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This question belongs to Commerce Insurance

Insurance

?

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 & Solution

Correct Answer: Option A

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.

Question posted by Examveda

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