Insurance needed by a person can be determined by

Home / Commerce / Insurance / Question
Examveda
Examveda

Insurance needed by a person can be determined by

A. Human Life Value method

B. Life Term proposition method

C. Future Life value method

D. Human Economic value method

Answer: Option A

Solution (By Examveda Team)

Insurance needed by a person can be determined by Human Life Value method. 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.

This Question Belongs to Commerce >> Insurance

Join The Discussion

Related Questions on Insurance
  View Answer
  View Answer
  View Answer
  View Answer

Read More: MCQ Type Questions and Answers