What is Nil Dip Insurance?

What is Zero Depreciation Car Insurance?

Zero Depreciation Car Insurance is a type of car insurance that covers the depreciation of the vehicle and offers an additional amount to cover the running and maintenance costs. The depreciation cover is offered by most car insurance companies in India. The insurance company pays for the depreciation of your vehicle, which can be up to 50% of its value.

What is Zero Depreciation in Car Insurance?

A Zero depreciation add-on cover, also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular car insurance add-on cover under the Own Damage section of your comprehensive car insurance policy. This is typically chosen by car owners when there is a claim settlement, and the depreciation amount doesn't factor in. Zero depreciation car insurance offers protection in the event that the insured peril is engaged with accidental damage to the vehicle.

What is Bumper to Bumper Insurance?

Bumper to Bumper insurance is the add-on available on payment of extra premium under the own damage section. It is also known as “Nil depreciation” or “Zero depreciation” cover. Having bumper-to-bumper insurance enables the customer to get the complete claim amount in case of any accident without factoring in the deprivation of the parts.

What is Zero Dep Insurance?

A zero depreciation add-on cover, also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular insurance add-on cover under the own damage section of the car/ bike insurance policy. This is most commonly opted by vehicle owners where the claim settlement is done without factoring in the depreciation amount. Any damage to the vehicle due to accidental means and with the operation of the insured peril is covered under the Zero dep insurance.

How to check Zero Dep Insurance Policy?

A zero depreciation add-on cover, also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular car insurance add-on cover under the own damage section of the car insurance policy. Insurance can be checked online from the website Parivahan or mParivahan app which is available on the play store. By entering the details of insurance would be displayed on the app alternatively the insurance can be checked online from the insurance company website or by calling our toll free number 1800-123-4003.

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