Universal Sompo Zero Depreciation Bike Insurance Policy

Bike insurance is necessary for all two-wheeler owners. In terms of ensuring security at the time of any unfortunate incident, a bike insurance policy also comes with several advantages through add-on covers such as zero depreciation.

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Universal Sompo Zero depreciation Bike Insurance covers the insured vehicle’s depreciation costs for its customers. It enables the customer to get the vehicle’s damaged parts repaired without factoring in the cost of depreciation.

Universal Sompo Bike Insurance Zero Depreciation Add on Cover

A comprehensive bike insurance policy can be enhanced with a zero depreciation add-on cover. It will help in enhancing the coverage without any deductions.

Every vehicle gets older with time due to wear and tear or any other reason. This is called depreciation which reduces the value of the two-wheeler. At the time of the claim, the insurer provides the amount after deduction of the depreciation charges. But with zero depreciation cover, the insurer pays off the entire amount during any mishap or accident without deduction.

Benefits of Universal Sompo Bike Insurance Zero Depreciation Add on Cover

Adding Zero Depreciation into a bike insurance policy has the following benefits:

  • No Deduction during a Claim: Depreciation on vehicle parts is not considered at the time of claim settlement. A normal bike insurance policy would factor in the depreciation for maintenance of the two-wheeler while processing a claim.
  • Claim the Total Cost of Replacement: The add-on cover includes the total cost of repair and replacement of even the depreciated parts in case of an accidental damage.  The policyholder doesn’t have to pay from his own pocket

Depreciation Rate with and without Zero Depreciation Add-on Cover


Age of the Two-wheeler

Rate of depreciation with Zero Dep.

Rate of depreciation without Zero Dep.

Less than 6 months



6 -12 months



Above 1 year to below 2 years



Above 2 years to 3 years



Above 3 years to 4 years



Above 4 years to 5 years



Above 5 years to 10 years



Above 10 years




Parts of Two-wheeler

Rate of depreciation with Zero Dep

Rate of depreciation without Zero Dep

Rubber/ Nylon/ Plastic parts



Fiberglass parts



Glass parts



Factors that affect Universal Sompo Zero Depreciation Cover

You need to adhere to certain conditions while availing the benefits of Universal Sompo zero depreciation bike insurance cover.

The conditions include:

  • The zero depreciation add-on cover is only available for two-wheelers up to the age of 5 years
  • Although zero depreciation cover comes with effective benefits, it can be used only twice a year during claims
  • Only major damages and repairs can be covered through the zero depreciation cover, but the minor or typical wear and tear aren’t counted in the claim settlement
  • There’s no coverage if the two-wheeler has any internal issues, including electrical or mechanical breakdown


Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 9 Reviews)

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Universal Sompo Zero Depreciation Bike Insurance Policy Reviews & Ratings

4.7 / 5 (Based on 9 Reviews)
(Showing Newest 9 reviews)
Bhiwandi, October 09, 2021
Reasonable rate
I talked to a friend of mine regarding bike insurance. He suggested me Policybazaar. When I went to the policybazaar, an executive showed me several plans. According to my budget, I chose Universal Sompo Two Wheeler Insurance. I got high coverage at a reasonable rate.
Saharanpur, October 09, 2021
Easy to compare
I got excellent customer service from beginning to end of the process. After comparing the plans in Policybazaar I took the Universal Sompo bike plan. I got all the features I wanted in my plan. The service was up to the mark and the entire team was very helpful.
Gorakhpur, October 09, 2021
Hassle free process
After comparing multiple bike plans on the website of Policybazaar, I decided to choose Universal Sompo two wheeler insurance as it was providing me with fascinating features. The process I went through was hassle free and so simple. I am completely satisfied with my plan.
Guntur, October 09, 2021
Financial support
I have got financial assistance in my time of need. When my bike got damaged due to a minor accident, i took the help of Policybazaar to raise the claim request. Within a few days my claim was approved. My Universal Sompo bike policy eased my financial stress.
Howrah, August 18, 2021
Found convenient
I have recently got University sompo two wheeler policy from the policy bazaar.i am glad to be a customer of policy bazaar. they are giving so much benefits under the same. like 24*7 roadside repair assistance,emergency fuel delivery,repair on the spot and many more.
Jaipur, June 04, 2021
All time support
I had bought a universal sompo two wheeler insurance policy from the website of the policybazaar. I am happy that the plan is and up to my mark I have taken this plan 2 years back and has been continuing it with same.
Hardoi, June 04, 2021
Towing facility
In my Universal sompo two wheeler insurance plan I had got towing facilities. It is a nice plan and I really like the plan. It is available in my plan. Thank you policybazaar.
Moradabad, June 04, 2021
Low premium prices
I am quite happy and convinced with the services of the policybazaar and they provided me low premium rates. I had a Universal sompo plan. Good work team.
Udaipur, May 17, 2016
Universal sompo two wheeler insurance is nice with low premiums. The policy coverage is high ~87% and the policy claims are even better. The service facilitate by the executives and staff is really very fast by which claiming procedure get easy. The tow facility is inbuilt in the policy and huge number of garages are there for all time assistance.