Download the Policybazaar app
to manage all your insurance needs.
SBI General Zero Depreciation Bike Insurance
Having a comprehensive bike insurance policy is essential to cover all types of expenses in case of damages or losses caused to your insured bike. SBI General zero depreciation bike insurance policy is a valuable add-on cover available with your comprehensive policy gives protection against the financial impact of depreciation on your two-wheeler’s parts. With this cover, you will receive the full claim amount without any deductions for depreciation, ensuring you get maximum compensation for repairs or replacements.
-
Home
-
Bike Insurance
-
Sbi General Bike Insurance
- Sbi General Bike Insurance Zero Depreciation
Understanding Depreciation in Two-Wheeler Insurance
Depreciation refers to the decrease in the value of an asset over time due to wear and tear, age, and usage. The insurer typically deducts a percentage for depreciation from the final claim payout amount under your two-wheeler insurance policy. This means you have to pay a portion of the repair cost out of your own pocket. With the SBI General zero depreciation cover, you can eliminate the depreciation factor and receive the full insured amount for your claim.
Key Benefits of SBI General Zero Depreciation Add-On Cover
Here are the key benefits of opting for the SBI General zero depreciation add-on cover:
- Maximum Claim Amount: With SBI General zero depreciation cover, you can claim the full insured amount without the impact of depreciation. This add-on is particularly beneficial when facing costly repairs or replacements of damaged bike parts.
- Affordable Protection: This add-on cover comes at an affordable premium, and the benefits you receive far outweigh the cost. It is a wise investment for any bike owner looking for comprehensive protection.
- Reduces Out-of-Pocket Expenses: The primary objective of this add-on is to reduce your out-of-pocket expenses during claim settlement. It minimizes the risk of a lower claim payout amount, providing you with an extra layer of financial protection.
Explore Sbi General Bike Insurance
Depreciation Rates Applied Based on the Age of the Bike
Here's a breakdown of applicable depreciation rates based on the age of the vehicle with and without zero depreciation cover:
| Age of Bike | Depreciation Applicable Without Zero Dep Cover (in %) | Depreciation Applicable With Zero Dep Cover (in %) |
| 0-6 months | 0% | 0% |
| 6 months - 1 year | 5% | 0% |
| 1-2 years | 10% | 0% |
| 2-3 years | 15% | 0% |
| 3-4 years | 25% | 0% |
| 4-5 years | 35% | 0% |
| 5-10 years | 40% | 0% |
| More than 10 years old | 50% | 0% |
Depreciation Rates Applied on Different Parts of the Bike
Here is how depreciation rates apply to different bike parts with and without the zero depreciation cover:
| Parts of Bike | Depreciation Applicable Without Zero Dep Cover (in %) | Depreciation Applicable With Zero Dep Cover (in %) |
| Rubber/nylon/plastic parts | 50% | 0% |
| Fibre glass parts | 30% | 0% |
| Glass parts | Nil | 0% |
Coverage Under SBI General Bike Insurance Policy with Zero Depreciation Cover
- Inclusions
- Exclusions
Here is a list of inclusions covered under SBI General zero depreciation cover:
- Compensation for depreciable parts like nylon, rubber, plastic, and fibreglass.
- Coverage for repairs or replacement costs during claim settlement.
- Partial damage coverage for batteries and tyres without applying depreciation.
Here are exclusions of SBI General zero depreciation cover:
- Damage from mechanical faults or failures.
- Routine wear and tear causing damage to the insured bike.
- Loss of uninsured items such as bike tyres, bi-fuel kits, or gas kits.
Factors Affecting SBI General Zero Depreciation Cover
The following are the factors affecting SBI General zero depreciation cover:
- Age of the bike: Typically available for newer bikes (check with SBI General for their specific age limit).
- Number of claims: There might be a limit on the number of claims allowed under this cover within the policy period.
- Exclusions: Damages due to mechanical failures or normal wear and tear are not covered.
- Coverage: Offers protection in case of total loss or partial loss of the insured vehicle.
FAQs - SBI General Zero Depreciation Bike Insurance
-
Q. How many times can I claim zero depreciation in SBI General?
Ans: The number of claims allowed under the zero depreciation add-on may vary. It's best to check your policy document or contact SBI General customer service for the exact details of your policy. -
Q. Is there any age limit for my bike to be eligible for SBI General zero depreciation cover?
Ans: Yes, there is usually an age limit for bikes to be eligible for this cover. Contact SBI General or check their website for the most up-to-date information on their eligibility criteria. -
Q. Does SBI General zero depreciation cover include engine protection
Ans: While zero depreciation covers the cost of parts like plastic and fibreglass, it might not automatically include engine protection. SBI General might offer a separate engine protector add-on for comprehensive engine coverage. It's advisable to check with them for details. -
Q. Can I buy SBI General zero depreciation cover online?
Ans: Yes, you can typically purchase the SBI General zero depreciation add-on online while buying or renewing a comprehensive bike insurance policy through Policybazaar.com
Zero Depreciation Cover by Bike Insurers
Bajaj Allianz Zero Depreciation Bike Insurance
Digit Zero Depreciation Bike Insurance Policy
HDFC ERGO Zero Depreciation Bike Insurance Policy
ICICI Lombard Zero Depreciation Bike Insurance Policy
IFFCO Tokio Zero Depreciation Bike Insurance
Liberty Zero Depreciation Bike Insurance Policy
National Zero Depreciation Bike Insurance
New India Assurance Zero Depreciation Bike Insurance
Expand
Bike insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Two Wheeler Insurance Articles
- Recent Article
- Popular Articles
15 May 2025
Know All About Cheap and Affordable Bike...
For many Indians, a bike is more than just a mode of transport
Read more
09 May 2025
How to Select an E-Bike Insurance Policy?
E-bikes are the new normal for all environment conscious two
Read more
05 May 2025
Things to Know Before Buying an E-Bike: Electric...
Electric bikes, commonly known as e-bikes, have rapidly
Read more
25 Apr 2025
Bike Fire Causes and Prevention Tips for Safety
Bike fires may not concern riders, but the consequences can be
Read more
15 Apr 2025
Benefits of Two-Wheeler Insurance Policy
Riding your own bike offers unmatched convenience, but the
Read more^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 is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
