![]() New India Assurance |
Cashless Garages
253 |
Plan type
Comprehensive |
Starting from
₹ 2,727 |
Claim Advantage
| |
![]() New India Assurance |
Cashless Garages
253 |
Plan type
Third Party |
Starting from
₹ 2,094 |
Claim Advantage
| |
![]() New India Assurance |
Cashless Garages
253 |
Plan type
Limited Third Party |
Starting from
₹ 1,994 |
Claim Advantage
|
Benefits of New India Assurance Zero Depreciation Car Insurance
With the Zero Depreciation car insurance add on the policyholder will get coverage against default depreciation that is counted on the car and its parts. It simply means that the policyholder who is paying a little extra amount of premium will get a good return while making any claims irrespective of the age of the vehicle. Few other benefits of New India Zero Depreciation Car Insurance are mentioned below:
- No deduction in a claim based on the age of the car
- Applicable to the car and its parts
- Coverage for repair as well as replacement of car’s depreciated parts
- An unlimited number of claims is given under this policy
- Avail of this policy is any time before the age of the car is 34 months
Take a good look at the table given below to have a better understanding of the benefits of getting Zero depreciation add on:
Age of Car |
Rate without zero depreciation cover |
Rate with zero depreciation cover |
Under 6 month |
Nil |
0% |
Up to 1 year |
5% |
0% |
1-2 year |
10% |
0% |
2-3 year |
15% |
0% |
3-4 year |
25% |
0% |
Above 10 years |
50% |
0% |
Claim Process of New India Assurance Zero Depreciation Cover
New India Assurance Car Insurance has developed an easy mechanism for the claim process. The policyholder can opt for both cashless and reimbursement processes.
Here is the list of documents required for initiating the claim process:
- Policy paper
- Driving license
- RC of the Car
- Claim form
- First information report (In some cases)
- Estimate cost of repair or expense bill invoice
After arranging all the necessary documents, the policyholder is required to follow the following steps for the initiation of the claim process:
- Contact the insurer immediately
- Fill up the claim form
- Respond to the survey arranged by the company
- Get your car repaired at the network garage or at any other nearby garage
- Avail the claim either by cashless process or reimbursement.

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New India Assurance Zero Depreciation Car Insurance FAQs
-
Q. Does the insurer have enough garage networks?
Ans: Yes, the company has 3000+ Network garages that will help you to get easy access to cashless claims.
-
Q. What is the claim settlement ratio of New India Assurance Car Insurance?
Ans: The company has a good claim settlement ratio of 89.6%. It is one of the most trusted companies in the market of car insurance when it comes to customer satisfaction.
-
Q. Can we take a zero depreciation policy on any old cars?
Ans: A Zero Depreciation policy can only be taken when the car is not older than 36 months.
-
Q. Is Zero depreciationapplicable to all parts of the car?
Ans: Zero Depreciation is applicable to all parts of the car with the exception of batteries, tubes, and tyres.