Zero Depreciation Car Insurance

What Is Zero Depreciation Car Insurance Cover?

Zero depreciation is an additional benefit (add-on) that every car owner can enjoy at the cost of paying an extra/higher premium. Zero depreciation is usually not included in the standard/comprehensive no-frills insurance policy.

At the time of insurance claims, every insurance company always calculates and applies the depreciation rate to decide the amount payable (with reference to the damaged part of the car) for settling the claim. The difference in cost between the market price of the new part and depreciated part needs to be shelled out by the insured/car owner.

With zero depreciation add-on, when you file an insurance claim due to damage/loss to your car, the insurer covers the entire cost without accounting for/counting in the vehicle’s depreciation. Zero deprecation is an attractive prospect for customers who want a smooth claim settlement in the future, along with peace of mind. For a brand new car, buying this add-on is definitely a worthwhile investment as long as paying the additional premium doesn’t burn a hole in the owner’s pocket.

What Is Depreciation Rate In Car Insurance?

Though the depreciation rates taken into account vary from one insurance company to another, there are some standard policies followed by every company. Some parts of the car age faster than the others. Hence the depreciation value is higher for them. Depending on these factors, the insurer applies different depreciation rates for different parts of the car.

Rubber/plastic parts, tyres/tubes, battery etc. are susceptible to maximum amount of wear and tear. Hence, the depreciation rates applied on them are usually higher compared to other parts like fibre glass, etc. The depreciation of metallic parts are based on the age of the vehicle.

The Insurance Regulatory and Development Authority (IRDA) has set some guidelines on the depreciation of car parts:

Plastic, nylon, and rubber parts 50% depreciation is deducted
Car batteries 50% depreciation is deducted
Fibreglass components 30% depreciation is deducted
Wooden and metallic components The depreciation is calculated based on the age of the vehicle. This could be 5% at the end of the first year, 10% at the end of the second year, and so on.

Some Important Aspects Of Zero Depreciation:

  • Applicable only on new cars

Usually, only new cars can avail the zero depreciation add-on. A certain age limit is given by the insurer, with regards to the same. If your car is older than the specified limit, it is not eligible to enjoy this add-on.

  • Compulsory excess

The coverage offered is not 100%, always. Some insurers don’t cover normal wear and tear and mechanical breakdown under this add-on. Every customer who has taken a zero depreciation has to pay a mandatory policy excess. This is known as compulsory excess.

  • Restriction on number of claims

A zero depreciation add-on cover may limit the number of claims that can be made annually. Again, this may vary from one insurance company to another.

Your car is vulnerable to a lot of threats, damages and unforeseen circumstances. A comprehensive car insurance policy protects your car from every possible danger. Strengthen this protection by choosing from a wide range of add-on covers. Give your vehicle the attention and care it deserves by choosing the right car insurance policy and add-on covers.

Differences Between Zero Depreciation And Comprehensive Car Insurance Policy:

Comprehensive Car Insurance Policy Zero Depreciation Car Insurance
Is the all-encompassing car insurance policy inclusive of add-on covers and protection against financial liabilities arising from a number of common, everyday scenarios. This insurance policy protects the owner/driver of the vehicle against the depreciation factor due to normal wear and tear that impacts the settlement value in case of claims.
Usually includes add-on covers to boost the overall effectiveness of the policy (Eg- Personal accident cover, Hospital cash, Key replacement cover, etc.) Is usually offered as an optional add-on cover alongside the comprehensive car insurance policy. However, customers can also choose to opt for this as a standalone policy.
Since many scenarios are covered, the applicable premium amount is expected to be higher, however it is lower as compared to Zero Depreciation policy. Since this policy provides protection against ONLY the depreciation factor, the applicable premium amount is expected to be low. However, it is higher when compared to the normal policy.
Ideal for those who are looking for complete protection for their cherished vehicle and are conscious about the budget involved. Ideal for those who deem themselves confident drivers and could do with a little less insurance. Also, people can opt for this policy to stop losing money due to the depreciation factor when raising a claim.

