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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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What is EP (Engine Protect) in Car Insurance? How to Save Money on Car Insurance The Impact of Driving Behaviour on Premiums Standalone Own Damage vs. Comprehensive Car Insurance: Which One is Right for You?

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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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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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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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Nil Depreciation Car Insurance: Meaning & Benefits

06 July 2026

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

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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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Is Comprehensive Car Insurance Enough?

Read More: Difference Between Comprehensive and Zero Depreciation Insurance

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How is Nil Depreciation Different From Regular Car Insurance?

For example, if repair costs are ₹20,000, a standard car insurance policy may pay ₹12,000 after depreciation, but with zero depreciation car insurance, you would get the full amount.

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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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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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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 Zero Depreciation Car Insurance? Depreciation Rates of Motor Vehicles

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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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Second 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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What Does Nil Depreciation Car Insurance Cover?

This add-on usually covers parts like plastic, rubber, and metal. These parts depreciate quickly in standard policies. Also note that the nil depreciation applies only to accidental damage claims under comprehensive insurance plans. Insurers may limit the number of claims allowed under this add-on.

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6. Scope of Zero Depreciation

Zero depreciation is an add-on that can be included with a comprehensive car Insurance policy and cannot be purchased separately. It is generally available for cars that are up to five years old. In addition, there may be limits on how many claims you can make under this add-on within a single policy year.