New India Assurance Zero Depreciation Bike Insurance Policy

Every two wheeler suffers from depreciation as it gets older. Under regular bike insurance plans, the insurance company pays the claim amount after deducting the depreciation costs. New India Assurance zero depreciation bike insurance policy covers the insured bike against depreciation and prevents the policyholder from paying for the depreciation costs of the two-wheelers during claim settlement.

Read more
Get Two-Wheeler Insurance
Starting @ only ₹482/year*
  • Save up to 85%

    Lowest 2W Premiums
  • 20+ Insurers

    To Choose From
  • 68 Lakh+

    Bikes Insured

TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply

Stay home & renew bike insurance in 2 minutes
No Documents Required
Enter Bike Number
Processing

New India Bike Zero Depreciation Add-on Cover

The New India Assurance zero depreciation add-on cover enhances the coverage of a regular comprehensive bike insurance policy. It provides coverage for both own damages and third party liabilities arising out of the insured bike without considering depreciation on its value. It enables the policyholder to avail higher claim amount from the New India Assurance Company Limited.

Choosing New India Assurance Zero Depreciation bike insurance cover has an advantage over, the standard motorbike insurance policy. Zero depreciation add-on cover is available under comprehensive New India Assurance two wheeler insurance plans. The policyholder can claim the repair and replacement costs resulting from the bike's damages without incurring depreciation charges.

A zero depreciation insurance policy can help the policyholder to claim the total expenses incurred due to an accident or damage to the insured bike. However, the zero depreciation add-on cover can be purchased only on payment of an extra premium amount. 

Benefits of New India Assurance Zero Depreciation Add-on Cover

The New India Assurance zero depreciation add-on cover enables the policyholder to strengthen their base bike insurance policy. Some of the benefits of buying a New India Assurance zero depreciation bike insurance policy are:

  • Coverage for Repair and Replacement of Bike Parts - Although the premium for zero depreciation cover is high, it is way lower than the expenses that the bike owner will incur if the bike gets severely damagedThe zero depreciation bike insurance policy will help to cover the cost of replacing and repairing the ruined parts of the bikes.
  • Higher Claim Amount -The policyholders can claim higher amounts without deduction due to depreciation by opting for zero depreciation cover.
  • Saves Money – The zero depreciation add-on coverhelps the bike owner to save money as with a higher claim amount their out-of-pocket expenses are reduced in case of a claim.

Depreciation Rate Applicable on Bike With and Without Zero Depreciation Add-on

The depreciation rates on a bike with and without zero depreciation are as follows:

Age of the Bike

Rate of Depreciation with Zero Depreciation Add-on Cover

Rate of Depreciation without Zero Depreciation Add-on Cover

Under 6 months

0%

Nil

6 - 1 year

0%

5%

1 - 2 years

0%

10%

2 - 3 years

0%

15%

3 - 4 years

0%

25%

4 - 5 years

0%

35%

5 - 10 years

0%

40%

Above 10 years

0%

50%

Depreciation Rates Applicable on Bike Parts With and Without Zero Depreciation Add-on Cover

The depreciation rates on bike parts with and without zero depreciation are as follows:

Parts of Bike

Rate of Depreciation with Zero Depreciation

Rate of Depreciation without Zero Depreciation

Nylon/ Rubber/ Plastic parts

0%

50%

Fiberglass parts

0%

30%

Glass parts

0%

Nil

Factors Affecting the Zero Depreciation Add-on Cover of New India Assurance Bike Insurance

The below-mentioned factors must be taken into consideration before applying for the New India Assurance zero dep bike insurance cover:

  • The zero depreciation claim applies to bikes that are within 2 years of age.
  • The minor wear and tear of the bike that iseasily repairable are not included in the claim.
  • During the period of the policy, the policyholder can claim for zero depreciation only twice.
  • The zero depreciation policy claims do not include the loss through mechanical or any electricalbreakdown of the two-wheeler.

FAQs

FAQ's

Two Wheeler insurance articles

Recent Articles
Popular Articles
Can Engine Capacity Of Bike Be The Reason Behind Accident Claim Denial?

