Shriram Zero Depreciation Bike Insurance Policy

Every vehicle parts go through some depreciation. At the time of claim settlement, the insurer will not consider depreciation of the two-wheeler and would only reimburse the damages insured in the base policy. With Shriram zero depreciation bike insurance cover, even the depreciation would be considered by the insurer and paid with the claim. This way, the policyholder would save a lot of money while paying for damage repairs.

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Shriram Zero Depreciation Bike Insurance Policy

Shriram zero depreciation bike insurance is available as an add-on cover with your base two-wheeler insurance policy. The policy includes coverage for all damages to a two-wheeler along with the depreciation costs of the vehicle parts. This means that the insured would receive complete coverage of all the bike parts at the time of claim settlement.

Shriram zero depreciation bike insurance policy is a plan designed for two-wheeler owners who are looking for a complete risk cover for their bikes. With the assistance of this policy, the insured would be able to enjoy complete freedom and security with their vehicle.

Shriram Zero Depreciation Bike Insurance Policy Eligibility Criteria

The eligibility criteria to buy a Shriram zero depreciation bike insurance policy is given below:

  • The policy is valid for two-wheelers that are less than two years old. Bikes more than two years old would not be considered for coverage
  • Bike brands and models which belong to those approved by Shriram General Insurance Company would be eligible for coverage
  • You must have a base policy for buying the zero depreciation cover
  • The insurance cover can only be claimed twice a year during the entire policy term

Benefits of the Shriram Zero Depreciation Bike Insurance Policy

The following are the benefits of the Shriram Zero Depreciation Bike Insurance Policy:

  • Because of this policy, you can save more money as you would not have to pay more for the repairs of a damaged vehicle
  • Through this plan, you would be able to receive maximum compensation for your bike's damages
  • The Shriram zero depreciation bike insurance policy is an add-on plan over the base policy. This makes your policy stronger and provides even more extensive protection for your two-wheeler
  • You would not have to worry about the regular depreciation in the value of your vehicle
  • The policy is suitable for expensive two-wheelers as they have high-priced parts and accessories to be taken care of

What is covered by the Shriram Zero Depreciation Bike Insurance Policy?

The Shriram zero depreciation bike insurance policy includes the following under its coverage:

  • The policy would provide coverage for all the rubber, nylon, and plastic parts of the vehicle
  • The zero depreciation cover would provide coverage for all the fiberglass parts of the bike

What is not covered by the Shriram Zero Depreciation Bike Insurance Policy?

Shriram zero depreciation bike insurance will exclude the following claims:

  • Damages such as gas kits, bi-fuel kits that are not covered in the base insurance policy would not be covered
  • The policy would not include coverage for damages by any mechanical and electrical failures
  • The policy would not cover the total loss or damage of the vehicle

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 21 Reviews)

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Shriram Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 21 Reviews)
(Showing Newest 10 reviews)
Divjot
Moradabad, October 09, 2021
Claim settlement
I was coming home from my office and due to imbalance, I met with an accident. My bike was completely damaged in the accident for which I had applied for the claim. My bike was repaired cashless at the network garage of Shriram General Insurance Company.
Dhruvi
Gurgaon, October 09, 2021
Faster claim settlement
Thanks to Policybazaar for helping me get the claim settlement. I wanted to apply for the claim as my bike was damaged and I took the help of Policybazaar from where I had taken Shriram General Two Wheeler Plan. I got faster claim settlement because of Policybazaar.
Bhavana
Tiruppur, October 09, 2021
Midnight assistance
Policybazaar always pushes its limits to offer the best service to its customers. It was twelve at night when I contacted the customer care of Policybazaar for help. My bike was broke down and I needed tow facility. with the help of my Shriram general bike plan i got assistance at midnight.
Aryan
Aligarh, October 09, 2021
Faster claim settlement
Last week I met with an accident and my bike got completely damaged due to an accident for which I claimed. With the help of Shriram General Bike Plan, my bike got cashless repair. I have got financial assistance in my time of need.
Aryan
Bareilly, October 09, 2021
Trusted place
I am saying from my experience that Policybazaar is the most trusted place and gives the genuine advice without misleading the customer. I have recently renewed Shriram General Bike Policy which I am using since last four years. great experience with them.
Apoorva
Tiruchirappalli, October 09, 2021
Low cost
I liked Shriram Two Wheeler Insurance out of all the plans I have seen. i was randomly checking two wheeler plans on google and i came across the website of policybazaar. what i saw is Policybazaar is offering such good deals at low cost.
Anshika
Mysore, October 09, 2021
No claim bonus
I am happy to get my bike insured by taking shriram general insurance policy from Policybazaar. I have recently got no claim bonus as I did not take any claim settlement during my policy term. thanks to Policybazaar for giving such amazing features.
Ankur
Hubli Dharwad, October 09, 2021
Helpful staff
I had a great interaction with Policybazaar. The executive who was explaining the policy to me was so helpful and made everything clear and understandable by providing brief information about Shriram two wheeler insurance plan.
Ankit
Solapur, October 09, 2021
Easy to compare
Policybazaar is always on the list when it comes to getting the best deal. I found it very easy to compare different plans on the same platform. I have bought Shriram Two Wheeler from here and when I was buying, it became convenient for me to choose the best plan as they have so many plans available.
Theresa
Srinagar, August 18, 2021
hassle free procedure
i got many features under my Shriram two wheeler insurance policy which i took from policy bazaar. i got it at affordable rate and procedure was hassle free. it has a coverage against loss or damage to the insured vehicle under my plan.

^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