New India Assurance Zero Depreciation Car Insurance

New India Assurance Zero depreciation car insurance is an add-on cover. The policy has been a revolution policy that has attracted a huge amount of customers towards itself. In the market of car insurance, it is well known that the value of the car gets depreciated along with time. It becomes very difficult for a car owner to get a good claim when the car is getting old. To overcome this hurdle, New India Assurance Zero Depreciation car insurance policy has provided the customers a platform where keeping an old car is not a matter to worry about anymore.

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*TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.
Car Insurance Premium Price

New India Assurance

Cashless Garages

253

Plan type

Comprehensive

Starting from

₹ 2,727

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Claim Advantage
  • Self-Video Claims
  • Reimbursement Within 7 Working Days For Non-Cashless

New India Assurance

Cashless Garages

253

Plan type

Third Party

Starting from

₹ 2,094

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Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person

New India Assurance

Cashless Garages

253

Plan type

Limited Third Party

Starting from

₹ 1,994

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Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party property upt...

Above-mentioned prices are for a 7-year-old Maruti WAGON R AVANCE LXI (998 CC) registered in Gurgaon and 15 days before expiry of previous policy

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. 

New India Assurance Zero Depreciation Car Insurance FAQs

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Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.

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