Benefits Of Zero Depreciation Car Insurance:

The following points illustrate the benefits of zero depreciation car insurance, from the context of an average, everyday motorist-

  • When raising a claim, the insured is assured of 100% settlement of the cost of the vehicle’s repairs, without taking into consideration the depreciation factor that arises from normal wear and tear.
  • The normal, comprehensive car insurance policy doesn’t account for damages incurred by the glass, plastic, nylon, fibre, etc. parts of the vehicle. However, zero depreciation policy pays for all of these.
  • The inherent cost of subscribing to the zero depreciation car insurance policy might be a tad more than the conventional policy, however, this gap is usually made up for when the insured raises a claim after a particularly nasty accident.
  • Assures 100% mental peace and satisfaction to the insured, in the knowledge that he/she is unlikely to lose any money when tending to their damaged vehicle. Technically, they are repairing their accident battered vehicle for free.

Is Zero Depreciation Insurance Promoting Careless Driving?

Considering the watertight protection offered by the Zero Depreciation Insurance policy in the case of a claim, many subscribers may feel a sense of invincibility in the knowledge that with this cover, all their losses will be recovered without losing anything to the depreciation factor. This begs the question- Is zero depreciation insurance policy promoting careless driving?

Yes No
Customers’ attitude towards expensive auto repairs is changing, as everything can be set right at little to no personal expense. Customers are still concerned about the No Claim Bonus (NCB). They lose this lucrative benefit when they raise a claim.
Customers use these trips to the garage to refill up on, and set right nags that may not require servicing. Every inconsequential problem with the vehicle is likely to send it packing to the garage. Most people still consider Zero Depreciation insurance to be an expensive indulgence. If they have it, they are more likely to utilise it in extreme cases of damage incurred by their vehicle.
Zero Depreciation Insurance is usually not available for the entire lifetime of the vehicle. Thus, individuals might be tempted to avail it before the time runs out on them. For the unsure driver, Zero Depreciation Insurance acts like a confidence booster. It is bound to take away the fear of incurring massive repair bills if damage were to happen, and help the subscriber prepare better for a rainy day.

Thus, this question has no clear cut answer. How the policy will be used and if it breeds careless driving habits will ultimately depend on the individual driver. However, recent instances point to car insurance companies paying particular attention to this disruption inducing policy and have denied its availability to specific vehicle makes that have been known to be particularly prone to accidents and damage.

Who Should Purchase The Zero Depreciation Cover?

If you are the owner of a new car, buying a zero depreciation rider to enhance its insurance coverage is a good idea. The rider also suits new drivers who are more prone to damaging their vehicles. However, it should be noted that even the most experienced of drivers can be involved in an accident that was the fault of the third-party. In this situation also, a zero depreciation cover would come to the rescue of the driver.

So, if you own a new car and do not mind paying the extra premium for this add-on cover, you should go for it.

What Is The Additional Premium Payable For A Zero Depreciation Cover?

Since a zero depreciation cover offers you the entire claim amount without considering depreciation, it will certainly be priced quite high. The general understanding is that a with zero depreciation add-on cover will cost around 15%-20% more than the base policy alone.

However, the actual cost varies on the basis of the policyholder’s driving history and the regulations set by the insurance company.

What Are Your Savings In A Year When You Have A Zero Depreciation Cover?

Let us consider an example to understand how the zero depreciation cover works in the event of a claim. Say, the cost of your car is Rs.8 lakh. Suppose the cost of damage to its parts and depreciation is as shown below:

Part of the car Cost of damage (Rs.) Percentage depreciation Cost of depreciation (Rs.)
Metal part 10,000 5% or 0.05 500
Fibreglass part 2,000 30% or 0.3 600
Plastic part 10,000 50% or 0.5 5,000
Windscreen 2,000 0 0
Labour 5,000 0 0
Total expenses 29,000 - 6,100

So, if you have a comprehensive car insurance policy without the nil depreciation cover, you will have to pay Rs.6,100 for the repairs.

