Human Life Value Calculator
Calculate how much life insurance you need based on income, expenses, liabilities & goals
Your Details
Expenses that stop if you are not around
Rate to discount future income to present value
Results
Coverage Adequacy
How your existing coverage compares to your total insurance need
HLV Components Breakdown
Positive values add to your insurance need, negative values reduce it
HLV Composition
Proportional breakdown of your total insurance need (before offsets)
Year-by-Year Income Projection
Projected gross income, net contribution, and present value for each working year
| Year | Age | Gross Income | Net Contribution | Present Value |
|---|---|---|---|---|
| Year 1 | 31 | ₹10.00 L | ₹7.00 L | ₹6.48 L |
| Year 2 | 32 | ₹10.80 L | ₹7.80 L | ₹6.69 L |
| Year 3 | 33 | ₹11.66 L | ₹8.66 L | ₹6.88 L |
| Year 4 | 34 | ₹12.60 L | ₹9.60 L | ₹7.05 L |
| Year 5 | 35 | ₹13.60 L | ₹10.60 L | ₹7.22 L |
| ... 20 more years ... | ||||
| Year 26 | 56 | ₹68.48 L | ₹65.48 L | ₹8.85 L |
| Year 27 | 57 | ₹73.96 L | ₹70.96 L | ₹8.88 L |
| Year 28 | 58 | ₹79.88 L | ₹76.88 L | ₹8.91 L |
| Year 29 | 59 | ₹86.27 L | ₹83.27 L | ₹8.94 L |
| Year 30 | 60 | ₹93.17 L | ₹90.17 L | ₹8.96 L |
Actionable Insights
Your coverage gap is ₹2.74 Cr. Consider a term life insurance plan of at least this amount to protect your family.
Your recommended cover is 27.4x your current annual income. Financial experts typically recommend 10-15x annual income as life cover.
Review your HLV every 2-3 years or whenever there is a major life event (marriage, child birth, home purchase) to keep your coverage adequate.
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns.
What is your economic value to your family?
Human Life Value (HLV) is the financial worth of your future earnings to the people who depend on you — the income your family would have to replace if you were no longer there to provide it. It is the most rigorous basis for deciding how much life cover to buy, because it is grounded in your actual income and dependency period rather than a rough multiple.
This calculator estimates your HLV as the present value of your future income over your working years, which gives you a target for term-insurance cover. It is worth revisiting periodically: as your income rises, loans are cleared and children become independent, your HLV — and the cover you need — changes.
How this calculator works
- 1Enter your current annual income, age, expected retirement age and income growth.
- 2The calculator discounts your future income stream to a present value.
- 3That figure is your Human Life Value — a basis for the term cover to aim for.
Frequently asked questions
What is Human Life Value?
Human Life Value is the present value of the income you would earn over your remaining working life that your family depends on. It represents the economic loss your dependents would face without you, and it is a sound, needs-based way to decide how much life insurance to hold.
How is HLV different from an income multiple?
An income multiple (say 10–15× annual income) is a quick rule of thumb. HLV is more precise: it discounts your actual future income to today’s value, accounting for your remaining working years and income growth. For most people it gives a more defensible cover figure than a flat multiple.
Does my HLV change over time?
Yes. As your income grows your HLV can rise, but as you approach retirement, clear loans and your dependents become financially independent, the future income they rely on shrinks — so HLV, and the cover you need, generally falls in later years. It is worth reviewing every few years.
Insurance is the subject matter of solicitation. Illustrative and for education only; actual cover needs depend on your full situation.
Related Calculators
Explore more tools that pair well with this one
Term Insurance Calculator
Needs-based approach to find adequate term insurance with gap analysis.
Health Insurance Calculator
City-tier, family, and age-based calculation with medical inflation projection.
Term Plan: Regular + SIP vs Limited Pay
Unique calculator: prove Regular Pay + SIP beats Limited Pay with bonus corpus at maturity.
Insurance IRR/XIRR Calculator
Decode what your life insurance policy is really yielding. Enter premium outflows, benefit inflows, and see the true IRR vs a Mutual Fund alternative.
SIP Future Value Calculator
Calculate how much your monthly SIP will grow over time with the power of compounding.
Retirement SIP Planner
Calculate the monthly SIP needed for your retirement corpus.