A STUDY ON HUMAN LIFE VALUE AT KOTAK LIFE INSURANCE

Abstract

This project explores the concept of "Human Life Value" (HLV) in the context of life insurance, focusing particularly on the approach taken by Kotak Life Insurance Ltd. HLV is a crucial factor in determining the appropriate coverage and financial protection needed by individuals and their families. Kotak Life Insurance Ltd. employs various methodologies and factors to calculate HLV, considering aspects such as age, income, expenses, future obligations, and potential risks. Understanding HLV aids individuals in making informed decisions about their life insurance coverage, ensuring adequate protection for their loved ones in the event of unforeseen circumstances