Now consider a scenario in which you have the zero depreciation cover attached to your base auto insurance policy. The total expenses that you will be bearing in a year are as detailed in the table below:

Cost of auto insurance and claim amount Amount without zero depreciation cover (Rs.) Amount with zero depreciation cover (Rs.)
Basic premium (I) 14,000 14,000
Cost of zero depreciation add-on (II) 0 3,000
Total cost of the policy (A) = (I) + (II) 14,000 17,000
Deductible for each claim raised (III) 3,000 3,000
Cost of repair of the car, based on the table above (IV) 29,000 29,000
Cost of depreciation borne by the policyholder, based on the table above (V) 6,100 0
Total expenses borne by the policyholder (B) = (A) + (III) + (V) 23,100 20,000
Policyholder’s savings (C) = (IV) - (B) 5,900 9,000

The above table indicates that the policyholder can get significant savings even if he/she raises only one claim in a year.

Exclusions In Zero Depreciation Plans:

Zero depreciation plans, also referred to as bumper to bumper insurance, have some exclusions as described below:

  • The plan is not offered to cars that are more than 5 years old.
  • The zero depreciation cover is not provided to vehicles that have clocked more than a specified number of kilometres.
  • Nil depreciation cover usually has limitations on the maximum number of claims that can be raised in a year. This is implemented by insurers to prevent policyholders from raising claims for every small dent or damage. The limits vary between insurers, so you should check the policy documentation to understand the specifics for your plan.
  • A zero depreciation cover does not protect the car from damage to its engine through oil leakage or water ingression.
  • Standard wear and tear to cars and car parts such as clutch plates, tyres, bearings, etc. are not covered under nil depreciation insurance.
  • Other exclusions from bumper to bumper insurance include mechanical breakdowns (that do not result in an accident) and consequential damages.
  • Cost of oil, such as gear oil, clutch oil, brake oil, engine oil, coolant, etc. are not covered.
  • Compulsory deductibles are not covered under a zero depreciation plan. At the time of a claim, the amount corresponding to compulsory deductibles will have to be borne by the policyholder.
  • A private car being used for commercial needs is not included in the coverage of the plan.
  • The driver not carrying a valid driving license is also not covered.
  • The driver being under the influence of drugs or alcohol is excluded from coverage.
  • If the claim is not made within the stipulated timeframe, it will not stand valid.
  • The driver using the car for malicious purposes is also not covered.

When Is A Zero Depreciation Claim Null And Void?

When a claim is raised against a zero depreciation add-on cover, it will not be honoured by the insurance company if any of the exclusion criteria are met. It is important that the policyholder furnishes accurate information with justifying documents when raising the claim to prevent it from being invalidated.

Shortcomings Of Nil Depreciation Cover:

  • One of the main disadvantages of buying bumper to bumper insurance is the cost factor. If you are looking to insure your car at a minimal cost, then this is not an option.
  • Zero depreciation cover also has a considerable number of exclusions. The basic exclusions involved in comprehensive car insurance are valid here as well.
  • Zero depreciation cover is not offered to vehicles that are more than 5 years old.
  • There are limits on the maximum number of claims that can be raised under a zero depreciation cover in a year.

Does It Make Sense To Go For This Cover?

If you are not very particular about containing your car insurance expenses to a certain limit, then you should go for a zero depreciation cover. This will enhance the coverage of your policy to a great extent and offer maximum protection for your car.

  • The zero depreciation cover is very useful for owners of new cars.
  • Also, if you are not an experienced driver, it makes sense to buy this coverage.
  • Owners of high-end cars with expensive parts can also benefit from this insurance cover.
  • If you live or park your car in an area where the incidence of car thefts or other such crimes are high, you should protect your vehicle with bumper to bumper insurance.
  • If you are conscious about small dents or bumps that may surface on the body of your car, you should consider taking zero depreciation insurance.

