Human Life Value (HLV) Calculator
The Human Life Value approach calculates the present value of your future income that your family depends on. Use this to determine your ideal life insurance cover.
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Your HLV Result
Human Life Value
₹60,00,000
This is a simplified HLV estimate. Consult a financial advisor for a comprehensive analysis. Consider inflation, future goals, and existing assets for accurate planning.
Human Life Value (HLV) Valuation Framework
The Human Life Value (HLV) concept, pioneered by Professor Solomon S. Huebner, measures the economic value of an individual to their financial dependents. In life insurance planning, HLV represents the present lump-sum value of future net income that would be lost to the family upon the primary earner's untimely demise.
Calculates total net surplus contributed by the breadwinner over remaining working years to maintain the family's current lifestyle.
Adds specific financial liabilities (e.g. Home Loan principal, higher education corpus, marriage funds) to base living cost replacements.
Worked Case Study: 30-Year-Old Salaried Professional
Consider a 30-year-old professional earning ₹10,00,000 annually, spending 40% (₹4,00,000) on personal upkeep, and planning to retire at age 60 (30 working years remaining):
The 10x–15x income multiplier is a general financial planning heuristic. Actual life insurance coverage issued by IRDAI-regulated insurance companies is subject to financial underwriting, age caps, medical screening, and income documentation (Form 16 / ITR proofs). HLV estimates do not guarantee term policy approval.