Human Life Value concept measures the value of a human life on the basis of his
A. Gross earnings
B. Net earnings
C. Total earnings
D. Expenses
Answer: Option B
Solution(By Examveda Team)
Human Life Value concept measures the value of a human life on the basis of his Net earnings. The human life value concept deals with human capital, which is a person's income potential. It goes beyond just the numbers and considers the overall impact of losing someone, especially the breadwinner.Related Questions on Insurance
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