✅ The correct answer is B.
Human Life Value concept measures the value of a human life on the basis of his Net earnings. 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.

✅ The correct answer is A.
According to common law, At the time of taking policy insurable interest must be present in a life insurance contract. If there was no insurable interest requirement, some people would be tempted to purchase life insurance policies to collect the death benefit by killing the insured. A person is always considered to have an unlimited insurable interest in his own life and health.

✅ The correct answer is D.
All the statements are correct.
In complex cases the underwriter may adopt judgment method, rather than numerical method only, Decision as to acceptability of risk is that of the underwriter and Postponement of risk is also a kind of underwriting decision.

✅ The correct answer is A.
Policy decisions in an insurance organization doesnt mean decisions relating to issue of specific insurance policies. A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol.

✅ The correct answer is D.
All the statements are correct.
Life insurance selling is different from selling of other items, Life insurance involves concept selling and hence challenging and An agent has to create in his client’s mind need for life insurance.