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- New India Assurance Zero Depreciation Car Insurance
New India Assurance Zero Depreciation Car Insurance
The zero depreciation or nil dep add-on offered by the New India Assurance Co Ltd. is a valuable coverage option for car owners to consider when buying four-wheeler insurance. With New India Assurance zero dep car insurance, policyholders can claim the total amount under their own damage or comprehensive car insurance policy as the insurer also covers your car’s depreciation.
Benefits of New India Assurance Zero Depreciation Car Insurance
A nil dep add-on in a motor insurance policy allows policyholders to claim the entire cost of car repair or part replacement, including their depreciated value in case of accidental damage. Check out some benefits offered with New India Assurance zero depreciation car insurance:
- Improved Protection: In contrast to a standard vehicle insurance policy that offers a specified amount of coverage, a nil depreciation add-on provides full compensation for damage repairs, ensuring total coverage for your car in case of an unfortunate accident.
- Cashless Repair: With New India Assurance bumper to bumper protection, car owners have to pay nothing for repairs to their car's rubber, metal, nylon, or fibreglass parts if done in the insurer's authorised network garages.
- Huge Savings: By slightly increasing your own damage or comprehensive car insurance premium, you can save a lot of money in the long run with a zero dep add-on since your insurer doesn't consider vehicle depreciation costs during claim settlements.
How to Buy New India Assurance Zero Depreciation Add-on Cover?
Car owners can quickly buy zero dep add-on along with their car insurance online. Here is how you can start to secure your vehicle:
- Navigate to Policybazaar.com and select "Car Insurance" from the homepage.
- On Policybazaar.com, choose 'Car Insurance' from the 'Insurance Products' drop-down.
- Enter your car's registration number and other required details to view insurance offerings.
- Select the New India Assurance four-wheeler insurance plan from the list of car insurance quotes.
- Under 'Add-ons', add the "Zero Depreciation" cover to view the updated policy pricing.
- Pay your policy premium digitally through cards, net banking, or UPI.
- Upon successful payment, you will receive your New India Assurance zero depreciation car insurance via email.
New India Assurance Zero Depreciation Car Insurance Claim Process
In case of an unfortunate incident, you can smoothly file a claim under your New India Assurance zero depreciation motor insurance policy. Here is the hassle-free process:
- Immediately inform the insurer about the damages caused to your vehicle in an accident.
- Upon intimation, your insurer will register a claim under your car insurance policy.
- To evaluate the damages and estimate the repair costs, your insurer will assign a surveyor for vehicle inspection.
- Now, your insured vehicle will be sent for repairs or part replacement to one of your insurer's authorised garages.
- Your insurer will settle the claim directly with the garage after the repair work.
- Since you have a zero dep add-on, there won't be any deductions for vehicle depreciation, and your insurer will pay the full amount to the garage.
Documents Required for a New India Assurance Zero Depreciation Car Insurance Claim
Keep the following documents handy while initiating a claim against your zero dep insurance:
- Car insurance policy documents and premium receipt
- Driving licence of the owner/driver
- Police FIR (if applicable)
- Registration certificate of the insured vehicle
- Fitness/permit certificates
- Rightfully filled and signed claim form
- Original repair bills
- Repair estimates and receipt
- Road tax verification
FAQs
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Q1. Is zero dep insurance offered for cars older than 5 years?
Ans: Yes. Typically, most insurers provide nil dep add-on for cars up to 5 years old, but some companies have started extending this coverage to cars aged 5 to 10 years. -
Q2. How many claims can I make in a policy year against my zero dep car insurance?
Ans: You can make claims up to a certain limit as stated in your car insurance policy schedule. -
Q3. Are engine and tyre damages covered under the zero depreciation add-on?
Ans: No. A zero dep add-on doesn't cover accidental damages to the insured vehicle's engine, tyres, or tubes. There are separate add-ons, 'Engine Protection' and 'Tyre Protect,' which you can opt for to cover such damages. -
Q4. Do I really need New India Assurance zero depreciation car insurance?
Ans: Buying a zero dep add-on depends on your car insurance coverage needs. Nevertheless, for comprehensive protection of your vehicle, it is suggested that you opt for this cover, especially for new or luxury cars. This would keep your out-of-pocket expenses to the minimum since you will receive higher claim payouts.
Car zero Depreciation Insurers
Bajaj Allianz Zero Depreciation Car Insurance
Chola MS Zero Depreciation Car Insurance
Digit Zero Depreciation Car Insurance
Future Generali Zero Depreciation Car Insurance
HDFC Ergo Zero Depreciation Car Insurance
ICICI Lombard Zero Depreciation Car Insurance
IFFCO Tokio Zero Depreciation Car Insurance
Liberty Zero Depreciation Car Insurance
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Car insurance companies
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.