Question

Simran a seasoned professional working with a well-known IT company, earning around

Rs. 1.50 Lacs per month. Her husband Samarjeet Singh is a Doctor and a successful

practicing surgeon earning around Rs. 5.00 Lacs per month. They have a daughter, 3-

year-old Simarpreet Kaur. Simran and Samarjeet are planning to buy a house for a price

of Rs. 5.00 Cr. in next 2-3 months and taking a loan from a Bank. While having a

conversation with them you got to know that the total Insurance Cover is only Rs 5.00

lacs in the family put to gather all the insurance and only a Health Insurance of Rs. 2 Lacs

given by Simran’s company.

As a consultant to Dr. Samarjeet and Simran you are expected to:

a. Do a comprehensive calculation of Human Life Value and identify the exact amount of

the Insurance Cover to be given
b. As per your understanding what all Insurance Products would you like to suggest them

as a complete financial protection for the family.​

Answer 1

Answer:

b is the answer bro

hope it helps