Insurance Calculator

Human Life Value (HLV) Calculator

Calculate the economic value of your life to determine the right amount of life insurance coverage your family needs.

Current Age

1835 Years60

Annual Income (₹ Lakhs)

₹3L₹15L₹100L

Annual Expenses (₹ Lakhs)

₹1L₹8L₹80L

Outstanding Loans (₹ Lakhs)

₹0₹50L₹200L

Children's Education (₹ Lakhs)

₹0₹30L₹100L

Spouse Annual Income (₹ Lakhs)

₹0₹6L₹50L

Existing Life Cover (₹ Lakhs)

₹0₹20L₹100L

Human Life Value

₹330 Lakhs

Additional Cover Needed

₹310 Lakhs

Income Multiplier

18x

Income Component

₹270 Lakhs

Expense Component

₹30 Lakhs

1. Income-Based Method

Annual Income × 18 (age-appropriate multiplier) = ₹270 Lakhs

2. Expense-Based Method

(Annual Expenses − Spouse Income) × 15 years = ₹30 Lakhs

3. Add Liabilities

Outstanding Loans + Children's Education = ₹80 Lakhs

4. Subtract Existing Cover

Total HLV − Existing Insurance = ₹310 Lakhs additional needed

Get the Right Term Insurance Cover

Don't leave your family's future to chance. Our advisors help you choose the perfect term plan at the best premium.