Question:
Name the method that helps to determine financial loss due to loss of human life which is based on assessment on the basis of loss of future income.
Name the method that helps to determine financial loss due to loss of human life which is based on assessment on the basis of loss of future income.
Updated On: Dec 16, 2024
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Solution and Explanation
The Human Life Value (HLV) method assesses the financial loss caused by the death of a person. It calculates the future income the person would have earned and their f inancial contribution to dependents.
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