Get Car Insurance starting at only ₹2,094/year #

Tata AIG Zero Depreciation Car Insurance Cover

Zero depreciation is an add-on cover available under a Tata AIG car insurance policy. It provides coverage against depreciation applicable to the insured car and its parts with an increase in its age. Also known as nil depreciation, or bumper-to-bumper car insurance, it ensures that no amount of depreciation is reduced from the insured car’s value while determining the IDV of the vehicle. In other words, it reimburses the value of depreciation deducted from the value of the car and its parts and thus, is also known as Depreciation Reimbursement cover.

Read more

  • 7500 Cashless garages

  • Plan starting @ ₹2094#

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Mobile No.
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..

      We have found best plans for you!! Our advisor will get in touch with you soon.

      In the absence of a zero depreciation cover, the Tata AIG General Insurance Company will deduct the applicable depreciation amount from the current manufacturer’s price of the insured car to arrive at the four wheeler’s IDV. Thus, this add-on cover enables the car owner to receive the full IDV of his/her car in the event of a total loss or theft of the vehicle.

      Since zero depreciation is an add-on cover, a car owner needs to buy it separately under his/her Tata AIG car insurance policy on payment of an additional premium amount. Moreover, this add-on is available only under package policy and standalone own damage car insurance policy.

      Benefits of Buying Tata AIG Zero Depreciation Car Insurance Cover

      Take a look at some of the benefits of buying the zero depreciation add-on cover from Tata AIG General Insurance Company:

      • Higher Claim Amount - It allows the policyholder to receive a higher claim amount from the Tata AIG General Insurance Company during the settlement of claims. This happens because no amount of depreciation is considered on the fibre, rubber, nylon and plastic parts of the car. However, only 50% of the depreciation value applies to the batteries, tyres and tubes of the insured car.
      • Reduces Out-of-Pocket Expenses - It reduces the out-of-pocket expenses of the car owner as he/she does not have to bear the value of depreciation applicable to the insured car and its parts.
      • Saves Money - It helps a car owner to save money in the long run as it enables him/her to get a higher claim amount and prevents him/her from incurring a financial loss. The cost of this add-on cover is way lower than the out-of-pocket expenses that he/she may have to pay in the absence of the zero depreciation cover.
      • Amplifies Policy Coverage - The zero depreciation cover amplifies the coverage level of the car insurance, thereby, reducing the out-of-pocket expenses of the car owner.

      Special Conditions Applicable to Tata AIG Zero Depreciation Car Insurance Cover

      There are certain special conditions that apply to a Tata AIG zero depreciation car insurance add-on cover. Take a look at these special conditions given below:

      • Age limit - The zero depreciation cover is only available for cars up to five years old.
      • Number of Claims - A car owner can register only two zero depreciation claims in a policy tenure.
      • Authorized Garage - This add-on cover can only be utilized if the insured car is sent for repairs at an authorized garage of Tata AIG General Insurance Company.

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
      Average Rating
      (Based on 127 Reviews)
       Why buy from policybazaar
      Tata AIG Car Insurance Reviews & Ratings
      4.6 / 5 (Based on 127 Reviews)
      (Showing Newest 10 reviews)
      Hoshiarpur, December 08, 2021
      Prompt service
      Policybazaar helped me to get the right deal for my car. i took tata aig car insurance from here and the team clarified many of my doubts regarding car insurance. Policybazaar provided me prompt service and its staff are very friendly and helpful.
      Latur, September 08, 2021
      Hassle free experience
      I had never bought a policy before this. I have recently taken car insurance. Earlier I used to think that buying a policy is very complicated but i was wrong. I took my car insurance very easily from policybazaar without any hassle.
      Coimbatore, August 30, 2021
      Simple renewal process
      if i have to rate policy Bazaar service i would like to give 10 on 10. i have bought car insurance from their website and i got many features under my policy. i got some discount on my premium. Tata AIG car insurance provides simple and hassle free renewal process.
      Faridabad, August 27, 2021
      Good assistance
      I saw a lot of car plans on policy bazaar website out of which I chose Tata AIG car insurance as they are providing me coverage of personal accident damages and 24*7 claim assistance service under the comprehensive plan.
      Ludhiana, August 26, 2021
      Smooth procedure
      I have been using Tata Aig car insurance for 2 years which I bought from the website of policy bazaar. Procedure was so smooth and easy. The team guides you in well mannered way and give your full support. Completely happy with service.
      Thane, August 25, 2021
      Great features
      After comparing car insurance plan on the website of policy bazaar. i chose Tata Aig car insurance plan. i got great coverage at affordable rate. Policy bazaar provides Extra features too at affordable rate. I would love to recommend to others.
      Indore, August 25, 2021
      Problem resolving
      I bought Tata Aig car insurance from policy bazaar. I was facing some problem, for that i contacted policy bazaar and their team resolved it very quickly. Thanks you policy bazaar for quick response.
      Puri, August 20, 2021
      Best service
      I recently renewed my Tata AIG car insurance plan which i have taken from Policy Bazaar. I had forgotten my renewal time but I received messages and calls from Policy bazaar to remind me about the policy renewal. Thank you policy for giving me best service.
      Chennai, August 20, 2021
      Hassle free experience
      For a long time i was looking for a good insurance providers for my car and my search ended on the website of policy bazaar. i found the plan i was looking for. i would just like to say i had hassle free experience with policy bazaar.
      Medininagar, August 18, 2021
      within budget
      Tata AIG car insurance has more than 3000 network garages and they provide best features to their customer. i have bought it from policy bazaar. i really liked the features provided under the policy, plan was in my budget too.

      Car insurance articles

      Recent Articles
      Popular Articles
      All You Need to Know About Standalone OD Insurance

      29 Sep 2023

      The concept of Own Damage(OD) is not a new one. For those of us
      Read more
      Your Guide to Reducing the Chances of a Rejected Motor Insurance claim

      29 Sep 2023

      Filing a motor insurance claim can be a complex process, and
      Read more
      Top things to keep in mind when Renewing Car Insurance

      29 Sep 2023

      To continue receiving coverage benefits, it's necessary to renew
      Read more
      Importance and Benefits of Comprehensive Car Insurance Policy

      20 Sep 2023

      Having third-party car insurance is mandatory as per the motor
      Read more
      5 Common Myths About Buying Motor Insurance

      13 Sep 2023

      When buying car insurance, it is essential to have a thorough
      Read more
      Check Vehicle/Car Insurance Status Online on Parivahan Sewa, Vahan, IIB & RTO
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      How to Find Car Insurance Details by Registration Number?
      As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act, 1988. Sometimes, you
      Read more
      How to Transfer Car Insurance Policy?
      An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance
      Read more
      Vehicle Scrappage Policy in India: All You Need to Know
      With an aim to phase out unfit and polluting vehicles, the Government of India has rolled out Vehicle Scrappage
      Read more

      Download the Policybazaar app
      to manage all your insurance needs.