Tata AIG Zero Depreciation Car Insurance Policy

As one of the most reputed insurance companies in India, Tata AIG has offered all car owners an option to choose the add-on named zero depreciation or nil depreciation car insurance. All four-wheeler owners can purchase this add-on insurance along with comprehensive or standalone car insurance. This is dedicated entirely to the issues related to car depreciation.

What Is Zero Depreciation Car Insurance?

Zero depreciation insurance, which is also known as bumper-to-bumper car insurance, is an add-on to negate the depreciation of the four-wheeler over the years. Whether you have comprehensive or standalone car insurance, you will not get the full claim as the car value is depreciated due to the usage and car age. Adding nil depreciation car insurance to your ongoing car insurance, you have eliminated the depreciation cost and get the total accumulated claim.

Benefits of Purchasing Tata AIG Zero Depreciation Car Insurance

Like any other car insurance, Tata AIG zero dep cover also has some unique benefits that make it a competent insurance to purchase. Let’s look at some of the benefits of the zero dep car insurance:

• Enhancement in Coverage: The nil depreciation car insurance provides more coverage for your car. So, you shouldn’t be afraid of the expensive parts repair after buying this insurance add-on.
• Nominal Additional Cost: The Tata AIG bumper-to-bumper car insurance add-on is available at a very minimum cost. So, the budget should not be a stumbling block to getting this add-on.
• Higher Claim Amount: This add-on insurance ensures that the insurance policyholders get more claim amount after their ongoing policy (comprehensive or standalone) claim. The claim amount is not affected by the depreciation cost of the four-wheeler.
• Lower Out of Pocket Expenses: Any other insurance, such as comprehensive and standalone car insurance, doesn’t provide the total cost of the repair or replacement. The reason is that the IDV (insured declared value) has decreased. However, the Tata AIG zero depreciation car insurance helps you with financial compensation and reduces your out of pocket expense.
• Peace of Mind: You can drive the car in a more relaxed mood and not be puzzled after the car damage, as you have prevented the depreciation cost by choosing the zero depreciation coverage.
• Ideal for New Car: Vehicle owners who have cars less than 5 years old must buy it as the car is newer. You can protect the car’s value by purchasing bumper-to-bumper car insurance.

How to Buy Tata AIG Zero Depreciation Car Insurance

The purchase of Tata AIG zero dep add-on coverage for the car is due to the swift, user-friendly, and hassle-free process of InsuranceDekho. There are two methods by which you can buy this insurance from us, and those are:

Online Method:

There are a few steps the vehicle owners need to follow to get this add-on car insurance coverage. These steps consist of:

• Step 1: Go to the InsuranceDekho’s official website (www.insurancedekho.com) and log in after entering your credentials (user ID and password).
• Step 2: Enter the car’s primary details, such as registration number, chassis number, manufacturer name and registration year.
• Step 3: Select the Tata AIG car insurance among the different insurers and opt for your current insurance (comprehensive or third-party car insurance).
• Step 4: Choose the zero depreciation add-on among other add-ons after selecting the Tata AIG car insurance and click proceed:
• Step 5: The vehicle owner can call the InsuranceDekho customer care executive if they face any difficulties or have any doubts or confusion only if needed.
• Step 6: Put your personal details for the KYC (know your customer) purpose and validate the vehicle owner accurately.
• Step 7: Carefully review all the details you provided and proceed with the payment.
• Step 8: After successfully buying the nil depreciation car insurance, you can download the policy from our official website, or the policy soft copy will be sent to your registered email ID.

Offline Method

In another way, you opt for the offline process to buy the insurance. In this process, you can reach out to InsuranceDekho by sending an email to support@insurancedekho.com. Or connect us at +91-7551196989. Our experienced customer care executive will assist you with everything from purchasing to downloading a copy of the zero depreciation car insurance policy.

Buy Zero Dep Car Insurance from the Insurer

For purchasing the car insurance from Tata AIG, you have to complete this process.

• Go to the Tata AIG’s official website or app and log in with your user ID and password
• Put your car’s details, such as model type, RC number, chassis number, etc.
• Select your customized add-on of nil depreciation car insurance
• Review all the details correctly and make the payment
• Download the policy from the website or get the policy soft copy to the inbox of your registered email ID

Documents Required to Buy Tata AIG Dep Insurance Policy

Every car owner must keep the below-mentioned documents at the time of buying the Tata AIG bumper-to-bumper car insurance.

• A driving license for driving a car
• Four-wheeler’s RC (registration certificate), model type, chassis number, registration year and manufacturer name
• Government-issued ID card such as PAN card, passport or voter ID card
• Document of address proof (Aadhar card, PAN card)
• Payment details (debit/credit card, UPI or net banking)

Tata AIG Zero Dep Car Insurance Claim Process

It is important to understand everything about the claim to tackle the situation after the car damage and get your deserved claim as soon as possible.