Zero Depreciation Car Insurance FAQs:

  1. What factors affect the premium of a nil depreciation cover?

    The premium you pay towards a zero depreciation add-on cover is based on the following factors:

    • Age of the vehicle
    • Model of the car
    • The location of usage and parking of the car
  2. Which insurers in India offer zero depreciation insurance?

    Most of the Indian insurance companies offer zero depreciation cover as an add-on policy. This includes:

    • Bajaj Allianz
    • Bharti AXA
    • Tata AIG (refers to the add-on as depreciation reimbursement cover)
    • Royal Sundaram (refers to the add-on as depreciation waiver cover)
  3. Will the zero depreciation add-on policy offer coverage for theft of the car’s tyres?

    This depends upon the policy wordings. Usually insurers offer this cover only for the repair or replacement of tyres/tubes due to accidental damage.

  4. I have a restricted cover policy with my insurance company. Can I avail the nil depreciation add-on insurance for my car?

    No, add-on covers can be availed only with a comprehensive package policy.

  5. I have heard that insurers offer add-ons as bundles. Can I choose only the zero depreciation add-on?

    Insurance companies offer add-on covers in bundles so that a customer’s policy coverage is optimised. However you can request for only the zero depreciation add-on cover, if that is what you specifically require.

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News About Zero Depreciation Car Insurance

  • Replacement of Ford EcoSport might be going by the name Puma, might launch by Sept 2019

    A new small SUV concept has been spotted testing around the headquarters of Ford in Cologne, Germany. The new car is expected to be the next generation of the famous EcoSport, a compact SUV that was launched by Ford which went on to become one of the most successful cars launched by the company. The new car has a lot of similarity to the newly redesigned hatchback variant of Fiesta. It is expected that the design of the vehicle will bear a lot of resemblance to the new generation Ford Fiesta hatchback. The new model will replace the boxy structure of the EcoSport. The front side of the vehicle will be getting the Ford grille that is signature to the brand. The headlamps of the vehicle have been pulled back by a small amount and the vehicle will be getting a boot lid which will be conventionally top hinged. When compared to the older SUV, it is expected that the new SUV will be a little larger than the existing SUV. The new model could be revealed in the 2019 Auto Show to be held in Frankfurt during the later stages of the 2019. It is expected that the new SUV will make its debut in the Indian market sometime in the year 2020.

    2 February 2019

  • Mahindra XUV300 Gets Revelation Before Official Launch

    Mahindra is all set to launch its compact SUV, the brand new XUV300. The vehicle is all set to launch in the month of February, in the following year of 2019 and that’s why the design of the vehicle was unveiled for the first time ever now.

    Having shared its x100 platform with the SsangYong Tivoli, the latest model’s design has been compared to that of a Cheetah which is very much similar to its older sibling, the XUV500. This is quite evident from various aspects - Mahindra has successfully claimed the flared wheel arches which are located at the back of the vehicle. These arches evidently are on very similar lines with that of the Cheetah model muscular haunches.

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    7 January 2019

  • Ford Warns Citizens to be Wary of Traffic Rules and to be More Compliant

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    In its survey, Ford has included more than ten cities in order to assess people’s behaviors on the roads while driving. The survey has further revealed that there is an immense lack of seriousness amongst the drivers of India.

    7 January 2019

  • Mini Cooper John Cooper Works facelift revealed

    The latest version of the Mini Cooper hatchback and convertible has been revealed and it comes with a John Cooper Works badge. The trim is based on the recently facelifted model that made its way to the Indian market in May 2018 and it comes with more standard equipment and a hardcore styling.

    The JCW Mini Cooper is powered by a 2.0-litre, twin-turbocharged, four-cylinder engine that is capable of delivering around 234 bhp. The hatchback can clock 0-100 kmph in 6.3 seconds whereas the convertible does the same in 6.6 seconds. This Mini Cooper trim comes with 2 different gearbox setups.

