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✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Acko or Bajaj Allianz Bike Insurance Plan Starting at ₹482/year*

About Zero Depreciation Bike Insurance

Zero depreciation bike insurance is an add-on cover on your comprehensive bike insurance policy. With this cover on your comprehensive two-wheeler insurance plan, the insurer overlooks the depreciation cost of your bike during claim settlements.

Typically, insurers tend to factor in depreciation rate when making settlements; because of this, you do not receive full compensation when your motor vehicle is damaged beyond repair or stolen. Having a comprehensive bike insurance policy with zero depreciation cover eliminates the depreciation factor. The claim amount is paid in full, while only some of it (with basic coverage) is usually borne by you.

Depreciation in Two-Wheeler Vehicles

The Insurance Regulatory and Development Authority of India (IRDAI) has implemented guidelines for the two-wheeler depreciation rate. The depreciation rate is based on the age of the bike and the following table depicts the same.

  • Age of the Two-Wheeler

Age of the Two-Wheeler

% of Depreciation

Below 6 months


Between 6 months and 1 year


Between 1 year and 2 years


Between 2 years and 3 years


Between 3 years and 4 years


Between 4 years and 5 years


Between 5 years and 10 years


Above 10 years


  • Depreciation Rate on Two-Wheeler Parts

Two-Wheeler Components

% of Depreciation Applicable

Nylon/Rubber/Tyres and Tubes/Plastic Components/Batteries


Fibreglass Components


All other parts made of glass


Why Zero Depreciation Bike Insurance is Better Than a Basic Bike Insurance Policy?


Zero Depreciation Bike Insurance

Regular Comprehensive Bike Insurance

Claim Settlement

You receive full compensation on the claim made

The claim amount is based on the current insured declared value (IDV) of the motorcycle and depreciation

Premium Rate


Comparatively low

Repairing Expense and Plastic Fibre

Your insurer will bear all the expenses

You will have to pay it from your pocket

Benefits of Zero Depreciation Bike Insurance

Having a comprehensive bike insurance plan with zero depreciation cover offers the following benefits.

  • Higher Claim Settlement

Before resolving your bike insurance claim request, the insurer will factor in the depreciation rate for different components. As we saw earlier, bike components have a varied depreciation rate, based on which your claim settlement amount is calculated. With zero depreciation cover on your comprehensive car insurance plan, the insurer eliminates the depreciation factor when calculating your settlement amount. Therefore, you receive higher compensation.

  • Enhanced Coverage

Zero depreciation is an add-on cover on your basic bike insurance policy. It enhances the policy coverage and almost reduces your out-of-pocket expenses to zero. At a nominal premium over and above your basic bike insurance plan, you can avail optimum coverage and a better claim settlement with zero depreciation cover.

  • Repair Expenses Without Depreciated Value

Any expense incurred when replacing or repairing the damaged bike parts is taken care of by the insurer when you have zero depreciation insurance. The same will reflect in the compensation amount when a claim request is raised against your bike insurance policy.

How to Buy a Zero Depreciation Bike Insurance Cover?

Zero depreciation cover is available on comprehensive bike insurance. The process of purchasing this cover is the same as that of buying a bike insurance plan. At Finserv MARKETS, you just follow the steps below:

  1. Go to the ‘Bike Insurance’ section on the Finserv MARKETS website.

  2. Choose the type of coverage you need. You have to select comprehensive bike insurance..

  3. Proceed to opt for add-on covers. You have to choose zero depreciation cover.

  4. Enter personal and vehicle details.

  5. Submit your insurance application and pay the premium amount online.

  6. The insurer will evaluate your profile and issue the zero depreciation bike insurance shortly.

Inclusions in Zero Depreciation Bike Insurance

Here’s what your comprehensive bike insurance plan with zero depreciation includes:

  • You (the policyholder) can claim zero depreciation bike insurance twice during the policy year.

  • The cover is ideal for new motorcycles or ones that are not more than five years old.

  • The standard depreciation rate for motorcycles in India is between Nil and 40% for bikes that are less than six months old and more than five years old, respectively. However, with this cover, you can easily receive complete compensation.

  • With this cover, the insurer covers repair and replacement expenses for your bike components as well (nylon, rubber, fibreglass, and plastic components).

Note that these inclusions are in addition to the inclusions of your comprehensive bike insurance plan.

Exclusions in Zero Depreciation Bike Insurance

Along with your comprehensive bike insurance exclusions, be mindful of the following things that are not included in the zero depreciation cover.

  • The cover is not applicable for bikes more than five years old.

  • It does not cover the wear and tear of your vehicle or mechanical breakdowns.

How Much Will a Zero Depreciation Add-on Cover Cost?

Are you wondering how much the zero depreciation car insurance costs? Since it is an add-on cover on your comprehensive bike insurance policy, it usually costs 10-15% over and above the basic premium amount. So, is the zero depreciation cover worth it? In expert opinion, it most certainly is. You are paying a nominal amount to receive maximum protection for your motorcycle.

Use the bike premium insurance calculator available on Finserv MARKETS to determine the policy cost for your desired coverage and add-on benefits.

Things to Consider About Zero Depreciation Bike Insurance

Before you buy a comprehensive bike insurance policy with zero depreciation cover, here are a few things to keep in mind.

  • Zero depreciation cover is ideal for new motorcycles or bikes that are not more than five years old.

  • This add-on cover does not deduct compulsory deductibles on your bike insurance plan.

  • It offers similar protection to that of add-on cover like bumper-to-bumper insurance.


Buying zero depreciation bike insurance is worth it. If you are looking to buy this add-on and others, browse the different bike insurance plans available on Finserv MARKETS. You can benefit from features such as a wide range of add-on covers, cashless claim settlements, hassle-free renewals, 24x7 assistance, and so much more.

Check Out Bike Insurance Plans Available at Finserv MARKETS

FAQs on Zero Depreciation Bike Insurance

  • ✔️Is zero depreciation cover available for bikes that are older than five years?

    No. Zero depreciation bike insurance cover is available for bikes that are less than five years of age.

  • ✔️Can I buy zero depreciation add-on cover without a comprehensive bike insurance plan?

    No. Zero depreciation add-on cover is supposedly purchased with a comprehensive bike insurance policy.

  • ✔️What other add-on covers can I choose for my bike?

    Other add-ons that you should consider buying for your motorcycle are as follow:

    • No-Claim Bonus (NCB) protection

    • 24x7 roadside assistance

    • Engine protection

    • Consumables cover

    • Return to invoice

  • ✔️Is it mandatory to buy add-on covers over your basic bike insurance plan?

    Add-on covers provide extensive coverage to your vehicle that your comprehensive bike insurance plan might not be covering. Hence, it is highly advisable to buy only those add-ons that you think might come in handy.

  • ✔️Can I buy zero depreciation cover on my third-party bike insurance policy?

    No. Zero depreciation and other add-on covers are exclusively available on a comprehensive bike insurance plan only. You cannot enhance the scope of your third-party bike insurance with add-on benefits.

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