How to File a Claim (Step-by-Step Process)

At first, go through the claim process of Tata AIG zero depreciation car insurance. Follow these steps to get the insurance claim properly.

• Step 1: The first step after the car damage is to inform the insurer by calling the toll-free number 1800-266-7780 at any time or using the claim support page of Tata AIG.
• Step 2: After the intimation, a surveyor of the insurer will visit the accident scene for the inspection of the car and note down the accident details, such as place, date and time of the accident, description of the damage, etc.
• Step 3: Repair the car from a cashless garage or non-network garage and send the bills of repair (only applicable for reimbursement claims). Submit all of the claim documents to the insurer.
• Step 4: Tata AIG reviews all the claim documents rigorously and can ask the insurance policyholder to submit additional documents if needed and approve the payment if the claim is authentic and satisfies all the terms and conditions of the policy.

Documents Required

The necessary documents required for the processing of the claim are:

• The insurance policy copy
• The duly signed insurance claim form
• Document of driving license
• FIR (first information report) copy in case of accident
• Vehicle’s RC copy
• Car owner’s personal details (Aadhar, PAN or voter ID card)
• Repair bill in case you are applying for a reimbursement claim

Claim Assistance

InsuranceDekho makes the claim simple by providing constant support to the insurance policyholders. Our experienced and skilled team members are always there to solve any claim-related query. If you have any question or doubt about your claim, you can connect with us in two ways: one is by dialing 0755-1196989 or write to us at support@insurancedekho.com. For further assistance, the insured person can send an email to grievance@insurancedekho.com, and our grievance redressal cell will connect with you.

Covered Vs Not Covered UnderTata AIG Zero Depreciation Insurance

Every car owner should check the things that are included and excluded under the Tata AIG zero depreciation car insurance before considering it. Let’s look at the inclusions and exclusions:

Inclusions:

The things that are covered under the nil depreciation car insurance are:

• Damages due to Accident: The car damages that are the result of the road accident are covered by the zero dep car insurance that you buy along with standalone or comprehensive car insurance.
• Damages because of Fire: All the car damages due to fire related issues like self-ignition or explosions you can get with this add-on car insurance. If there is any particular exception mentioned in the insurance copy, that will be excluded.
• Affected by Natural Disasters: Many natural calamities, such as cyclones, floods, earthquakes, frost or tree branches falling, damage the four-wheeler severely. This car insurance gives claims for these mishaps.
• Coverage for Man-Made Damages: This add-on provides the damages due to riots, strikes or stonepelting. The depreciation of the car is prevented if you purchase the zero depreciation car insurance:
• Coverage for the Loss Due to Theft: In the case of a stolen car, the standalone and comprehensive car insurance approve the claim of IDV (insured declared value) after deducting the depreciation cost. However, in this car insurance, you will receive a total claim.

Exclusions:

Now comes the exclusion part, and the things that are not covered are:

• Limited Claim in a Policy Year: Only two claims are allowed in a policy year because if it’s unlimited, the car owner may apply a claim for very minimal wear and tear. In zero dep insurance, the claim is not allowed from the third time onwards in a year.
• Driving Under Any Influence: If the driver is driving the car after being intoxicated or having a drug, Tata AIG rejects the claim instantly.
• Not Intended Purpose: While a private car is used for commercial purposes and is damaged. Then, the claim is not approved in these circumstances.
• Expired Policy: If the zero dep car insurance is not renewed and you are carrying expired insurance, you will not get coverage for car damages.

• Components Not Covered in the Plan: If, during the customization of the zero dep car insurance, you have excluded those particular components, then the damages for those components are not included under the insurance plan.

• Third-party Liabilities: The zero depreciation coverage is only for the depreciation of the vehicle owner’s car, and no coverage is provided for the damages of third-party vehicles and passengers.

The four-wheeler depreciation rate is entirely determined as per the motor tariff. According to the guidelines, the insurer decides the IDV or insured declared value of the car; then the depreciation is deducted from the approved claim amount. The depreciation rate is given in detail in the below table.

The depreciation rate for all the wooden parts of the car over the years are:

All these depreciation rates are applicable while you don’t have a Tata AIG zero dep car insurance add-on. It is always preferred to have this add-on to counter the depreciation over the years.

Tata AIG Zero Dep Car Insurance Support

Tata AIG customer care service is accessible at any time because of its 24*7 assistance. The insurance policyholders can raise their query by writing an email to customercare@tataaig.com or talking with the customer care executive by calling the toll-free number 1800-266-7780. InsuranceDekho is also available for the support of the zero dep car insurance policyholders and the vehicle owners. You can call us at 755 1196 989 any time except the national and gazetted holidays or write ao support@insurancedekho.com for any purchase, claim or any query.