United India Zero Depreciation Bike Insurance Policy

A zero depreciation cover provides extended coverage to an existing bike insurance policy. In case of an accident or vehicle theft, the bike owner with a comprehensive insurance plan gets the claim only after subtracting the depreciation value from the original value of the bike. The depreciation leads to a considerable loss to the policyholder during the claim settlement. Hence, a zero depreciation cover is necessary to prevent the losses due to the two-wheeler’s depreciation.

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United India Zero Depreciation Bike Insurance Cover

United India zero depreciation bike insurance policy has been designed to cover the depreciation cost of the insured two wheeler. The value of a two-wheeler decreases as time passes. To shield themselves from the depreciation costs, the bike owners can buy the United India zero dep bike insurance.

Zero depreciation bike insurance of United India Insurance Company Limited eliminates the problem of reduction in the value of a bike due to its ageing by considering the invoice value of the two wheeler at the time of claim settlement. It covers both the own damages and third party liabilities of the policyholder without deducting the depreciating value of the insured bike. As a result, the insured bike is protected against depreciation and you can avail the insured declared value (IDV) of the bike as the maximum claim amount in case of adversity. 

The zero depreciation add-on cover is available under United India comprehensive bike insurance plans but at a higher premium amount.

Benefits of United India Zero Depreciation Bike Insurance Policy

Following are the benefits of buying the zero depreciation policy of United India Bike Insurance:

  • Bike owners need not worry about depreciation value costs that can significantly reduce the claim amount.
  • The policyholder gets a higher claim due to eliminating the depreciation factor, which will significantly increase thereimbursement amount.
  • This policy covers certain vehicle parts and accessories usually not covered under the comprehensive plan.
  • It is cost-effective and helps the bike owner tocut down the out-of-pocket expenses at the time of a claim.

Depreciation Rates on Bike Parts With and Without Zero Depreciation Cover

Under ordinary circumstances, the bike owner with a comprehensive plan cannot claim expenses for the damaged parts of the bike, such as fibre bodies, nylon materials, etc. However, the zero depreciation add-on cover under United India Two Wheeler Insurance ensures that the bike owner is covered for different kinds of damaged vehicle parts. The depreciation rate for bike parts is as follows:

Two-wheeler Parts

Depreciation Rate with Zero Depreciation Cover

Depreciation Rate without Zero Depreciation  Cover

Rubber, nylon, and plastic parts

0%

50%

Fiberglass parts

0%

30%

Glass parts

0%

Nil

Depreciation Rates on Bike With and Without Zero Depreciation Cover

The depreciation rate applicable as per the age of the two wheeler is as follows:

Age of the two-wheeler

Depreciation Rate with Zero Depreciation Cover

Depreciation Rate without Zero Depreciation Cover

Below 6 months

0%

Nil

6 months to 12 months

0%

5%

Above 1 year to below 2 years

0%

10%

Above 2 years to below 3 years

0%

15%

Above 3 years to below 4 years

0%

25%

Above 4 years to below 5 years

0%

35%

Above 5 years to below 10 years

0%

40%

Above 10 years

0%

50%

Factors that Affect the United India Bike Insurance Zero Depreciation Cover

Some of the factors that affect the United India bike insurance zero dep add-on cover are:

  • The policyholdercan get United India zero depreciation cover only if the bike is less than two years old.
  • You can claim the zero depreciation cover only two times in the entire policy tenure.
  • The policy does not provide coverage for costs arising due to the wear and tear of the bike.
  • The expensesarising from the total loss of the bike are not covered under this policy. 

