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Auto Shield Zero Depreciation

ICBD General · Complete policy analysis before you rely on it.

icbd-auto-shield-zero-dep.pdf·1420 KB

Who this sample is for

Drivers comparing private-car insurance and trying to understand zero-dep wording, deductibles, exclusions, and what a claim is likely to pay in practice.

What this report checks

  • Zero-depreciation wording and own-damage cover limits
  • Deductibles, consumables, and engine-protect exclusions
  • Cashless versus reimbursement claim mechanics

What you really own

Standard zero-depreciation private-car policy. What makes it decent: zero-dep means you get full parts cost on claims. What to watch: the consumables rider isn't included, engine-protect isn't bundled, and the compulsory deductible applies on every claim.

Clarity score

59
/100

Moderate

Lower means heavier fine print and more room for claim-day surprises.

Insured declared value

₹7.5 L

₹7,50,000

Annual premium

₹13K

Renews on

9 November 2026

2026

Owner

1

on this policy

Breakdown

What you get, what you don't

Top covered items vs common exclusions, straight from the policy schedule.

The good

What this policy covers

5
  • Own damage — accident, fire, theft, natural disasters
  • Third-party liability — unlimited for bodily injury, capped for property damage
  • Zero-depreciation on parts during the year
  • Personal accident cover for the owner-driver (fixed ₹15L)
  • 24×7 roadside assistance (if selected add-on is active)

The gaps

What it doesn't cover

4
  • Consumables (nuts, bolts, grease, engine oil) — needs a separate rider
  • Engine / gearbox damage from water ingress (hydrostatic lock)
  • Mechanical / electrical breakdown unrelated to an accident
  • Driving under the influence or without a valid licence

Catches

What to watch for

Clauses most likely to surprise you on claim day.

High

Hydrostatic lock excluded

If you drive through heavy waterlogging and the engine seizes, a basic policy won't pay for engine rebuild. Engine-protect rider is essential in monsoon cities.

Watch

No consumables cover

On a typical accident claim, 5–12% of the bill is consumables that the insurer won't pay without a rider.

Minor

IDV may be lower than market value

Insurers often set IDV conservatively. Check resale estimates and negotiate IDV upward at renewal.

The fine print

Rules that change real outcomes

Room rules, co-pay and restoration shape claims more than headline cover.

Cashless garage rules
Repair at a network garage is direct-billed (cashless). Non-network garages need reimbursement claims with original invoices.
Compulsory deductible
Compulsory deductible of ₹1,000 applies on every own-damage claim for cars under ₹7.5L engine capacity. Voluntary deductible wasn't opted for here.
No-claim bonus / Zero-dep
NCB preserved if you declared no claim this year — typically 20–50% off renewal premium. Zero-dep rider also resets each year.
Cover timing
No waiting period — cover is active from the policy start date once payment is captured
NCB (no-claim bonus) accrues only if no claim is filed in the year

Owner

Who owns this policy

Akhil

Owner · 32

Try it on yours

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Same breakdown, on your actual policy, offer letter, NDA or agreement. Your file is private to your account; only the extracted text is analyzed.

Premium is ₹999 for 1 year. No auto-renewal.