Does anybody tell me how to calculate HLV in Insurance Q. Mr. Jagadish has given his personal details as fol?

. Mr. Jagadish has given his personal details as follows:- Current Age 30 yrs , Plans to Retire at age 65. Job Profile :- Senior Manager in Telco Ltd with Annual Salary of Rs.10,00,000 Annual Cash Outflow Professional tax of Rs.5,000 Income tax Rs. 1,95,000 Reasonable self-maintenance expenditure Rs.1,00,000 p.a. Life insurance premium for self Insurance Rs. 20,000 having sum assured Rs. 20 Lakhs Life insurance premium for Sulekha (wife) Rs. 13000 having sum assured Rs. 5 Lakhs Life insurance premium for Aditya (son) Rs. 7000 having sum assured Rs. 2 Lakhs Assume:- Rate of interest for capitalization of future income is at 10%. As a Financial Planner recommend the Insurance Cover using “HLV Method” e) Rs.46 lakhs e) Rs.68 lakhs e) Rs.48 lakhs e) Rs.66 lakhs e) None of the above

Asked By: - 8/10/2011
Best Answer - Chosen by Asker
I think its none of the above i expect hlv of the above person is 36,000,000 Rs. HAVE A NICE DAY.
Answered By: tripathy(9891331297) - 8/11/2011
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