The wear and tear of plastic, rubber, metal, and other parts depreciate with time and this depreciated value is deducted from the claim. The depreciation is done based on the following percentage:
Age of the car% of DepreciationLess than 6 MonthsNIL>6 months but < 1 year5%>1 year but < 2 years10%>2 years but < 3 years15%>3 years but < 4 years25%>4 years but < 5 years35%>5 years but < 10 years40%10 years or more50%