03 Dec 2021

A road accident took place in Ludhiana, Punjab that led to the...
Read more
Maintain Speed Upto 40km/hr While Riding With Kids Below 4 Years

28 Oct 2021

The Road Transport Ministry has ruled out a draft making the...
Read more
Differentiating Bike Warranty & Bike Insurance

08 Sep 2021

Purchasing a bike is dream come true for many. When you...
Read more
Two Wheelers: Anti-Lock Braking System And Some Important Factors

01 Mar 2021

There are billions of people in this world and every other...
Read more
Top Seven Reselling Bikes in India

03 Feb 2021

Riding a bike is not only cool and exciting in India, but they...
Read more
Best Two Wheeler Insurance Plans in India
When it comes to choosing the best two wheeler insurance plans, we’re sure you have heard enough from different...
Read more
Lost Your Two Wheeler Insurance Documents? Here Is What You Need To Do
A bike insurance policy is one of the important documents required for claim settlement. You won’t be able to...
Read more
Traffic Rules in India That Every Two Wheeler Rider Should Know
A two wheeler is probably the first vehicle that most people learn to ride after a bicycle. Nothing ever compares...
Read more
Renew Your Two-Wheeler Break-in Insurance Policy at PolicyBazaar
Owners of two-wheelers have been getting a good night’s sleep as far as their vehicle’s insurance is...
Read more
Zero Depreciation Bike Insurance
Every two-wheeler goes through depreciation. Simply put, depreciation of a vehicle means a reduction in its value...
Read more

