Reliance Zero Depreciation Car Insurance

Depreciation refers to the loss of value in a car and its parts as it ages over time. This particular amount is factored in at the time of settling a claim with your car insurance company, resulting in a lower claim amount.

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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

Reliance General

Cashless Garages


Plan type


Starting from

₹ 3,803

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Claim Advantage
  • Repair service at select cashless garages
  • Offers Zero Depreciation addon

Reliance General

Cashless Garages


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

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

Reliance zero depreciation add-on cover shifts the liability of bearing the depreciation amount from the insurer to the insured. This serves as a security cushion for your car, saving you from not losing a percentage of your claim amount due to depreciation being charged on the car part which is being replaced or repaired. Reliance car insurance allows you to claim the maximum amount of reimbursement at the time of settling the claim enabling you to gain the most out of your comprehensive car insurance policy.

Benefits of Reliance Zero Depreciation Car Insurance Policy

Reliance Zero Depreciation policy helps in the following ways:

  • Deduction from the claim amount in the form of depreciation is always higher than the premium paid amount for a zero-depreciation add-on cover, hence saving you theextra cost of repairing your car.
  • Reliance zero-depreciation insurance absorbs the depreciation cost of your car’s parts by so that you end up with a higher amount with your claim at the time of settlement
  • All of your vehicle's parts are included in this cover, from fiberglass material to the bumpers and the bonnet. However, please note that this add-on will not include the tires and tubes.

Factors Affecting Reliance Zero Depreciation Add-on Cover

Reliance Zero Depreciation Cover is affected by the following factors:

  • Age of the car:While, only new cars are eligible for 0% depreciation on parts, the upper limit for Reliance Zero Depreciation Cover is 3 years
  • Registered location of the car: In case you own a luxury vehicle located in a high-risk region, prone to theft or damage due to natural/man-made disasters, it would be generally advised to opt for a zero depreciation add-on cover.
  • Model of the car: Paying an extra premium for a car that is older than 3 years in age is of no use as you won't be eligible for benefits under the Reliance Zero Depreciation Insurance
  • Number of claims: Only a limited number of claims can be settled in a car policy period to restrict customers from making claims for trivial accidents.


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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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