How would I know if my vehicle has suffered constructive total loss and zero depreciation cover is not applicable for claims?

Constructive total loss (CTL) is declared when the repair cost of your vehicle is more than 75% of the actual value of your car. In this case and as well as in the case of total loss (100% damage) or theft, the claim amount would be standard without the waiver of liability of depreciation cost.

Can I choose the claim in which I want the waiver for the depreciation cost or not?

Yes, it solely depends on the policyholder whether he wants to have the benefit of the zero depreciation add-on cover for a particular claim or not.

Why the premium of my zero depreciation cover increases every year?

The premium of your zero depreciation cover increases because the company has to bear more liability every year owing to the continuous depreciation of the insured car.

When can I include zero depreciation cover with my Shriram comprehensive car insurance policy?

You can include zero depreciation cover along with your car insurance plan either at the time of buying or renewing your insurance plan.

What factors are responsible for determining the cost for my zero depreciation cover?

Factors responsible for determining the cost of zero depreciation cover are as follows: Age of car Model of car Registered location of car, etc.

Shriram Zero Depreciation Add-on

CASHLESS GARAGES 2,000
CLAIMS SETTLED 96.00%

Key Features:

Covers Third Party Person
Covers Third Party Property

Calculate Your Car Insurance Price Online

Select your car brand

Brand

Maruti
Hyundai
Honda
Toyota
Mahindra

Which city is your car registered in?

Ahmedabad
Bangalore
Chandigarh
Chennai

City

When did you buy your car?

Year

Disclaimer: Actual Premium might vary basis your location, age and number of members

Shriram Zero Depreciation Add-on

All commodities including your car is subject to depreciation i.e., devaluation of a commodity over its age due to wear and tear. Besides affecting the market value of your car, depreciation also affects the claim amount disbursed to you during a claim settlement. The insurer factors in the cost of depreciation of the car and its replaced parts at the time of a claim resulting which you get a lesser claim amount. This heavy liability can be put aside with the Shriram Zero Depreciation Add-on cover. By purchasing the Shriram zero depreciation add-on, you get claims without subtraction of depreciation cost from it.

Benefits of Shriram Zero Depreciation Add-on Cover

Lesser Liability And Higher Claims: The Shriram Zero Depreciation add-on cover spares the policyholder from paying the cost of depreciation during a claim settlement. This lowers the liability on the side of a policyholder which helps him/her get higher claim amounts.

Availability of 2 Claims: Shriram General Insurance allows you to make up to 2 zero depreciation claims during the policy period.

Zero Depreciation Cover 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%

Disclaimer: Battery / Plastic / Nylon / Rubber parts -> 50% covered; Fiberglass -> 70% covered, Wooden & Metallic parts -> Depreciated basis age of vehicle (normal)

Conditions for Shriram Zero Depreciation Add-on Cover

A maximum of only 2 claims is accepted under the zero depreciation cover during the policy period.
It is not applicable in case of constructive total loss, total loss and theft of the insured vehicle.

Explore Shriram Car Insurance

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Shriram Car Insurance User Reviews

4.8

Rating based on

313 User reviews

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What users are saying

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Amazing benefits
I recently bought the Shriram car insurance policy for my BMW X1 from the InsuranceDekho website. The plan offers amazing benefits. I got all the benefits I wanted from car insurance. If you are looking for a car insurance plan, do try this out.
Read More

