Bajaj Allianz Zero Depreciation Add-on

As far as the depreciation of a car is concerned, every car goes through the stages of depreciation. In every passing year, the four-wheeler’s price is depreciated, and a certain amount of the raised claim (if any) has to be paid by you. Bajaj Allianz’s zero depreciation coverage is truly a game changer in countering this depreciation. This add-on coverage offers a wide range of advantages, and Bajaj Allianz makes it a viable option to choose for car owners.

What is Zero Depreciation Car Insurance?

Zero dep car insurance, or nil-depreciation or bumper-to-bumper car insurance, is a financial compensation for the depreciated parts of the car. Due to everyday usage and wear and tear, car parts are affected, and insurance policyholders receive a lower amount from their actual claim during the claim process. To eliminate this out-of-pocket expense, bumper-to-bumper car insurance was introduced for all car owners.

Benefits of Purchasing Bajaj Allianz Zero Depreciation Car Insurance

Like every other car insurance policy, nil depreciation car insurance too has some unique benefits that compel you to purchase this add-on. You can buy the zero depreciation coverage along with your comprehensive or standalone car insurance. The benefits included are:

• Cost-effectiveness in The Longer Period: In spite of the extra premium for the add-on every year, you will get zero dep cover every time you apply for the claim. The claim amount can be exceeded or accommodate the extra premium in the long run.
• Worry-free Riding: As the vehicle owners are aware of the fact that you will get the bumper-to-bumper cover after the damage to the car, you ride or drive the car tension-free. This peace of mind is essential during the car ride.
• Reasonable Premium: By spending an affordable amount of money, you get an add-on that reduces your expenses substantially. This zero depreciation cover provides you the opportunity to save your hard-earned money at a reasonable cost.
• Increased Claim Amount: With the nil depreciation of Bajaj Allianz car insurance, you receive a higher claim amount than without this add-on. Every time the car is damaged, it’s a big relief for the insurance policyholders.
• More Suited for Newer Car: If you have a new car and it’s damaged, then the nil depreciation car should be purchased. Your car’s value will be intact after the car accident, and it’s recommended for up to 5 years of age of the car.
• Enhanced Resale Value: While you buy the nil depreciation add-on, you can ask for a higher selling price from the person who intends to buy the car. That’s how you get a higher resale value.

How to Buy Bajaj Allianz Zero Depreciation Car Insurance?

Many car insurance policyholders find it difficult to purchase the zero depreciation add-on cover, which is why InsuranceDekho stretches its hand for optimal customer comfort in the process of car insurance purchase. You can go digital or traditional ways in order to purchase the nil depreciation cover.

Online Purchase:

The steps that have to be followed in the online method are:

• Step 1: Log in to InsuranceDekho’s official website (www.insuranceDekho.com) and click the car insurance.
• Step 2: Enter your vehicle details, such as RC number, chassis number, and registration year.
• Step 3: Select the ongoing Bajaj Allianz car insurance and proceed with add-ons.
• Step 4: Choose the zero depreciation add-on as per your choice
• Step 5: Feel free to raise a call back from the InsuranceDekho advisor if you have any doubts or queries. Our insurance advisor helps you to buy car insurance and solve your doubts (it's a completely optional step)
• Step 6: Make the payment for the add-on
• Step 7: The nil depreciation add-on car insurance policy copy will be sent to your email ID; otherwise, you can download the soft copy from InsuranceDekho’s official website and take a printout for the claim purpose.

Offline Method:

On the contrary, in the traditional way, you have to contact us at +91-7551196989 or write to support@insurancedekho.com. In this offline method, our car insurance customer care executive takes your appointment and visits your home to complete the purchasing process.

Buying Insurance from Insurer

Alternatively, car owners also buy their favourite add-on from Bajaj Allianz’s official website (www.bajajallianz.com) or from their mobile app. In another way, connect with an authorized Bajaj Allianz agent or visit their official branch to purchase the zero dep add-on car insurance.

