How do we determine the right life insurance amount ?


Dear 

It should be done through HLV ( Human Life Value ) method

For example : You are 30 year old and earning Rs 10 lakh per annum .

Human income generation is considered till age 65 .

You will generate income for next 35 year .

Hence you HLV = Earning multiplied by No of years i.e 10 * 35 = 350 lakh 

So you need a life cover of 350 lakh 

Hope this clarifies 

How would you rate the answer?


Excellent Good Neutral Poor Bad

Thank you for your response..


tesz.in
Hey , can you help?
Answer this question