    It offers a standard 6-speed manual gearbox or an optional 8-speed automatic gearbox. The British carmaker claims that this version of the car gets a new particulate filter which has been integrated into the exhaust system to allow a characteristic sound inside and outside the vehicle. The car comes with LED headlamps and tail lamps, rain sensing wipers, automatic headlamps, a brand new sports suspension setup, and a new 17-inch allow wheels setup. Safety features include brake assist, crash sensors, stability control system, ABS, and cornering brake control. In addition to the new body kit on the JCW Mini Cooper, the car also gets a set of tail lamps which features the design line of the Union Jack.

    4 January 2019

  • New Palisade SUV unveiled unveiled by Hyundai

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    18 December 2018

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    17 December 2018

  • New SUV to be launched by Skoda in India

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    14 December 2018

  • Mahindra Marazzo might get costlier in 2019

    The new 7-seater MPV, Mahindra Marazzo, is going to get pricier next year. The company has decided to increase the price of the car by Rs.30,000 to Rs.40,000 from 1 January 2019. This price hike hasn’t come as a surprise as earlier, during its launch in the month of September 2018, Mahindra had declared that the Marazzo has been launched at an introductory price and it can increase later. Currently, the Marazzo is sold at a starting price of Rs. 9.99 lakh (ex-showroom Delhi). After its launch to date, Mahindra has received a great response from the buyers and this is why the company has decided to increase the price in the coming year.

    13 December 2018

  • Honda Electric Vehicle to Make Its Way to the Indian Market by 2024

    Honda Car India is planning to introduce an electric vehicle (EV) in India by 2023-24. Reportedly, the electric car which will be under production after 2019 after the car manufacturing giant unveils the electric plan for the model for a bigger set of markets. The vehicle that will become available in the Indian market is expected to be a 'B' segment vehicle, which is currently being developed while keeping the customers of the country in mind. Even though the government is yet to roll out its electric vehicle policy, Honda will not be waiting for the policy changes to introduce its electric products in the country. As per the statements of an official in the company, the hybrid solution of the City sedan has already been defined, and the EV solution for a B segment car or an SUV is part of the plan.

    Honda has been relying heavily on its petrol models for the Indian market since its venture. However, the company doesn’t want to lag behind when it comes to green mobility. Honda is considering to introduce an electric city car with an approximate range of 150-200 km.

    12 December 2018

  • Toyota Camry revealed in Thailand: to be launched in India very soon

    The 8th generation of the Toyota Camry has been recently launched in the Thailand market. The Camry is one of the most sought-after cars from the production line fo Toyota with a huge international following as well as a huge fan base in India. Although the eighth gen Toyota Camry has been spotted testing on the Indian roads a number of times, there are no official announcements on the part of the Japanese automakers regarding the launch timeline of the Camry in India.

    The car is built around the Toyota New Global Architecture (TNGA), which is codenamed as GA-K in the Camry. The dimension of the car has been revised and is now more spacious than the previous generations with better legroom for passengers. The latest iteration of the car is packed with features and is powered by a reworked version of the 2.5-litre petrol engine that can juice out 176 bhp of max power and about 221 Nm of peak torque. Safety features on the car include 9 airbags, VSC, traction control, Brake Assist, ABS and EBD, blind spot detection system, hill start assist, and rear cross traffic alert. The standard features on all the variants of the car include keyless entry, 8-way powered front seat, wireless charging, dual zone climate control, multi-info instrument cluster, 9-speaker audio system, and so on. The car is likely to be made in India which will help reduce the price here.