By Tarun Kumar
On: March 1, 2023
Amazing benefits
I recently bought the Shriram car insurance policy for my BMW X1 from the InsuranceDekho website. The plan offers amazing benefits. I got all the benefits I wanted from car insurance. If you are looking for a car insurance plan, do try this out.
Read More
T
By Tarun Kumar
On: February 16, 2023
7 days availability
The InsuranceDekho website provides services to its customers on all 7 days of the week. I visited their website on a Sunday to buy the Shriram car insurance plan for my Kia Seltos. I could easily buy it, the team guided me throughout the process.
Read More
A
By Anil Grover
On: February 9, 2023
Say goodbye to paperwork
I bought a Shriram car insurance policy for my Ford Classic car from InsuranceDekho. I purchased the insurance policy from the comfort of my house. The process was completely digital, the documents required were uploaded on the website. The policy documents were sent at my email address.
Read More
S
By Shripad Chittor
On: February 3, 2023
Amazing benefits
I recently bought the Shriram car insurance policy for my BMW X1 from the InsuranceDekho website. The plan offers amazing benefits. I got all the benefits I wanted from car insurance. If you are looking for a car insurance plan, do try this out.
Read More
T
By Tarun Kumar
On: January 11, 2023
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More
A
By Anant Goyal
On: December 28, 2022
7 days availability
The InsuranceDekho website provides services to its customers on all 7 days of the week. I visited their website on a Sunday to buy the Shriram car insurance plan for my Kia Seltos. I could easily buy it, the team guided me throughout the process.
Read More
V
By Vishal Singh
On: October 13, 2022
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More
A
By Anant Goyal
On: August 24, 2022
Wide range of plans
There are a lot of plans available on the InsuranceDekho website. After going through each of them, I chose the Shriram car insurance plan for my Kia Seltos. The plan is amazing and fulfills all my requirements at its best. Happy with the purchase of this plan.
Read More
D
By Dhairya Batra
On: August 16, 2022
7 days availability
The InsuranceDekho website provides services to its customers on all 7 days of the week. I visited their website on a Sunday to buy the Shriram car insurance plan for my Kia Seltos. I could easily buy it, the team guided me throughout the process.
Read More
V
By Vishal Singh
On: August 9, 2022
Best Finance Service
I have taken a car loan through Shriram.com directly. The vehicle's name is Hyundai Eon and this loan was sanctioned in the proper time frame. This loan is still active and paid the premium on an EMI basis. Customer service was good to me so far. The rate of interest and the processing fee was medium.
Read More
N
By Nathen
On: August 4, 2022
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More
A
By Anant Goyal
On: July 26, 2022
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More
A
By Anant Goyal
On: July 22, 2022
Informative website
The InsuranceDekho website is very informative. I recently visited them and bought the Shriram car insurance plan for my MG Hector. While buying, I read about a lot of things that increased my knowledge in the field of insurance.
Read More
P
By Priyank Batra
On: July 14, 2022
Quick and easy policy issuance
The policy issuance process from the InsuranceDekho website is quick and easy. I picked up the Shriram car insurance plan for my MG Hector since this plan perfectly met all the requirements I was expecting for my car. The process to buy the same was quick and easy and absolutely involved no complications.
Read More
S
By Sarthak Pandey
On: July 12, 2022
7 days availability
The InsuranceDekho website provides services to its customers on all 7 days of the week. I visited their website on a Sunday to buy the Shriram car insurance plan for my Kia Seltos. I could easily buy it, the team guided me throughout the process.
Read More
V
By Vishal Singh
On: July 7, 2022
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More
A
By Anant Goyal
On: June 30, 2022
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More
A
By Anant Goyal
On: June 28, 2022
Amazing benefits
I recently bought the Shriram car insurance policy for my BMW X1 from the InsuranceDekho website. The plan offers amazing benefits. I got all the benefits I wanted from car insurance. If you are looking for a car insurance plan, do try this out.
Read More
T
By Tarun Kumar
On: June 23, 2022
Amazing benefits
I recently bought the Shriram car insurance policy for my BMW X1 from the InsuranceDekho website. The plan offers amazing benefits. I got all the benefits I wanted from car insurance. If you are looking for a car insurance plan, do try this out.
Read More
T
By Tarun Kumar
On: June 21, 2022
Affordable plans
Plans on the InsuranceDekho website are quite affordable. I bought the Shriram car insurance plan for my MG Hector which was very well under my budget. Loved the plan and its benefits.
Read More
H
By Harish Rawat
On: June 16, 2022
Informative website
The InsuranceDekho website is very informative. I recently visited them and bought the Shriram car insurance plan for my MG Hector. While buying, I read about a lot of things that increased my knowledge in the field of insurance.
Read More
P
By Priyank Batra
On: June 14, 2022
Highly recommended plan
The Shriram car insurance plan that I bought for my Kia Seltos car is just too good for my car. I was looking for a ghood car insurance plan for a really long time and finally I have one. I would recommend this plan to all since it is really good for all those looking for a good car insurance plan.
Read More
R
By Raj Kapoor
On: June 9, 2022
Relevant information on the we...
The InsuranceDekho website has accurate and relevant information. While buying the Shriram car insurance plan for my MG Hector, I saw a lot of relevant information available on the website, which satisfied me to buy this plan and also made my purchase quick and smooth.
Read More

