Zero depreciation motor insurance add-on explained in Tamil. How much does it cost, how much can it save, and should you buy it? Real examples from IFFCO TOKIO motor insurance claims.
டிப்ரிசியேஷன் என்றால் என்ன? (What is Depreciation in Insurance?)
When you make a motor insurance claim, the insurer deducts depreciation from the repair cost based on the age of your vehicle and the parts replaced. Depreciation rates: Rubber/plastic/nylon parts — 50% depreciation. Fibre glass parts — 30%. Metal parts — 0–10% based on vehicle age. Example: Your 3-year-old car needs ₹50,000 in repairs. After depreciation deduction, you may receive only ₹28,000–32,000. You pay the remaining ₹18,000–22,000 from your pocket.
Zero Depreciation Add-on — How It Works
Zero Depreciation (also called Nil Depreciation or Bumper-to-Bumper) add-on eliminates depreciation deduction from your claim. With Zero Dep: Same ₹50,000 repair → you receive ₹50,000 (minus standard deductible). You save ₹18,000–22,000 in a single claim. Cost of Zero Dep add-on: ₹1,500–3,000 extra per year depending on vehicle value. One claim pays for 5–10 years of add-on premium.
Who Should Buy Zero Depreciation?
Highly recommended for: New vehicles (0–3 years old) — parts are expensive and depreciation is high. Vehicles in accident-prone areas or driven frequently. Expensive cars where repair costs are high. Not necessary for: Vehicles older than 5 years (depreciation already high, add-on may not be available). Very old vehicles where repair cost is low. PRinvins recommends Zero Dep for all vehicles under 5 years old.
Zero Dep vs Regular Policy — Real Example
Scenario: 2-year-old car, front bumper + bonnet damage in accident. Repair cost: ₹75,000. Regular policy payout: ₷42,000 (after 40–50% depreciation on plastic/rubber parts). Zero Dep policy payout: ₹73,000 (only ₹2,000 compulsory deductible). Savings: ₹31,000 in one claim. Zero Dep add-on cost: ₹2,500/year. Verdict: Zero Dep pays for itself in a single claim.
Get Zero Dep Motor Insurance from PRinvins — Tirunelveli
PRinvins is an authorised IFFCO TOKIO Motor Insurance agent (OB000046) in Tirunelveli. We offer Zero Depreciation add-on for two-wheelers, four-wheelers, and commercial vehicles. Renewal with Zero Dep, NCB protection, engine protection, and roadside assistance add-ons available. Call +91 88700 17893 for best rates across Tirunelveli, Kanyakumari & Thoothukudi.
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