Q1. Is zero dep insurance offered for cars older than 5 years?

Ans: Yes. Typically, most insurers provide nil dep add-on for cars up to 5 years old, but some companies have started extending this coverage to cars aged 5 to 10 years.

Q2. How many claims can I make in a policy year against my zero dep car insurance?

Ans: You can make claims up to a certain limit as stated in your car insurance policy schedule.

Q3. Are engine and tyre damages covered under the zero depreciation add-on?

Ans: No. A zero dep add-on doesn't cover accidental damages to the insured vehicle's engine, tyres, or tubes. There are separate add-ons, 'Engine Protection' and 'Tyre Protect,' which you can opt for to cover such damages.

Q4. Do I really need New India Assurance zero depreciation car insurance?

Ans: Buying a zero dep add-on depends on your car insurance coverage needs. Nevertheless, for comprehensive protection of your vehicle, it is suggested that you opt for this cover, especially for new or luxury cars. This would keep your out-of-pocket expenses to the minimum since you will receive higher claim payouts.

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New India Assurance Zero Depreciation Car Insurance

The zero depreciation or nil dep add-on offered by the New India Assurance Co Ltd. is a valuable coverage option for car owners to consider when buying four-wheeler insurance. With New India Assurance zero dep car insurance, policyholders can claim the total amount under their own damage or comprehensive car insurance policy as the insurer also covers your car’s depreciation.

Benefits of New India Assurance Zero Depreciation Car Insurance

A nil dep add-on in a motor insurance policy allows policyholders to claim the entire cost of car repair or part replacement, including their depreciated value in case of accidental damage. Check out some benefits offered with New India Assurance zero depreciation car insurance:

Improved Protection: In contrast to a standard vehicle insurance policy that offers a specified amount of coverage, a nil depreciation add-on provides full compensation for damage repairs, ensuring total coverage for your car in case of an unfortunate accident.
Cashless Repair: With New India Assurance bumper to bumper protection, car owners have to pay nothing for repairs to their car's rubber, metal, nylon, or fibreglass parts if done in the insurer's authorised network garages.
Huge Savings: By slightly increasing your own damage or comprehensive car insurance premium, you can save a lot of money in the long run with a zero dep add-on cover since your insurer doesn't consider vehicle depreciation costs during claim settlements.

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How to Buy New India Assurance Zero Depreciation Add-on Cover?

Car owners can quickly buy zero dep add-on along with their car insurance online. Here is how you can start to secure your vehicle:

Navigate to Policybazaar.com and select "Car Insurance" from the homepage.
On Policybazaar.com, choose 'Car Insurance' from the 'Insurance Products' drop-down.
Enter your car's registration number and other required details to view insurance offerings.
Select the New India Assurance four-wheeler insurance plan from the list of car insurance quotes.
Under 'Add-ons', add the "Zero Depreciation" cover to view the updated policy pricing.
Pay your policy premium digitally through cards, net banking, or UPI.
Upon successful payment, you will receive your New India Assurance zero depreciation car insurance via email.

New India Assurance Zero Depreciation Car Insurance Claim Process

In case of an unfortunate incident, you can smoothly file a claim under your New India Assurance zero depreciation motor insurance policy. Here is the hassle-free process:

Immediately inform the insurer about the damages caused to your vehicle in an accident.
Upon intimation, your insurer will register a claim under your car insurance policy.
To evaluate the damages and estimate the repair costs, your insurer will assign a surveyor for vehicle inspection.
Now, your insured vehicle will be sent for repairs or part replacement to one of your insurer's authorised garages.
Your insurer will settle the claim directly with the garage after the repair work.
Since you have a zero dep add-on, there won't be any deductions for vehicle depreciation, and your insurer will pay the full amount to the garage.

Documents Required for a New India Assurance Zero Depreciation Car Insurance Claim

Keep the following documents handy while initiating a claim against your zero dep insurance:

Car insurance policy documents and premium receipt
Driving licence of the owner/driver
Police FIR (if applicable)
Registration certificate of the insured vehicle
Fitness/permit certificates
Rightfully filled and signed claim form
Original repair bills
Repair estimates and receipt
Road tax verification

FAQs

Q1. Is zero dep insurance offered for cars older than 5 years?

Ans: Yes. Typically, most insurers provide nil dep add-on for cars up to 5 years old, but some companies have started extending this coverage to cars aged 5 to 10 years.
Q2. How many claims can I make in a policy year against my zero dep car insurance?

Ans: You can make claims up to a certain limit as stated in your car insurance policy schedule.
Q3. Are engine and tyre damages covered under the zero depreciation add-on?

Ans: No. A zero dep add-on doesn't cover accidental damages to the insured vehicle's engine, tyres, or tubes. There are separate add-ons, 'Engine Protection' and 'Tyre Protect,' which you can opt for to cover such damages.
Q4. Do I really need New India Assurance zero depreciation car insurance?

Ans: Buying a zero dep add-on depends on your car insurance coverage needs. Nevertheless, for comprehensive protection of your vehicle, it is suggested that you opt for this cover, especially for new or luxury cars. This would keep your out-of-pocket expenses to the minimum since you will receive higher claim payouts.

Explore More Under Car Insurance

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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14 Oct 2025

New India Assurance Zero Depreciation Car Insurance

Benefits of New India Assurance Zero Depreciation Car Insurance

Explore More Under New India Assurance

How to Buy New India Assurance Zero Depreciation Add-on Cover?

New India Assurance Zero Depreciation Car Insurance Claim Process

Documents Required for a New India Assurance Zero Depreciation Car Insurance Claim

FAQs

Q1. Is zero dep insurance offered for cars older than 5 years?

Q2. How many claims can I make in a policy year against my zero dep car insurance?

Q3. Are engine and tyre damages covered under the zero depreciation add-on?

Q4. Do I really need New India Assurance zero depreciation car insurance?

Explore More Under Car Insurance

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