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Oriental Zero Depreciation Cover

The loss of value of a bike over time is inevitable. The insurance companies consider this depreciation and deduct a depreciation charge from the claim amount at the time of claim settlement. However, this deduction can be eliminated by opting for Zero Depreciation covers along with the comprehensive bike insurance policy. Oriental General Insurance offers Zero Depreciation cover to stretch the coverage of the comprehensive bike insurance and standalone own damage bike insurance plans at an affordable rate.

Availing the Zero Depreciation cover along with Oriental bike insurance policy ensures that you do not lose claim amount in lieu of depreciation expense. The claim amount is calculated without factorizing the depreciation amount in the presence of a Zero Depreciation cover.

Benefits of Oriental Zero Depreciation Cover

  • Higher claim: Zero Depreciation cover ensures a higher claim amount as the insurer does not deduct any depreciation value. The policyholders can avail the maximum claim amount with Zero depreciation cover with a slight increase in the premium.
  • Saves money: Oriental Zero Depreciation add-on cover bears the expense of repair and replacement of the parts of the insured’s bike irrespective of the depreciation factor. Thus, the policyholder can save money to be spent on the damaged or depreciated parts of the insured’s bike.

Depreciation Rate Applicable on Bike With And Without Zero Depreciation Add-on

Age of Bike

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Part of Bike

Rate of Depreciation Without Zero Depreciation

Rate of Depreciation With Zero Depreciation

Rubber/Nylon/Plastic parts

50%

0%

Fibreglass parts

30%

0%

Glass parts

Nil

0%

Factors Affecting Oriental Zero Depreciation Cover

Oriental Zero Depreciation cover provides multiple benefits provided that the following conditions are fulfilled:

  • The age of the bike should not exceed 2 years.
  • Policyholders can claim this cover twice in the entire policy tenure.
  • It does not cover the repair and replacement due to common wear and tear.
  • In cases of the total loss, mechanical and electrical breakdown of the bike, coverage is not provided.

Explore Oriental Bike Insurance

Must Read Articles before buying Oriental Bike Insurance

Oriental Bike Insurance User Reviews

5.0
Rating based on
73 User reviews
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What users are saying
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  • Effortless Buying Experience

    Thanks to InsuranceDekho, getting my Oriental Bike Insurance was effortless! Their platform is user-friendly, and the support team patiently helped me understand all the options. Now, I feel confident about my choice.

    Read More

    B
    By Bharti Yadav
    On: March 11, 2024
  • Great services and assistance

    The InsuranceDekho team has been offering me excellent support and assistance for the last 2 years for Oriental insurance plan. They always give great advice, which helps me secure my Suzuki Intruder bike.

    Read More

    Y
    By Yogesh Sharma
    On: July 10, 2020
  • Great insurance services

    The Oriental insurance delivered a range of insurance services that helped me take care of my Suzuki RM Z450 bike. The team of InsuranceDekho recommended me to buy this policy. Thanks a ton to them.

    Read More

    N
    By Namit Tandon
    On: July 9, 2020
  • Paperless operations available

    I did not require any paperwork for buying, requesting a claim, and renewing my Oriental insurance plan at InsuranceDekho platform for my Bajaj CT110 bike. The whole process was digital.

    Read More

    K
    By Karan Verma
    On: July 3, 2020
  • Incredible customer support

    The customer care services of InsuranceDekho is unparalleled. Their team has complete insurance-related knowledge and they helped me buy Oriental insurance plan for my Yamaha Fascino 125 bike.

    Read More

    J
    By Jatin Katiyar
    On: June 26, 2020
  • Brilliant policies at best pri...

    The Oriental insurance offers the best bike insurance policies for its customers at the best prices. I bought it from InsuranceDekho at a reasonable rate for my Bajaj Dominar 400 bike.

    Read More

    P
    By Prem Johri
    On: June 25, 2020
  • Updated content available

    The InsuranceDekho website is quite updated and user-friendly. It helped me make informed decisions like to buy Oriental Insurance for my Royal Enfield Thunderbird 350X bike.

    Read More

    A
    By Ashutosh Jain
    On: June 4, 2020
  • Renewed my policy in no time

    I have got my Oriental Insurance policy that I purchased for my Hero Maestro Edge 125 bike renewed instantly at InsuranceDekho. It was an extraordinary experience for me.

    Read More

    R
    By Ramandeep Sehgal
    On: May 29, 2020
  • Customised website

    I own an Oriental Insurance policy for my Honda Gold Wing bike. Its website is great as it contains updated and complete information about insurance.

    Read More

    A
    By Ajit Chauhan
    On: May 15, 2020
  • Splendid insurance provided

    The Oriental Insurance offers awesome to take care of my Suzuki RM Z450 bike. Its services are fast, easy and splendid.

    Read More

    N
    By Neeraj Deshmukh
    On: May 8, 2020
Oriental Reviews

Oriental Zero-Depreciation Add-on Cover FAQs

  • Does the Zero Depreciation cover provide for plastic parts of bikes?

    Yes, the Zero Depreciation provides coverage for the plastic parts of the insured’s bike. The rate of depreciation for plastic parts without the Zero Depreciation charge is 50%, but in presence of the Zero Depreciation cover, the depreciation charge is not taken into account.

  • What are the advantages of Oriental Zero Depreciation cover?

    The Oriental Zero Depreciation cover comes with the following advantages:

    • It helps to save significant cost on the repairs and maintenance of the insured’s bike parts.
    • It ensures the full IDV amount as the claim amount.
    • It provides full coverage for the cost of depreciable bike parts.

  • Do I need to opt for Zero Depreciation cover for my luxury bike?

    Yes, it is recommended to opt for Zero Depreciation cover for your luxury bike as it helps to prevent financial expenditure on depreciable parts of the bike.

  • Does Zero Depreciation provide cover for any damage beyond city limits?

    Zero Depreciation cover will provide coverage only in the geographical area and not for any incident occurred outside the area. The Oriental comprehensive bike insurance policy with or without the Zero Depreciation add-on has a predetermined geographical limitation for each policyholder.

  • How can I add the Zero Depreciation cover to my policy?

    You can add this cover to your comprehensive bike insurance policy at the time of purchase, renewal or in the middle of the tenure in the following ways:

    • Visit their official website
    • Dial its helpline numbers 1800-118-485 and 011-33208485 (chargeable)
    • Visit the nearest branch.
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