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



6 months to 1 year



1-2 years



2-3 years



3-4 years



4-5 years



5-10 years



Above 10 years



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



Fiberglass parts



Glass parts



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 10 reviews)
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.
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.
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 procedure was smooth and making payment was easy.
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.
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 i am satisfied with my new plan.
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
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.
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
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 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, 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.
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 as a platform. The understandable user interface of this website helped me to quickly renew my policy.