#1
June 22nd, 2016, 06:22 PM
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Two Wheeler Insurance IFFCO
Hello sir I want to know about Two Wheeler Insurance rate of depreciation in IFFCO so here can you please give me its basic information ?
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#2
June 23rd, 2016, 09:00 AM
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Re: Two Wheeler Insurance IFFCO
Hey as per your demand here I am providing you details of Two Wheeler Insurance rate of depreciation in IFFCO Eligibility for taking Two Wheeler Insurance If any loss or damage caused to the vehicle due to the following natural and manmade calamities. Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide. Manmade Calamities Rate of depreciation If the vehicle is less than 6 months old, depreciation is not applicable. If the vehicle is more than 6 months old but is not over 1 year old, then the depreciation applicable is 5%. If the vehicle is more than 1 year but is not over 2 years of age, then the depreciation applicable is 10%. If the vehicle is more than 2 years old but is not over 3 years of age, then the depreciation applicable is 15%. If the vehicle is more than 3 years old but is not over 4 years of age, then the depreciation applicable is 25%. If the vehicle is more than 4 years but is not over 5 years of age, then the depreciation applicable is 35%. If the vehicle is more than 5 years but is not over 10 years old, then the depreciation applicable is 40%. If the vehicle is over 10 years of age (since manufacture), then the depreciation applicable on it is 50%. Address Corporate Office, IFFCO Tower, Plot No. 3, Sector 29, Gurgaon -122001 Haryana(India) |
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