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We're here to help you find the perfect insurance plan. our team will get in touch. Health Insurance Travel Insurance Motor Insurance Home Insurance Lifestyle Insurance

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We're here to help you find the perfect insurance plan. our team will get in touch. Health Insurance Travel Insurance Motor Insurance Home Insurance Lifestyle Insurance

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Expert Note

This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.

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Expert Note

This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.

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Top Add-On Covers to Consider for Your Car Insurance

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Top Add-On Covers to Consider for Your Car Insurance

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Is Zero Depreciation Add-On Worth It for Old Cars?

17 Aug 2026

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Nil Depreciation Car Insurance: Meaning & Benefits

06 July 2026

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Is Comprehensive Car Insurance Enough?

Read More: Difference Between Comprehensive and Zero Depreciation Insurance

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What is Nil Depreciation Car Insurance, and What Does it Mean?

Read More: Zero depreciation car insurance

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1. What is Covered in Zero Dep

Typically, zero depreciation car insurance covers the maximum admissible repairing cost of the insured car without deducting the depreciation cost of parts. This usually includes plastic parts, rubber parts, fibreglass components, and sometimes metal parts.

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What is Nil Depreciation Car Insurance, and What Does it Mean?

With zero depreciation car insurance, the insurer covers the full cost of repairing or replacing damaged parts, except for compulsory deductibles, leading to a higher claim payout compared to regular policies.

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Our team will contact you shortly to provide personalized assistance with your insurance plan. Table Of Content Introduction What is Zero Depreciation Car Insurance? Depreciation Rates of Motor Vehicles

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Thank you for your interest!

Our team will contact you shortly to provide personalized assistance with your insurance plan. Table of Content Introduction What is Nil Depreciation Car Insurance, and What Does it Mean?

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Is Zero Depreciation Add-On Worth It for Old Cars?

A zero depreciation car insurance add-on cover means the depreciation cost of your vehicle will not be calculated during claim settlement. It can benefit the policyholder during claim settlement by significantly reducing out-of-pocket expenses. However, its value for older cars may be limited due to lower IDVs.

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Second paragraph81 words

Nil Depreciation Car Insurance: Meaning & Benefits

Nil depreciation car insurance, also known as zero depreciation car insurance, is an add-on cover that ensures you receive the full claim value without depreciation applied to car parts. Unlike standard car insurance policies, where the insurer deducts depreciation costs during claim settlement, this add-on helps in maximising your payout. It is especially useful for new car owners, luxury vehicle owners, and those who want complete financial protection. While it increases the premium slightly, the benefits make it up.

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4. Role in Claim Settlement

Zero depreciation cover makes a noticeable difference when you file a claim under car insurance. While in regular car insurance, depreciation value is deducted from the claim amount, car insurance with zero dep cover gets the full claim amount. This means the full cost of the replaced parts is covered, reducing the out-of-the-pocket expenses of car owners.

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Second paragraph31 words

What is Nil Depreciation Car Insurance, and What Does it Mean?

With zero depreciation car insurance, the insurer covers the full cost of repairing or replacing damaged parts, except for compulsory deductibles, leading to a higher claim payout compared to regular policies.

First paragraph45 words

What is Zero Depreciation Car Insurance?

Zero depreciation car insurance is an additional coverage available with comprehensive car insurance plans or standalone own damage insurance. With zero depreciation car insurance, the depreciation value of various car parts is not added during claim settlements. It means you get the full claim amount.

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Second paragraph31 words

What is Nil Depreciation Car Insurance, and What Does it Mean?

With zero depreciation car insurance, the insurer covers the full cost of repairing or replacing damaged parts, except for compulsory deductibles, leading to a higher claim payout compared to regular policies.