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Human Life Value Calculator

The human life value calculator helps you estimate the current worth of your future income. The tool can help you tackle the financial stress your family might face during your unfortunate absence. This Human Life Value (HLV) Calculator further helps you determine the estimated life cover you need to secure loved ones. Simply put, this Human Life Value guides you towards identifying the death benefit amount your dependents will be entitled to out of your term insurance policy.

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What Is HLV (Human Value Calculator)?

Human life value, or HLV, indicates your term insurance requirement based on your income and future worth. It is defined as the present value of your future earnings, liabilities, savings, and investments. Based on your HLV, you can gauge the finances your dependents will need to fund their expenses in your absence or unfortunate demise. Basically, you should insure a cover equivalent to your HLV for the people who depend on you to sustain their lifestyle.

Let’s understand human life value calculation with the help of this example, using the Income Replacement Approach:

If Akash is a 30-year-old male, with a yearly income of Rs. 10 Lakhs, and he intends to work for the next 30 years of his life (i.e. until age 60), his human life value would be:

(60-30) x 1000000 = Rs. 3 Crores (at the least)

Human Life Value Calculator Human Life Value Calculator

How To Calculate Human Life Value Online?

Understand how to calculate human life value online and use the calculator to know the results in seconds. Below mentioned are the steps to use the Human Value Calculator:it.

Step 1: Enter your age.

Step 2: Enter your annual income.

Step 3: Mention if you have existing life insurance coverage an existing life insurance cover.

Step 4: Click on “Calculate Now”.

Calculating HLV may seem complicated to be done manually, given that many factors must be considered. With this online HLV calculator, the task has become much easier and reliable. However, your HLV at 25 will be different from what you shall need at the age of 35. Therefore, use the HLV calculator featured on our website regularly to keep updated about your insurance needs.

Note: It is suggested to calculate the term plan premium on the term insurance calculator online tool by Policybazaar before buying the plan.

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How Is HLV Important?

HLV is an important metric to determine insurance needs if you have family members depending on you for finances. When choosing an insurance cover, you should ensure that it is as comprehensive as possible to enable a smooth transition for your family after your death. Having an idea of the financial obligations and ensuring that your dependents don’t have to struggle to keep up with those is why calculating your HLV is important.

Briefly, calculating your HLV will help you address the following uncertainties:

  • You can assess if your current term life cover amount is sufficient with the inflation rate.

  • If there has been a new addition to your family, say a newborn, you can identify if the cover amount suffices their needs as well.

  • In line with the above two pointers, you will be able to analyze if you need another term life insurance cover.

  • You can estimate how much more your second life cover should be worth to arrive at a well-rounded, comprehensive figure.

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How Does The Human Life Value Calculator Help You?

The assistance you receive from the HLV Calculator is primarily two-fold. Let’s understand here:

  1. Income Replacement:

    The method estimates the regular income that your family will need from the insurance payout to support themselves.

  2. Need-based:

    This considers the specific needs the insurance cover is expected to cover, such as debts/loans, mortgages, etc. Need-based calculation can also be used to finance goals such as child education, marriage, etc.

    Note: Know what is term insurance first and then buy a term plan for your loved ones.


  • Q: Who invented the Human Life Value?

    Human Life Value was invented by Dr. Solomon S. Huebner.
  • Q: What is the Human Life Value Calculator?

    The Human Life Value Calculator is a tool that helps estimate the current worth of your future income. It assists in determining the appropriate life cover needed to secure your loved ones financially in case of your absence.
  • Q: How to calculate Human Life Value online?

    Calculating your Human Life Value online is simple. Just follow these steps:
    • Enter your age.
    • Input your annual income.
    • Specify if you have existing life insurance coverage.
    • Click on "Calculate Now" to get your results instantly.
  • Q: What exactly is Human Life Value (HLV)?

    Human Life Value (HLV) is the present value of your future earnings, liabilities, savings, and investments. It indicates the financial support your dependents would require in the event of your untimely demise.
  • Q: Why is calculating HLV important?

    Calculating your HLV helps determine the appropriate amount of life insurance coverage needed to sustain your family's financial well-being. It ensures that your dependents can maintain their lifestyle and meet their financial obligations even after your demise.
  • Q: How is HLV calculated?

    HLV is calculated by considering factors such as your current age, target retirement age, occupation, annual income, existing savings, debts, and any existing life insurance coverage.
  • Q: How does the Human Life Value Calculator help me?

    The Human Life Value Calculator helps in two ways:
    • Income Replacement: It estimates the regular income your family requires from the insurance payout to sustain themselves.
    • Need-based: It considers specific financial needs like debts, mortgages, education expenses, etc., ensuring comprehensive coverage.
  • Q: What is HLV?

    HLV, or Human Life Value, represents the present value of future income, expenses, liabilities, and investments. It's a crucial indicator used to determine the amount of term insurance needed to secure the financial future of your dependents in case of your absence.
  • Q: How much life insurance do you need?

    Selecting the right life insurance cover can be complex. Consider inflation and your family's future needs. Typically, aiming for ten times your current annual income is advisable, accounting for inflation and any outstanding loans to ensure your family's financial security.
  • Q: How important is it to plan for the well-being of your family in the case of any unfortunate event?

    Planning for the future is essential to safeguard your family's financial interests. Life insurance provides a crucial financial cushion, ensuring your loved ones can maintain their lifestyle and meet their goals even in your absence.
  • Q: How can the right amount of life insurance give you peace of mind?

    Adequate life insurance offers peace of mind, ensuring your family can maintain their lifestyle and meet their financial goals in your absence. It also protects them under the Married Women’s Property Act, ensuring they receive the full claim amount.
  • Q: How can you assess your Human Life Value?

    Assessing your HLV involves considering age, gender, occupation, target retirement age, annual income, employment benefits, and financial information about dependents.
  • Q: What is the importance of HLV?

    HLV assigns a monetary value to your life's economic worth, ensuring your dependents have adequate financial resources if you're no longer around. It's crucial to determine the right amount of life insurance needed to protect your family's financial future.

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