Oriental Zero Depreciation Add-on
- Network of 31 regional offices and more than 1,800 active branches
- A huge number of network garages, which offer direct cashless claim
- Total strength of 14,000+ employees and well established in the rural parts of the country.
- Overseas operations in countries like Nepal, Kuwait and Dubai
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Oriental Zero Depreciation Add-on
During a claim settlement, an insurance company deducts the depreciation amount applicable on the insured’s car, thereby reducing the claim amount. However, a car insurance policyholder can get a complete cover including the depreciation cost by purchasing a zero depreciation cover with a comprehensive/standalone own damage car insurance policy.
Oriental Zero Depreciation Add-on Benefits
Higher Claim Amount: The zero depreciation add-on cover exempts the policyholder from bearing the cost of depreciation. Thereby enabling him/her to get higher claim amounts.
Multiple Claims: Like most of the other car insurance companies, Oriental General Insurance allows up to 2 zero depreciation claims.
Zero Depreciation vs Normal Insurance
Age of Car | Depreciation Rate Without Zero Depreciation Cover | Depreciation Rate 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% |
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Insurance Products by Oriental General Insurance
Oriental Zero Depreciation Add-on FAQs
What is not covered under Zero Depreciation Cover?
Is it true that insurance companies allow zero depreciation cover to new cars only?
Who should buy a zero depreciation cover?
Why to buy from InsuranceDekho?
- Instant policy # within 5 mins
- More than 45 Lac happy customers
- Claim Support available all 7 days of the week