    6 December 2018

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

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Zero Depreciation Car Insurance Reviews

Page 1 of 50 1 2 3 4 5
  • ICICI Lombard Car Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    For my previous car I had ICICI lombard, it was comprehensive fortunately I didn't have any claim at all. Even I didn't go any where, they have online renewal process. I took swift 2012 model, at the time the premium was higher but its recommendable from my end.
    Was this review helpful? 0
    , chandigarh
    Reviewed on Jun 18, 2019
  • review
    review Car Insurance
    "Good Claim Experience"
    0.5 5.0/5 "Blown Away!"
    I had big accident at last year, they covered upto 2.5 lakhs its covered fully not even I spend single penny from my pocket, they have own terms, the claim process was easy. Everything was simpler, Bharthi Axa is providing bumper to bumper I paid around Rs. 36,000 for one year.
    Was this review helpful? 0
    , chandigarh
    Reviewed on Jun 18, 2019
  • National Insurance Car Insurance
    "GOOD"
    0.5 4.5/5 "Excellent!"
    I had no claim experience with NATIONAL INSURANCE and using from last more than 8-9 years. The premium paying was nominal than others when compared also the IDV value was nominal. The policy coverage is for bumper to bumper and also they are no claim, road side assistance is there.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 17, 2019
  • Iffco Tokio Car Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the car insurance policy with IFFCO TOKIO GENERAL INSURANCE and using from last 2013 and i no claim experience also coverage is for bumper to bumper for full coverage. The premium and the IDV value is good compared to the others. There are benefits of road assistance is not there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 16, 2019
  • review Car Insurance
    "Nice price"
    0.5 4.0/5 "Great!"
    They have provided me a good IDV value for the less premium amount. The Policybazaar people has taken the initiative they have assisting the policy while i purchasing the policy. I have paid the premium amount of Rs. 4500 for the IDV value of Rs. 3.5 lakhs. Its a comprehensive policy. They are provided me a no claim bonus and i do not have any claim experience till now.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 14, 2019
  • United India Car Insurance
    "Recommendable policy"
    0.5 3.0/5 "Satisfactory"
    Since my friend is working in United India hence i have chosen the car insurance policy from them. Since the car is 5 years old, they won't provide the zero depreciation policy and its a third party policy. I have paid the premium amount of Rs. 1800 and the premium is very less and the coverage amount is less than lakhs. I have got my no claim bonus and i don't have any claim experience with them. They have sent the hard copy of the documents to the customer's address without any request.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 14, 2019
  • ICICI Lombard Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I had a claim experience with the card insurance policy holding with the ICICI LOMBARD GENERAL INSURANCE where the claim i got was 100%, the customer support is good. The premium paying through online it was higher. IDV value is good. Coverage is for zero dep. There was road side assistance is available.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 13, 2019
  • review Car Insurance
    "Value for money"
    0.5 5.0/5 "Blown Away!"
    I took my car insurance through an online channel from Kotak General. I chose this insurance company because of the premium is cheaper than others. I paid the premium around Rs. 17,000 for one year. I have a comprehensive plan as it covers my entire car parts and also it has a accidental cover. But the support team need improvement, however I got the IDV value around 8 lakhs for honda citi car.
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    , kolkata
    Reviewed on Jun 13, 2019
  • National Insurance Car Insurance
    "Value for money"
    0.5 5.0/5 "Blown Away!"
    I availed car insurance with National Insurance company for that I paid the premium around Rs. 8000 for one year. I took comprehensive plan which cover for me and the vehicle. They do have road side assistance, 24 hours service. Whenever I go for the renewal they are providing no claim features its good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 12, 2019
  • ICICI Lombard Car Insurance
    "Reliable policy"
    0.5 5.0/5 "Blown Away!"
    I had a claim experience twice with ICICI lombard which is good and its a 100% cashless claim. They have processed the claim immediately. In my policy, i got a no claim bonus, road side assistance and its zero depreciation policy. I have been paying the premium amount of Rs. 15000 and the policy got expired last month and they have sent me a reminder alert and calls.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 11, 2019
