Enter Your Details
Do you have dependents?
Annual Income
Total: ₹6,00,000
Your personal living expenses (not family expenses)
Existing Assets
Total Assets: ₹5,00,000
Outstanding Liabilities
Total Liabilities: ₹10,00,000
Your Results
Your Human Life Value
₹57,04,969
Present value of your future financial contributions
Recommended Insurance Coverage
₹52,04,969
Additional coverage needed to protect your family
Years to Retirement
30 years
Annual Cash Flow to Family
₹3,00,000
Goal Setting - Protection
⚠️ Insurance Gap Identified
Consider increasing your life insurance coverage to adequately protect your family.
* This calculator provides an estimate. Consult with a financial advisor for personalized insurance planning.
About Human Life Value Calculator
Insurance Planning
Calculate the right life insurance coverage to protect your family's financial future
Comprehensive Analysis
Factors in income, expenses, assets, liabilities, and existing insurance
Dependent-Based
Calculates value based on your financial contribution to spouse and dependents
Scientific Method
Uses present value calculations with income growth and inflation adjustments
What is Human Life Value?
Human Life Value (HLV) is a concept that calculates the present value of all future income that you would earn and contribute to your family until retirement. It represents the economic value of your life to your dependents and helps determine the appropriate amount of life insurance coverage needed to protect your family's financial future.
How is HLV Calculated?
- Calculate your annual contribution to family (Income - Personal Expenses)
- Determine the number of years until retirement
- Apply inflation and expected return rates to find present value
- Add outstanding liabilities that need to be covered
- Subtract existing assets and insurance coverage
Why is HLV Important?
Financial Protection
Ensures your family maintains their lifestyle even in your absence
Scientific Approach
Provides a rational, mathematical basis for insurance decisions
Adequate Coverage
Helps avoid under-insurance or over-insurance
Goal-Based Planning
Accounts for liabilities and future financial obligations
Factors That Affect Your HLV
Income Factors
- • Current annual income
- • Expected salary growth
- • Additional income sources
- • Bonus and incentives
Family Factors
- • Number of dependents
- • Spouse's income
- • Children's education needs
- • Elderly parent care
Financial Factors
- • Outstanding loans
- • Existing investments
- • Current insurance
- • Future liabilities
Need Help Choosing the Right Insurance?
Our certified insurance advisors can help you select the right life insurance policy based on your HLV and family's specific needs.