Human Life Value (HLV) · Deterministic
Term Life Cover
Estimate required term insurance cover using the Human Life Value model: Income × Working Years + Liabilities − Investments.
HLV
Model
4
Inputs
Instant
Result
Term Life Cover Calculator
Enter income, years left to work, liabilities, and current investments. We’ll estimate suggested cover using a simple HLV model.
Annual Income (₹)
Remaining Working Years
Liabilities (₹)
Include home loan, personal loans, outstanding debt.
Existing Investments (₹)
Savings, mutual funds, FDs, EPF corpus (indicative).
Formula: Required Cover = (Annual Income × Remaining Working Years) + Liabilities − Existing Investments.
Explanation
Why use the HLV method?
Human Life Value (HLV) approximates the economic value of your future earnings. Term cover is typically chosen to replace those earnings and protect dependents, while also accounting for existing liabilities and assets.
This model is intentionally simple and deterministic. For a more personalised plan, consider dependents, inflation, existing cover, and goals like child education.