  • HDFC Ergo Car Insurance
    "Good claim experience"
    0.5 4.0/5 "Great!"
    I faced a claim with HDFC ERGO, when my car glass got damaged I got the cashless garages within 18 days they have rectified the issue. I paid the premium of Rs. 11,900 for one year. I availed zero dep its covers all plastic, glass material. Even the insurance company got tied up with garages.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jun 11, 2019
  • ICICI Lombard Car Insurance
    "Good Policy"
    0.5 3.5/5 "Pretty good"
    ICICI is the one of the top banker and the policy has tie up with ICICI hence i have chosen my car insurance policy with them. I pay the premium amount of Rs. 30000 and its not a 100% covered policy. I had a claim experience with them and it was not a cashless and I'm not satisfied with it. Compared to others, there are so many restrictions. They have a charged slip and they will verify everything then only they will return the money and the process also got delayed.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 11, 2019
  • ICICI Lombard Car Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have paid Rs.6800 for one year car policy with ICICI Lombard. I have Santro car which is 12 years old. It is a comprehensive third party insurance. The renewal process was very simple and never had any challenges. I am doing online renewal and the insurance paper sent on time. Out of 12 years claimed 3 times, the process was very smooth and easy. The garages are more for cashless.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 11, 2019
  • Oriental Insurance Car Insurance
    "Good Policy to use"
    0.5 3.0/5 "Satisfactory"
    I am paying the premium amount of Rs. 18000 for my car insurance policy which i taken from Oriental. I get a coverage amount of Rs. 3.50 lakhs and they are providing a cashless claim and till not applied for any claim. They have provided me a bumper to bumper and road side assistance and its not a zero depreciation policy.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jun 11, 2019
  • Reliance General Car Insurance
    "Very Good Policy"
    0.5 4.5/5 "Excellent!"
    Actually its a company lease car, hence with their interest, they have provided me a policy with Reliance. This is a first party and third party covered policy. Since the company is paying the premium, I'm not sure about the premium amount and coverage amount. I do not have any claim experience
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 09, 2019
  • ICICI Lombard Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I had no claim experience with the ICICI LOMBARD GENERAL INSURANCE where i have been using the policy since from lat few years. The premium paid was nominal also the policy coverage is for bumper to bumper. There is a no claim bonus also the road side assistance is with this policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 08, 2019
  • HDFC Ergo Car Insurance
    "Good claim experience"
    0.5 4.0/5 "Great!"
    I claimed with HDFC Ergo because there was some scratches on my swift dezire car, due the parking area. On that time I just paid Rs. 1000 registration fee remaining amount around Rs. 28,000 was claimed from my car policy . However I paid the premium of Rs.9000 for zero depreciation plan.
    Was this review helpful? 1
    , delhi
    Reviewed on Jun 08, 2019
  • National Insurance Car Insurance
    "Good for money"
    0.5 5.0/5 "Blown Away!"
    I have Santro car it was manufactured in 2015, I took comprehensive plan its fully covered. I believe last time I paid Rs. 5500 of premium, however is no claim but they have road side assistance, 24 hours service with other benefits like no claim feature.
    Was this review helpful? 1
    , kochi
    Reviewed on Jun 06, 2019
  • Bajaj Allianz Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the car insurance policy with the BAJAJ ALLIANZ GENERAL INSURANCE and using it since from last one year. I had no claim experience with this policy and also policy coverage with this policy is for basic with this policy.
    Was this review helpful? 1
    , bhubaneshwar
    Reviewed on Jun 03, 2019
  • review Car Insurance
    "Policy is very good"
    0.5 5.0/5 "Blown Away!"
    Bought my car insurance from Kotak Mahindra Insurance. Not any particular reason for choosing the company. I have a claim experience. The given IDV value is Rs. 4.60 lakhs and i am satisfied with it. I have paid the premium amount of Rs. 12000. They are providing a no claim bonus, road side assistance and its a zero depreciation.
    Was this review helpful? 1
    , noida
    Reviewed on Jun 03, 2019
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