New India Assurance Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 50 Reviews)
(Showing Newest 25 reviews)
Akshat
Faridabad, October 09, 2021
Instant updates
From day one, i always gets prompt updates of everything. i bought new india assurance plan for my bike last year and till now i receive the same service from policybazaar which i used to get earlier. i am happy with my decision to take the plan from here.
Amrutanshi
Meerut, October 09, 2021
Attractive facilities
Thanks to Policybazaar for providing me attractive facilities in my budget. i found a suitable deal for my bike. After going through many plans I bought New India Assurance Two Wheeler Insurance from Policybazaar and got amazing benefits under the same.
Ankit
Rajkot, October 09, 2021
Add on cover
I took new india assurance two wheeler plan from Policybazaar. Everything was quite easy whether it was the purchase process or payment or customizing the plan. With the help of add on cover feature, I made my plan even more better.
Ankur
Kalyan Dombivli, October 09, 2021
Suitable plan
Policybazaar took good care of my needs. the team Suggested me bike plans according to my budget. I found everything very easy, be it the renewal process or the purchase process. I took New India Assurance Bike Plan which was suitable according to my pocket.
Anshika
Vasai Virar, October 09, 2021
Faster claim settlement
Last month my bike got damaged, with the help of my New India Assurance two wheeler plan, I got cashless repairing. i got faster claim settlement through the policy Bazaar. Policy bazaar offers great deals to their customers. Highly recommended.
Apoorva
Varanasi, October 09, 2021
Easy to compare
While searching on Google, when I went to the website of the policy bazaar, I saw a lot of plans according to my needs. I wanted to insured my two wheeler and i got new india assurance two wheeler plan here.
Shivani
Ranchi, August 18, 2021
good benefits
I bought a New india assurance two wheeler policy from policy bazaar. It will give you a third party coverage. you do not need to pay extra charges to buy a policy and i just bought it online within a minute. They will give you 24x7 service.
Shreelakshmi
Faridabad, August 18, 2021
add on covers
i recently bought New India assurance plan for my two wheeler through policy bazaar. i added some extra features under my plan and i got some extra premium like accessories coverage
Shrestha
Meerut, August 18, 2021
budget friendly
i got my best two wheeler plan from the website of policy bazaar. i am happy that i got best plan under my budget. when i visited to their website they have a lot options out of which i chose New India assurance two wheeler plan.
Kapil
Lucknow, June 04, 2021
Best plan
I recently bought a new bike and was looking for some good insurance company. While going through New India two wheeler insurance plan on policybazaar, I knew I can trust my bikes safety with them. They have one of the best benefits that help us ride worry-free anywhere in the country.
Navneet
Kanpur, June 04, 2021
Easy online purchase
I bought my motorbike last year. For its insurance, I contacted policybazaar for New India two wheeler cover for their benefits. I bought the policy online on policybazaar and the process was quick and easy.
Prakhar
Gonda, June 04, 2021
Get double benefits
New India two wheeler insurance covers me and third party for accidents and other unplanned events. I bought it through Policybazaar, which also offered online buying benefits. I recommend this policy for all your bikes and scooters.
Dhakshan
Habra, February 15, 2021
Pleased
I bought New India Assurance two-wheeler policy from Policybazaar. I am so happy with their website experience and overall experience. You can reach out to them on call or email anytime. Thank you!
Siddhant
Babhleshwar, February 15, 2021
Online Comparison
It is so easy to compare two-wheeler insurance quotes online and find the best one with add-on covers. I bought New India Assurance two wheeler insurance for my Yamaha bike. I just went online, searched for bike insurance comparisons and bought an affordable bike insurance policy online.
Saiyam
N.paravur, February 15, 2021
Best Claim
My bike got damaged in an accident. I called Policybazaar’s two-wheeler insurance claim team. I got compensation for my bike damage. Thank you guys for good claim support! You helped me a lot.
Anmol
Gadag, January 22, 2021
Affordable Add-on Cover
I was looking for add-on covers like accessories cover, co-passengers cover, and personal accident cover. It was Policybazaar that helped me get these add-ons at a nominal premium that too fuss-free. I was able to compare different add-on benefits in an affordable manner.
Ekbal
East Godavari, January 22, 2021
Trusted Theft Claim
My Yamaha bike got stolen from my office. I immediately registered claim with Policybazaar. With minimal paperwork I was able to get my theft claim. Thank you New India Assurance and Policybazaar for such prompt service.
Chandresh
Odagoan, January 22, 2021
2-wheeler Renewal
I renewed my two-wheeler policy online just by entering my customer ID, policy number, and insurance quote number. Thank you Policybazaar I am very happy with New India Assurance Two-wheeler Insurance policy.
Sukrit
Vadali, October 01, 2020
Low premium rates
I found the two wheeler insurance policy from the policybazaar best and convenient as it came under my budget. The premium rate of the policy is much lower and under my budget. I am thankful to New India assurance for giving me best plans. It is safe and secured.
Sunirmal
East Midnapore, September 30, 2020
Documents with online facilities
I have made the documentation work online and submitted in an online way via whatsapp and email. It is easy and no need to go anywhere. The whole customer care team of the New India assurance are priceless and understanding. Thanks to team for such better assistance.
Shivlal
Dabugam, September 28, 2020
Benefits and add on covers
I have recently got the new India assurance two-wheeler insurance policy. I got the amazing benefits such as zero depreciation, no claim bonus and the personal accident coverage with minimum premium rates. I found It valuable plan for me and my two-wheeler. Thanks team.
Pranet
N.paravur, September 23, 2020
A great and apt plan
I have recently got my two wheeler insurance policy from the New India assurance. I found it apt and useful at the time of claim. My claim was settled in time and I connected with them over the call for the same. Need not to go anywhere. Great work team New India assurance.
Panduranga
N.paravur, September 21, 2020
Compare two wheeler plans
When I was planning to get the two wheeler insurance policy I checked into the website of the new India assurance. It is really amazing as I can easily compare all sorts of plans for my two- wheeler. Thanks to whole team.
Porter
Yavatmal, September 18, 2020
No claim bonus services
I have recently got my no claim bonus certificate from the new India assurance company. It is a kind of certification which is given at the time of when you don’t file for the claim. The work is easily done. And I really don’t have to repeat my words. The whole team is very helpful in nature. Thanks a lot team New India assurance.
Atanu
Habra, September 14, 2020
Good option for two wheeler
I have taken the two wheeler insurance policy from the new India assurance company. It is one of the best plans for my two wheeler and it eventually gave me best options for the safety and security of my two wheeler insurance policy. Thank you so much team New India assurance.