Identify the Two Factors, that need to be considered, while calculating Human Life Value (H.L.V.).

Related MCQs

• Identify the Life Assurance Plan, where, the Premium is Payable throughout the Life of the Life-Assured.
• Ms. Prajakta earns Rupees 2,40,000/-, Per Annum. She spends Rupees 1 Lakh, Per Annum, on Her-Self. The Market Rate-of-Interest is 7%. Calculate Ms. Prajakta's Life Assurance Amount, through the Human Life Value (H.L.V.) Method.
• Name the Policy, that combines Pure Life Assurance with a Savings-Element. If the Life-Assured lives upto Some Specified Time, then He or She receives the Policy's Face-Value.
• Who, originally proposed the Concept of Human Life Value (H.L.V.)?
• Mr. Rajan earns Rupees 1,20,000/-, a Year, and spends Rupees 24,000/-, on Him-Self. Suppose the Rate of Interest is 8% (expressed as 0.08). Calculate the Human Life Value (H.L.V.), in this Case.
• Identify the Circumstances, under which, the Policy- Holder would need to appoint an Appointee.
• Mr. Suresh has purchased a Life Assurance Policy, so that, His Family-Members do not have to depend on Any-One, in Case of His Un-Timely Death. Identify the Risk-Management Technique, practiced here.
• Identify the Component, that is Not a Part of the Life Assurance Business.
• Identify the Stage of Life, when an Individual will appreciate His or Her Long-Term Savings, the Most.
• From the Following Options, Identify a Non-Traditional Life Assurance Product.