Term Insurance Cover Calculator (HLV)

Calculate your exact Human Life Value (HLV) and required term insurance coverage based on your current income, future goals, and liabilities.

Interactive Term Insurance Cover Calculator (HLV)
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Formula & Calculation Methodology

Combines two methods: 1. Rule of Thumb (10x-20x annual income based on age). 2. Needs Method (Present Value of family expenses + Liabilities + Goals - Savings). Takes the higher of the two.

Frequently Asked Questions

What is Human Life Value (HLV)?

Human Life Value is the present value of all future income you expect to earn for your family. It helps determine the ideal term insurance cover.

Should I deduct my existing savings?

Yes, existing savings (like FDs, mutual funds) reduce the insurance burden because your family already has access to those funds in an emergency.

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