Documents Required to Buy Bajaj Allianz Zero Dep Insurance Policy

The necessary documents that are needed to buy the zero depreciation coverage are:

• An active phone number and email ID
• A valid driving license for driving a car
• A copy of RC (registration certificate)
• Copy of address proof such as voter ID, Aadhar card or electric bill
• Copy of government-issued ID (Aadhar or PAN card) for a KYC purpose
• UPI, debit/credit card or digital wallet

Bajaj Allianz Zero Dep Car Insurance Claim Process

Bajaj Allianz has followed a very user-friendly, swift, easy claim process, and they have a very high CSR (claim settlement ratio) of 98% (1). The steps of claim settlement are:

• To initiate the claim, it is compulsory to inform the insurer. There are multiple ways of claim initiation, and those are to write to claimslegal@bajajallianz.co.in or 1800-209-5858 or 1800-266-6416 for Motor On The Spot. A claim reference number and then a claim ID will be sent to your email ID and mobile number.
• Therefore, collect the damaged car photograph and file an FIR (First Information Report). These are all significant evidence for the claim procedure.
• A surveyor will visit the car location to inspect the car
• Then repair the car in a cashless garage among the 7200+ network garages of Bajaj Allianz(2) for a cashless claim or in a non-network garage for reimbursement claim
• Submit the documents like the claim form, RC copy, etc., for proceeding with the claim
• Bajaj Allianz’s dedicated team will review and verify the documents in detail
• If the claim is eligible and authentic, the claim will be approved, and the claim amount will be credited to the insurance policyholder’s bank account.

Documents Required

To get a successful claim for the zero depreciation car insurance, the vehicle owners have to submit

• A duly signed and filled out claim form
• FIR copy
• Photographs of damaged car
• Copy of RC
• Not expired driving license
• Ongoing car insurance copy
• Cancelled cheque
• Government-approved ID card such as PAN, Aadhar or voter card

Claim Assistance

Don’t worry about the claim assistance, as InsuranceDekho wholeheartedly assists you with every claim step. If you seek any help regarding your claim process, just dial 755-1196989 or send an email to support@insurancedekho.com. As InsuranceDekho is not an insurance provider but an aggregator, we only give claim guidance not the claim approval, and it’s up to Bajaj Allianz entirely.

Before considering the bumper-to-bumper car insurance policy, all the vehicle owners must be clear about the inclusions and exclusions. Let’s look at the coverages and left-alone parts:

Covered

The inclusions under the nil depreciation add-on are:

• Any glass component ( front and rear windshields, door glasses, etc.) which is required to be replaced or repaired after the accident or attack
• While car paint is damaged due to an accident, it will be covered under zero dep add-on
• A nil depreciation car insurance claim is to be approved for the damaged plastic, rubber, and fibre components of the four-wheeler
• Metallic parts of the car are included under Bajaj Allianz’s zero depreciation cover
• If the tyres or batteries are repaired or replaced, it will covered as well

Not Covered

There are some exclusions there under the nil depreciation cover, and those are:

• Every car has some wear and tear due to daily travel, and it’s not included under this add-on
• Any kind of breakdown due to mechanical or electrical faults is not covered.
• While the driver consumes drug or alcohol, your claim will be rejected
• When a private car is used for commercial purposes, you are not eligible to get a claim
• Any third-party damages, such as vehicle or passengers, is not included in this add-on
• Only two bumper-to-bumper car insurance can be claimed, and more than two claims are not allowed
• If the driver does not have a valid car driving license

Depreciation Rate on Different Car Parts

While purchasing car insurance, the vehicle owners must know the depreciation rate of car parts. The depreciation rate of every car part is different from others. Look at the table below to get a more detailed idea:

Bajaj Allianz Zero Dep Car Insurance Support

Customer care support is important in any form of insurance, and it’s not an exception in Bajaj Allianz zero depreciation car insurance either.

Customer Care Support of InsuranceDekho

InsuranceDekho is equal to the task as far as supporting the customer regarding any insurance-related issue, such as purchasing, renewing, or the claim process. Two customer care points are 755-1196989 for telephonic conversation and support@insurancedekho.com for those who are comfortable with emails. Additionally, for any grievance, contact the grievance officer, Mr. Rohit Khurana, at grievance@insurancedekho.com and for further assistance, connect with the principal officer at PO_GIBPL@girnarinsurance.com.

Customer care Assistance of Bajaj Allianz

There are a few customer care points of the insurer to which you can contact and place your queries. While you can dial the 1800-209-7073 number or give a missed call to 80809 45060. On the other hand, send your message to WhatsApp at 75072 45858 or write to bagichelp@bajajallianz.co.in.