Renew Your Bajaj Bike Insurance with Zero Depreciation Cover

Bajaj bikes have long been trusted by Indian riders for their durability, performance, and affordability. Whether you're cruising on a Pulsar or commuting on a Platina, your bike is more than just a vehicle; it’s part of your daily life, which needs protection from unexpected incidents like accidents, theft, and damage. That's where Bajaj Bike Insurance comes in.

One of the best ways to protect your bike is by keeping your insurance active. However, simply renewing it is not enough. This is an opportunity for you to upgrade your protection. That’s why adding a useful extra like Zero Depreciation Cover at the time of renewal makes sense. It helps you receive the full claim amount without any deductions for the value of parts, providing you with better financial protection when you need it most.

Why Bike Insurance Renewal Matters?

Bike Insurance renewal is essential to keep your bike protected from accidents, theft, and damage while ensuring compliance with the Motor Vehicles Act, 1988. Riding without valid insurance can result in penalties and legal consequences. Timely renewal also helps prevent policy lapses, allowing you to retain valuable benefits such as the No Claim Bonus (NCB)—a discount earned for not making any claims during the policy period, which reduces your premium over time.

Renewing on time also ensures you continue to enjoy add-on benefits like zero depreciation cover, which allows you to claim full repair costs without deductions, saving you money if your bike is damaged. TATA AIG, for instance, offers a generous 90-day renewal window after your policy expiry. This means you can renew your Bike Insurance within 90 days without losing your accumulated NCB or other benefits. If the policy is not renewed within this period, it lapses, and you lose the NCB, potentially increasing your premium when you buy a new policy.

With insurers like TATA AIG, renewing your Bike Insurance is quick and convenient, available online with minimal paperwork, and supported by multiple distribution channels. This ensures continuous protection, legal compliance, and cost savings while riding on the road.

What is Zero Depreciation Cover?

When you file a claim for bike repairs, the insurer usually deducts depreciation on parts like plastic, rubber, and metal components. That means you don’t get the full claim amount; you have to pay for the depreciated value out of your own pocket. By adding a Zero Depreciation Cover to your Bajaj Bike Insurance, you can claim the full market price of your bike if it is lost due to theft or serious damage.

Leading insurers, such as TATA AIG, offer a similar add-on called Depreciation Allowance, which reimburses the depreciation deducted on replaced parts during a claim.

TATA AIG’s Depreciation Allowance is especially useful because it covers up to two claims during the policy term and even offers deductible options (like ₹250, ₹350, or ₹450) to help you adjust your premium. It provides enhanced financial protection without worrying about your bike’s value decreasing over time.

How to Renew Your Bajaj Bike Insurance Online?

Renewing Bajaj Bike Insurance online is a simple and fast process. Here’s how you can do it:

1. Go to the official website of your insurance provider.

2. Enter your bike's registration number and choose the renewal option.

3. Provide information about your existing policy, claims history, and no-claims bonus (if applicable).

4. Choose your coverage, whether it is third party, standalone own damage, or comprehensive.

5. If you are purchasing comprehensive insurance, choose add-ons like Zero Depreciation.

6. Review your policy summary and premium.

7. Pay securely through the available online payment methods.

8. Your new policy document will be sent to you via email right after.

This process helps you avoid physical paperwork and allows you to renew your policy from anywhere.

Benefits of Zero Depreciation in Bajaj Bike Insurance

When you renew your Bajaj Bike Insurance with Zero Depreciation Cover, you receive a range of benefits:

● Full Repair Cost Covered: You can claim the full cost to fix or replace damaged bike parts without any deduction for depreciation.

● Covers Many Parts: This includes plastic, rubber, fibre, metal, and other commonly replaced components. However, this cover is typically available only for bikes up to a certain age (usually 2 to 5 years), depending on the insurer’s policy.

● Saves You Money: Since depreciation is not deducted, you pay less from your pocket when your bike is repaired.

What’s Covered Under a Comprehensive Bajaj Bike Insurance Policy?

When you choose a comprehensive Bike Insurance policy, it includes the following coverage:

● Damage or loss to the bike caused by natural disasters, accidents, fire, and man-made calamities.

● Total loss of the bike due to theft.

● Third-party liability expenses, including injury to third-party individuals and damage to their property.

● Personal accident cover of up to ₹15 Lakh is provided for the owner-driver of the bike, including a death benefit payable to the nominee, typically up to a specified sum insured.

● Damage to the bike while being transported via air, water, road, or rail.

● Additional protection through optional add-ons such as zero depreciation cover, depreciation allowance, and roadside assistance for breakdowns.

