Your Current Annual Income (Rs)
Expected increase in income (% per annum)
Outstanding loan amount (Rs)
Number of Years
Your Current Annual Income
Rs.
Expected increase in income (% per annum)
%
Outstanding loan amount
Rs.
cumulative income that you will have to take care in next years
Rs.
Your ideal life cover
Rs.
Human Life Value (HLV) estimates the economic value a person contributes to their dependents over their remaining working years - essentially, the income stream that would need replacing if that person were no longer around to earn it. It's used specifically to size life insurance cover, and is unrelated to health or medical insurance.
The calculator typically works from your current income, essential expenses, age, and expected remaining working years, converting that future income stream into a present-day cover amount your dependents would need if it had to be replaced today.
Treat the resulting figure as a starting reference rather than a final answer. In practice, advisors often adjust it further for outstanding loans that would otherwise fall to your family, a spouse's own income capacity, and specific future costs like children's education - and it's worth recalculating whenever income, loans or family circumstances change materially, rather than treating a cover amount as a one-time decision.