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United India Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 28 Reviews)
(Showing Newest 25 reviews)
Jasraj
Salem, October 09, 2021
Hassle free process
Policybazaar offers the easiest process of buying a plan. i went through a simple and hassle free process when I got my bike insured from Policybazaar. I preferred the online process due to the covid situation and got full support from the team in the online process as well.
Kushagra
Warangal, October 09, 2021
Hassle free experience
An executive helped me understand better about the two wheeler policy. With the help of an executive I took United India Two Wheeler Insurance from Policybazaar. My experience with Policybazaar has been great and hassle free. Glad to got a great plan
Lakshay
Mira Bhayandar, October 09, 2021
Supportive staff
Policybazaar has so many good employees. Everyone in the team is amazing in their work. They are well trained and always interact well with the customers. When I went to Policybazaar for United India Two Wheeler Insurance I got so good service from the team.
Manya
Jalgaon, October 09, 2021
Problem resolver
The support I have received from Policybazaar was unexpected. Policybazaar is always ready to help its customers till the issue is resolved. I had a query related to my United India bike plan for which I contacted Policybazaar and they solved my problem in a minute.
Nandini
Thiruvananthapuram, October 09, 2021
Renewal is easy
At the time of renewal, I was visiting Policybazaar, but before going, I contacted Policybazaar to know about the documents required for renewal and the executive told me that there is no documentation in renewal process and secondly i can renew my plan from home itself.
Sakshi
Bikaner, October 09, 2021
Great benefits
On my birthday my parents gifted me a bike. A relative of mine suggested me to insure my bike. I got my bike plan from where I got my health plan. i went to Policybazaar for bike insurance and according to the benefits I wanted in my plan, i chose United India Bike Plan.
Shirija
Amravati, October 09, 2021
Faster claim settlement
Thanks to Policybazaar for helping me in my time of need. Under their guidance, I easily raised the claim request. United India Bike Plan made repairs cashless. I did not have to pay any amount for repairing as I got the claim settlement so quickly and easily.
Ritika
Amritsar, August 18, 2021
Great coverage
I had taken united india two wheeler insurance from policy bazaar. this policy also covers damages caused to third party property and person as well as own vehichle. i did not need to go anywhere. i got all the information about policy from their website.
Yogesh
Navi Mumbai, August 18, 2021
Great features
i was looking for two wheeler insurance as a middle class.one of my friend suggested me to buy United India two wheeler insurance plan as they have great features. i bought it through policy bazaar.
Rajesh
Allahabad, August 18, 2021
renewal process
i had to renew my United India two wheeler plan which i took last year through policy bazaar but i was not aware about the renewal process. i contacted customer service of policy Bazaar and they guided me so well. thanks to the team who available 24*7 for their customers.
Surendra
Basti, June 04, 2021
Great plan
I have recently purchased United India two wheeler insurance plan from policybazaar as it was within my budget and had all the benefits I wanted. Its a great plan.
Vishwas
Gorakhpur, June 04, 2021
Costeffective
My United India two wheeler insurance plan is comprehensive and easy to buy through policybazaar. It also does not burn a hole in my pocket. I am satisfied with my purchase.
Harbhajan
Balia, June 04, 2021
Great customer support
I was confused while buying insurance for my bike. After getting in touch with policybazaar customer team, I was able to make a good purchase. They helped me through the buying process of United India two wheeler insurance plan.
Ramakant
Rohini, May 12, 2021
Quick claim provided
I purchased the two-wheeler insurance from policybazaar. I bought the United India two-wheeler insurance policy. A few weeks ago I had to raise a claim after my bike met an accident and the claiming process was pretty smooth and quick. Thanks team.
Sushant
Navada, May 12, 2021
Paperless procedure
I was looking for a two-wheeler insurance plan. I bought the Bajaj Pulsar 150cc recently and I wanted an online solution as it is not safe to go out and meet anyone in person so I went on the policybazaar website and the buying procedure was pretty smooth and paperless so I ended up buying the United India two-wheeler insurance plan. I just had to upload the required documents and boom it was done.
Jignesh
Yashwant Nagar, May 12, 2021
Secure payment gateway
I bought united india two-wheeler insurance policy from policybazaar. I paid for it online as their payment gateway is very secure and my money was transacted very easily and without any lag. Thanks team
Harihar
Ichoda, March 04, 2021
Secure payment gateway
I bought united India two-wheeler insurance policy from policybazaar. I paid for it online as their payment gateway is very secure and my money was transacted very easily and without any lag. Thanks team
Avanish
Habra, March 04, 2021
Paperless procedure
I was looking for a two-wheeler insurance plan. I bought the Bajaj Pulsar 150cc recently and I wanted an online solution as it is not safe to go out and meet anyone in person so I went on the policybazaar’s website and the buying procedure was pretty smooth and paperless so I ended up buying the United India two-wheeler insurance plan. I just had to upload the required documents and boom it was done.
Sagar
Odagoan, March 04, 2021
Quick claim provided
I purchased the two-wheeler insurance from policybazaar. I bought the United India two-wheeler insurance policy. A few weeks ago I had to raise a claim after my bike met an accident and the claiming process was pretty smooth and quick. Thanks team.
Rian
Udagamandalam, February 10, 2021
Network garage available
One of the best features I like about United India group is that you can easily get the network garage available all over the India as they have many associations under the same. So, if I will get stuck anywhere and need to get repaired my two wheeler then it will be easy for me to do so. All thanks and credit goes to United India group.
Sukumar
Fakirpur, October 01, 2020
Renew your plan
I have recently renewed my two wheeler insurance policy from the United India website. It was easily accessible and I have added some of the add on covers under the same too. Thanks a lot team United India.
Suprakash
R.udayagiri, September 30, 2020
Check and compare
I have really check and compared all sorts of two wheeler policy online. It is easy and best as you can compare all the plans at one particular place and can see which one is better. So, I am highly impressed with the services of the United India team and it’s one of the next levels. Thanks a lot team United India.
Shivraj
G.mahisani, September 28, 2020
Make payment by own way
I have got the two wheeler insurance policy from the United India team and it’s one of the easiest way to get the two wheeler insurance policy. I really like the plan and have made the payment via online basis. There is no problem related to fraud and everything is transparent in nature. Thanks to whole team of United India for better facilities.
Pranit
Baarod, September 23, 2020
Online facility
It is really easy and convenient to buy the two wheeler insurance policy from the United India company. I bought it from there website and have checked various plans under their website. They are much better and convenient as compared to the other companies. Great assistance and best work.
Panini
Jabalpur, September 21, 2020
Add on covers under budget
It’s been two years that I get the two wheeler insurance policy from the United India team and simultaneously I have added some of the add on covers under the same too so that it can easily enhance my policy plan of two wheeler. It’s an amazing thing and thus quite helpful for my two wheeler and my life. Best services by the team.