By Anant Goyal
On: June 7, 2022
Quick policy issuance
I wanted a good car insurance plan but also I was in a hurry to buy it. I visited the InsuranceDekho website, the policy issuance was quick and easy which was quite convenient for me. I bought the Shriram car insurance plan for my MG Hector. The plan is unique in itself. I love the plan for its amazing benefits. Highly recommended.
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By Rohan Thakur
On: June 2, 2022
7 days availability
The InsuranceDekho website provides services to its customers on all 7 days of the week. I visited their website on a Sunday to buy the Shriram car insurance plan for my Kia Seltos. I could easily buy it, the team guided me throughout the process.
Read More
V
By Vishal Singh
On: May 31, 2022
Wide range of plans
There are a lot of plans available on the InsuranceDekho website. After going through each of them, I chose the Shriram car insurance plan for my Kia Seltos. The plan is amazing and fulfills all my requirements at its best. Happy with the purchase of this plan.
Read More
D
By Dhairya Batra
On: May 26, 2022
Well managed website
The InsuranceDekho website is very well managed. All the things on the website are very well arranged which helps one to look for everything easily. While buying the Shriram car insurance plan for my MG Hector, I could easily look for all the features and benefits of my desired plan.
Read More

By Sohel Khan
On: May 24, 2022
Availability of add-on covers
The InsuranceDekho website has a list of good add-on covers with them. While buying the Shriram car insurance plan for my Lamborgini Huracan, I came across certain add-on covers on their website which was too amazing. Loved them so much
Read More

By Viraj Singh
On: May 19, 2022
Detailed explanation
I was looking for an insurance plan for my car. After being suggested by one of my friends, I visited the InsuranceDekho website. I was really impressed after seeing the detailed explanation of all the plans available. After going through all the details, I decided and chose the Shriram car insurance plan for my Lamborgini Huracan
Read More
R
By Richard Pinto
On: May 17, 2022

Shriram Reviews

Shriram Zero Depreciation Cover FAQs

How would I know if my vehicle has suffered constructive total loss and zero depreciation cover is not applicable for claims?
Constructive total loss (CTL) is declared when the repair cost of your vehicle is more than 75% of the actual value of your car. In this case and as well as in the case of total loss (100% damage) or theft, the claim amount would be standard without the waiver of liability of depreciation cost.
Can I choose the claim in which I want the waiver for the depreciation cost or not?
Yes, it solely depends on the policyholder whether he wants to have the benefit of the zero depreciation add-on cover for a particular claim or not.
Why the premium of my zero depreciation cover increases every year?
The premium of your zero depreciation cover increases because the company has to bear more liability every year owing to the continuous depreciation of the insured car.
When can I include zero depreciation cover with my Shriram comprehensive car insurance policy?
You can include zero depreciation cover along with your car insurance plan either at the time of buying or renewing your insurance plan.
What factors are responsible for determining the cost for my zero depreciation cover?
Factors responsible for determining the cost of zero depreciation cover are as follows:

Age of car

Model of car

Registered location of car, etc.

FAQ

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

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