase I did not find any difficulty in online purchase of bike insurance policy as their user interface is very easy, Moreover, policybazaar.com provides numerous options to make an online purchase which includes the use of debit/ credit card, NEFT transfer, using UPI payment, Net-Banking, etc. are to name a few. I used debit card payment and purchased policy without any issue.
Hemali
K.c. Pur, March 09, 2021
Quick and Simple Policy Renewal
I wanted to renew the National Two-Wheeler Insurance policy online and I selected policybazaar.com as a platform. The understandable user interface of this website helped me to quickly renew my policy.
Janki
J.n.prasad, March 09, 2021
Easy Claim Settlement Process
My Honda Activa is insured with a National Two-Wheeler insurance policy. Due to an accident, I had to file a reimbursement claim for my two-wheeler and I took the help of policybazaar.com. Here I want to mention that this is the best decision that I have made as the executive at policybazaar.com helped me throughout the claim settlement process. The settlement process would not be that simple and quick if I would have contacted the insurance provider directly. Thank you, team, policybazaar.com.
Mehul
K.c. Pur, February 18, 2021
Tight budget is not a problem
I bought my dream bike recently but I have put almost all my money into it. I had to get it insured but I had tight budget. I went on policybazaar’s website and found the National insurance policy which suited my budget. Thanks team.
Shaoni
Laharpur, February 18, 2021
Would suggest you all
I bought a Royal Enfield recently and got it insured under National insurance which I purchased from Policybazaar’s website. I would suggest you all to buy your insurance policy from this website only. It provides you with all kinds of information. Thanks team
Rutuja
J.n.prasad, February 18, 2021
All kind of information
I got all the information I needed before buying the National insurance for my brand new Bajaj pulsar 220. Policybazaar made it possible for me as it was an effortless experience and I loved it.
Sarah
N.e.khawdungsei, February 17, 2021
User-friendly website
I bought a Honda Activa for my kid and wanted to get it insured. People in my office advised me buy the National insurance so I went on to Policybazaars website as I see their advertisement on TV and I must say it is a user-friendly website and I bought the policy very quickly.
Armaan
Sabang, February 17, 2021
Claim assistance
My bike was insured with National Insurance which I bought from the Policybazaar. At the time of claim settlement Policybazaar assisted me and got it done in a few minutes. Thanks team.
Yash
Babhleshwar, February 17, 2021
National insurance is good
I was looking for an insurance policy for my Honda Access and after going through many insurance policies I landed on National insurance as it fulfills all the requirements. It is a good policy for two wheelers.
Vedansh
Babhleshwar, February 10, 2021
Renewal of the policy
Last year I renewed my two wheeler insurance policy from the website of the national insurance. It was easy and quick and I really don’t have to follow long steps. I easily renewed my policy online. Great work team.
Tanmay
Habra, February 08, 2021
Online payment is safe
I bought a Yamaha FZ25 recently and wanted to get it insured with National insurance. I wanted an online solution for this with a safe payment gateway. I was suggested by my friend to do it on Policybazaar’s website and yes he was right, everything was precisely explained and the payment gateway was secure. Thanks team
Nishant
Baarod, February 08, 2021
All information on whatsapp
This is something exciting that I experienced recently. I got all the details related to the National insurance policy for my bike on my whatsapp in a doc file in a very précised manner from policybazaar. I am amazed. Thanks team.
Devansh
Nabadwip, February 05, 2021
Guidance is provided
Policybazaar’s customer executive guided me when I was looking for a bike insurance policy. It was my first time as I bought a Royal Enfield Classic and the customer executive guided me through-out the process. Thanks man.
Siddharth
Nabadwip, February 05, 2021
Time savior
I got my TVS Jupiter insured with National insurance. My policy was about to expire so I had to renew it. I got it done in a few minutes from Policybazaar’s website and saved a lot of time in my busy schedule.
Anjali
Ichoda, February 01, 2021
Quick and easy renewal
My bike is insured under National insurance and I was looking for an online solution to get my insurance renewed. I just went on the Policybazaar’s website and the renewal process was pretty quick and easy. It took me a few minutes and my insurance was renewed.
Tanya
J.n.prasad, February 01, 2021
Smooth experience
I bought a Bajaj Pulsar 150 CC and wanted to get it insured under National insurance. I just wanted a smooth process without much hassle. As I have seen the advertisements of Policybazaar on TV so I thought of trying it and trust me it is exactly like they say on the advertisement. Smooth and hassle-free experience. Good Job guys.
Enakshi
Ichoda, January 29, 2021
Compare and buy
I was looking for an insurance policy of my TVS Apache RTR 180. I just went on to the Policybazaar website which let me compare among different policies and buy the one best suited for me.