If you add a Zero Depreciation Cover, it applies to claims related to damage repairs, enhancing your total protection.

What’s Not Covered?

Although a comprehensive policy with a Zero Depreciation Cover option can provide broad protection, it doesn't cover every possible scenario.

● Damages caused by normal wear and tear or the age of the bike.

● Damage resulting from riding without wearing a helmet, driving without a valid license, or driving under the influence of alcohol or drugs.

● Damage due to using the bike in restricted conditions, such as floods or using a private bike for commercial purposes.

● Damage occurring outside the policy’s geographical coverage, such as outside India, or caused by war and related events.

● Damage from theft or break-in attempts where the bike itself is not stolen.

● Damage sustained while the bike is used for racing, speed tests, or other competitive events.

Reading the fine print helps you avoid confusion during the claim process.

Other Useful Add-Ons to Consider

While Zero Depreciation is a popular choice, you can also explore other useful add-ons by insurers like TATA AIG during your Bike Insurance renewal. TATA AIG provides a choice of 11 unique add-ons, other than Zero Depreciation, to enhance your coverage, including:

1. Return to Invoice

Covers the financial shortfall between the claim amount and your bike’s original purchase price (or current replacement price) in case of total loss or theft. Also reimburses first-time registration charges and road tax paid.

2. Additional Third Party Property Damage Cover

Provides extra protection against third-party property damage, increasing the coverage limit up to ₹16 Lakh per claim, over and above the standard ₹1 Lakh cover, in multiples of ₹50,000.

3. Consumable Expenses

Covers the cost of consumables like engine oil, gearbox oil, lubricants, nuts, bolts, screws, distilled water, grease, oil filters, bearings, and similar items required during repairs after an accident (excluding fuel).

4. Emergency Medical Expenses

Reimburses emergency medical expenses for you, the driver, or pillion in case of an accident. Includes hospital/nursing home bills, ambulance charges, and costs for supporting items like crutches or wheelchairs, up to ₹5,000 or 5% of the sum insured.

5. Additional Personal Accident Cover to Owner-Driver

Provides additional personal accident coverage to the owner-driver, over and above the standard ₹15 Lakh cover, up to a maximum of ₹5 Lakh, in case of accidental death or injury.

6. Additional Personal Accident Cover to Unnamed Persons

Offers extra personal accident coverage for unnamed persons (other drivers or pillion riders), up to ₹5 Lakh, in addition to the standard ₹1 Lakh cover, for accidental death or injury while using your insured bike.

7. Roadside Assistance

Covers on-road emergencies such as flat tyres, dead batteries, minor repairs, fuel delivery, spare key retrieval, towing, and arrangement of alternate vehicles, ensuring help is always available during breakdowns or accidents.

8. Electric Surge Secure

Protects electric bikes against loss or damage to the vehicle or charging equipment caused by electric surges, short circuits, arcing, or water ingress during charging. Maximum liability is limited to the Insured Declared Value (IDV).

9. Engine Secure

Covers repair and replacement expenses for internal engine parts, gearbox, and transmission if damaged due to water ingress or lubricating oil leakage (excluding manufacturer warranty and regular wear and tear).

10. Tyre and Rim Secure

Covers repair or replacement costs for accidental or standalone damage to tyres and rims, including service/labour charges. Indemnity is based on unused tread depth and includes up to two replacements per policy period.

11. Depreciation Allowance – Battery

(For electric vehicles) Pays for the depreciation deducted on the value of the battery replaced under an own damage claim. Applicable for vehicles up to 5 years old; covers up to the number of claims specified in the policy.

You can opt for these add-ons either when purchasing a new policy or during renewal, paying an additional premium based on your needs and budget. This flexibility allows you to customise your Bike Insurance for comprehensive protection that goes beyond zero depreciation.

Save More with No Claim Bonus

Save more with No Claim Bonus (NCB)! If you renew your Bike Insurance policy and haven’t made any claims during the previous year, you get a discount on your premium. Insurers such as TATA AIG offer a discount starting at 20% if you have had no claims in the previous year. You can keep your NCB even if you switch to a different insurer, as long as you renew your policy on time.

Final Thoughts

Your Bajaj bike deserves the best care, and renewing your insurance on time is essential. Adding a Zero Depreciation Cover during your Bajaj Bike Insurance renewal helps you recover the full cost of replaced parts without any deduction for depreciation during approved claims. This helps reduce your out-of-pocket expenses after accidents.

Whether you ride a Pulsar, Dominar, Avenger, or any other Bajaj model, always check your policy terms carefully. Some covers may be limited to certain bike ages or a set number of claims.

This is an advertorial. The article is being published as received.