Why Shikhar Autoplus Insurance?

100 percent

Depreciation waiver

All insurers deduct for depreciation on your car's parts and therefore you receive your claim only after deducting the amount of depreciation. The insurance company would deduct some amount on all parts except on glass item. Depreciation is charged as follows:

  • 50% on Rubber Items, Tyre, Tube, Light
  • 30% on Parts made of Fibre Glass
  • up to 50% on Mechanical Parts as per the age.

With the depreciation waiver coverage, all depreciation amount deducted will be reimbursed to you, when you make a claim.


Daily rental / transportation cost

While your vehicle is being repaired in the workshop, you need to expend cost for daily travels. With the 'Daily Rental/Transportation Cost' coverage, we will give you cost for daily travels. Daily travel cost will be given for maximum of 14 days in case of partial loss and 30 days in case of total loss.


New vehicle replacement

When your vehicle is stolen or get damaged beyond repair, the claim amount paid will be the insured value of your vehicle minus the salvage. The Insured value of your vehicle also accounts for the depreciation. Therefore, you need to bear the difference cost to buy similar new vehicle. With the 'New Vehicle Replacement' coverage, the difference cost of Sum Insured and showroom price of new vehicle will be reimbursed to you.

100% Transparency

What can you do with Shikhar Auto Plus Insurance?

Find out all you need to know about our Auto
Insurance plans and more.

Yes, Auto-plus is different from motor insurance. It adds extra coverages to your existing comprehensive motor insurance.

Anyone who has a comprehensive motor insurance in Shikhar Insurance and has a vehicle younger than 10 years can buy Autoplus insurance.

When your vehicle is being replaced or repaired, you will be paid rental/transportation cost for a maximum of 30 days in case of Total Loss Claim and for a maximum of 14 days in case of Partial Loss Claim. Daily rental / transportation cost for 4 wheelers and 2 wheelers will be difference. Further, this cost varies as per the Sum Insured of the vehicle.

4 Wheelers
Sum Insured Daily
Up to 20 Lakhs 1,500
Up to 30 Lakhs 2,000
Up to 40 Lakhs 2,500
Up to 50 Lakhs 3,000
Up to 75 Lakhs 4,000
Above to 75 Lakhs 4,500
2 Wheelers
Sum Insured Daily
Up to 2 Lakhs 500
Up to 3 Lakhs 750
Up to 4 Lakhs 1,000
Up to 5 Lakhs 1,250
Up to 10 Lakhs 1,500
Above to 10 Lakhs 2,000

In a normal insurance cover, the maximum amount of claim you can make is restricted to its Insured Declared Value or Sum Insured. This value is less than the market value as the basis of Sum Insured is value of similar new vehicle at showroom less depreciation. With this cover, you receive the difference price of Sum Insured and showroom.

No, you will still have to bear the cost of deductible excess.

You can purchase Auto-plus insurance from any Branch of Shikhar Insurance.

Yes, you can choose any coverages that you want. For example, if you want, you can opt for the depreciation waiver coverage only or if you want depreciation waiver and daily rental coverage, then you can do so. You will have to pay the premium of for each coverages you want as per your requirements.

No, Autoplus is a unique product of Shikhar Insurance.

The Policy period of the Autoplus insurance will be the same as your comprehensive motor vehicle insurance.

The same documents as your comprehensive vehicle insurance. That is, your blue-book and your citizenship.

A comprehensive policy is no doubt a great way to go about in protecting your vehicle from all possible damages. However, during claim- you will still be required to pay for your car’s part depreciation and other expenses such as transportation. Autoplus insurance is a better option as it won’t only give your vehicle maximum coverage but will also save you from paying for your vehicle’s depreciation cost during claims and receive reimbursement for your transportation cost while your vehicle is being repaired.


  1. Is not available for Commercial Vehicles
  2. Vehicles aged above 10 years
  3. Compensation for deductible access and salvage value

Why our customers loves us?