SBI General Zero Depreciation Bike Insurance Policy

SBI General Zero Depreciation Bike Insurance is a type of two-wheeler insurance policy in which the insurance company does not take into charge the depreciation on the bike parts at the time of claim settlement. The depreciation value is not applicable and the insured receives the full compensation amount. Having zero depreciation bike insurance helps an individual save out-of-the-pocket expenses.For example, if the insured bike gets damaged in a road accident, then the insurer will pay off the complete claim amount for the losses or damages incurred.

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SBI General Zero Depreciation Cover

SBI zero depreciation bike insurance policy is an add-on cover that covers the depreciation value on the insured bike parts. SBI General zero dep cover guarantees that the depreciation charges on your bike parts are not deducted from the amount of claim.

For instance, if a bike gets damages in an accident, the SBI General zero depreciation bike insurance policy will cover the entire amount of damages while settling the claims. The cost of these losses is very high, and the SBI General Bike insurance add-on cover allows you to claim the cost of the damaged parts to be replaced without any deductions.

Benefits of SBI General Zero Depreciation Add-On Cover

There are various benefits that the SBI General Bike insurance add on cover has to offer:

  • A zero dep policy reduces the cost of depreciation at the time of claim, which is usually very high
  • SBI General zero dep bike insurance covers depreciable parts like plastic, nylon, and rubber part
  • The insured can get SBI bike insurance add-on cover for both new and old bikes

Depreciation Rates Applicable on Bikes With and Without Zero Depreciation Add-On Cover

Age of the Insured Bike

Depreciation Rate without zero deprecation

Depreciation Rate with zero deprecation cover

Less than 6 months



6 months – 1 Year



1-2 Years



2-3 Years



3-4 Years



4-5 Years



5-10 Years



More than 10 Years



Factors affecting SBI General Zero Depreciation Cover

Following are the factors that need to be taken into consideration while opting for SBI General Zero Depreciation Bike Coverage:

  • The coverage only allows you to claim the costs twice during the policy term
  • Only customers with bikes that are 2 years or less are allowed to avail the benefits of zero depreciation  cover
  • If the bike is in no shape to be fully recovered or in a case of a total loss, no coverage will be provided to the policyholder
  • Only losses caused due to road accidents will be covered. The customer's bike will not be repaired due to regular wear and tear of the bike.


  • Q: What is not covered by SBI General zero depreciation bike insurance policy?

    SBI General Zero depreciation bike insurance policy does not cover  the following claims–

    • No compensation will be offered in case of total damage or loss of the individual’s bike
    • 50% coverage rate is provided for tubes, tires, and batteries of the customer's bike
    • Damage caused to uninsured parts of the bike such as gas kits, bi-fuel kits, etc. is not covered
    • Damage incurred by the bike due to faults in the mechanics of the bike is excluded
    • The bike's wear and tear due to normal aging are also not covered under this insurance policy
  • Q: What are the conditions to avail of the SBI General Zero Depreciation Bike Insurance policy benefits?

    There are several conditions that one has to keep in mind while purchasing zero depreciation insurance.

    • During the total duration of the policy, the zero depreciation coverage can only be availed of two times
    • The customer's bike should be sent to the SBI General Insurance Company’s Network garage if the accident and the bike incurred damages.
    • In case of theft or total damage, compensation under the zero depreciation policy will not be provided.
  • Q: Is it mandatory to have the SBI General Insurance Zero Depreciation Bike Insurance cover?

    No, it is not mandatory to get this cover. You can get this add-on cover with a comprehensive bike insurance policy only. 

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 42 Reviews)

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SBI General Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 42 Reviews)
(Showing Newest 10 reviews)
Guwahati, October 09, 2021
Easy to buy
Insuring the bike is quite easy. Policybazaar provides the easiest process to buy any kind of policies. customers can easily compare different plans on one platform and calculate the exact premium rate with the help of premium calculator. I went through the same process and it was really easy.
Madurai, October 09, 2021
Supportive team
I never bought policy before this. i have taken the sbi general two wheeler insurance from policybazaar. i bought my plan with help of policybazaar team . they guided me and explained every single step of procedure to me. Their team always gives the best suggestions to their customers.
Raipur, October 09, 2021
High coverage
In my sbi general two wheeler insurance, i have got coverage against unplanned incidents. i have got coverage not only for the insured vehicle but also for the personal accident of the driver/owner. i have added pillion rider feature by paying an additional amount.
Chandigarh, October 09, 2021
Affordable plan
After searching affordable plan for bike on Google i found the website of Policybazaar. in my sbi general bike plan i have got coverage against damages or losses to the insured bike due to accident. i have got little discount on the premium rate.
Kota, October 09, 2021
Easy to buy
It is way convenient to check the plans on the website of Policybazaar. The interface of the website is user friendly and all the information regarding each policy is given on the website. Even I bought sbi general bike plan online from here.
Vasai Virar, August 18, 2021
Easy to compare
I got a great package of SBI Two wheeler policy from policy bazaar website.i just bought a bike 2 months ago. one of my friend suggested me to insure my bike. after comparing so many plans i took right one according to my pocket.
Gorakhpur, June 04, 2021
Good coverage
The coverage amount of my two wheeler insurance plan is much better and good. I kept it high so that in case I faced any emergency then it can be used easily and I wont face burden.
Basti, June 04, 2021
Roadside assistance cover
In my SBI general insurance plan, which I took 3 years back I had taken the cover of roadside assistance. The plan is naturally very good and I am happy with the services of the team. Even I have suggested many of my friends to buy this plan.
Balia, June 04, 2021
Affordable two wheeler plan
I took the SBI general two wheeler insurance plan from the website of the Policybazaar. It is very much affordable and easy to buy online. I can even customized my plan as per my requirements. I am thankful to policybazaar for giving such good plans.
Odagoan, February 15, 2021
Liability Cover
I bought third-party liability cover for my bike. They called me to check if I bought the right policy or want to upgrade the plan. They always help me suggest policies with maximum coverage as per my pocket.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*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.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis