A) HUF
B) HLF
C) HLV
D) HVP
E) LIC
Correct Answer: C
Solution :
The Human Life Value (HLV) concept considers human life as a kind of property or asset that earns an income. It thus measures the value of human life based on an individual's expected net future earnings. Net earnings means income a person expects to earn each year in the future, less the amount he would spend on self. It, thus, indicates the economic loss a family would suffer if the wage earner were to die prematurely.
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