SherArtha Insurance Services

SherArtha is here to assist you in securing the best insurance coverage tailored to your needs, whether it’s for yourself, family members, home, factory, business, or vehicles. Our dedicated team, with over 15 years of experience in insurance services, is committed to providing expert guidance. Insurance stands as a crucial financial safeguard for your family members, offering peace of mind in uncertain times.

Traditionally, the essentials for human survival were said to be ‘Roti, Kapda, Makaan’ (food, clothing, shelter). However, in our evolving world, additional needs have emerged. SherArtha believes that post the impact of the COVID-19 pandemic, ensuring a healthy and high-quality life requires the necessity of Roti, Kapda, Makaan’ (food, clothing, shelter), Health and Life insurance. Term Insurance stands as an added benefit for families, providing support in unforeseen circumstances that may affect the primary breadwinner.

What Is Insurance

Insurance is a contractual agreement between an individual and an insurance company designed to mitigate financial risks. When you invest in insurance, you are essentially securing protection against unforeseen future financial losses. In the event of incidents like fire, accidents, injuries, disabilities, property damage, or death, the insurance company provides a predetermined claim amount, offering financial support. Without insurance, you bear full responsibility for associated costs in the event of an unfortunate occurrence.

There are main two types of insurance Life and General insurance in which other insurance policies are includes

Life insurance

The premium for life insurance is contingent on various factors such as age, gender, health, family medical history, smoking or tobacco use, alcohol consumption, coverage amount, lifestyle, and occupation. Life insurance assures that, in the unfortunate event of the insured person’s death, a predetermined sum is provided to beneficiaries (spouse or children)

Health insurance

The premium for health insurance is determined by factors such as age, gender, current and past health status, smoking or tobacco use, alcohol consumption, existing medical coverage, family medical history, lifestyle, and occupation. Health insurance provides coverage for both routine and emergency medical expenses.

Term insurance

Term insurance provides coverage for a designated period, such as until the insured reaches the age of 75 or 85. If the insured person passes away during this period while paying premiums, their beneficiaries receive a payment.

Auto insurance

The premium for auto insurance is influenced by factors like the vehicle’s age, past accident history, no claim bonus, driving record, personal accident cover, Insured Declared Value (IDV), and Third-party liability, among others, which can vary by state. Auto insurance provides coverage for claims in case of injury or damage caused to someone else’s car (third party). In the event of an accident, the insurance company covers the repair costs for your vehicle or, if necessary, replaces it.

Home insurance

The premium for home insurance is determined by factors such as the home’s location, construction cost, current property value, the credit history of the policyholder, personal belongings, CIBIL score, and coverage against natural calamities, in accordance with the insurance company’s criteria.

Travel Insurance

The premium for travel insurance is based on factors such as the travel cost and emergency healthcare expenses. Travel insurance provides coverage for losses incurred during travel, including claims for trip cancellations, travel delays, medical expenses, lost or damaged luggage, flight cancellations, rental cars, rental homes, and other unforeseen incidents, all influenced by customer reviews and additional considerations.