What is the Human Life Value (HLV) approach?

The Human Life Value approach estimates the financial value of your future income to the people who depend on it. It is one common way to think about how much life cover a family may need, based on income replacement rather than a fixed rule of thumb.

Why does the calculator use 70% of my income?

The 70% figure is a simplified assumption that reflects the portion of income typically needed to cover a family’s living expenses. Your actual needs may be higher or lower depending on your lifestyle, dependants and existing savings.

Can Bappaditya help me choose the right life insurance?

Yes. Bappaditya offers a free, no-obligation consultation to understand your family’s responsibilities and compare term plans and life cover across leading insurers. Insurance is the subject matter of solicitation, and policy benefits are governed by the terms of the respective insurer.

Life Insurance · Calculator

Life Insurance / HLV Calculator

Q: Is the cover amount shown by this calculator a recommendation?

No. This calculator provides an indicative estimate only and does not constitute a recommendation or guarantee of insurance coverage. The appropriate insurance cover depends on individual circumstances and a professional assessment of your family’s needs.

Get an indicative estimate of the life insurance cover your family may need, based on your income, liabilities and existing cover. Illustrative only — not a recommendation.

Annual income

₹

Current age

years

Existing life insurance cover

₹

Outstanding loans / liabilities

₹

Years income should be protected

years

Indicative protection requirement₹74,38,859

Income replacement value₹54,38,859

Existing cover₹0

Liabilities added₹20,00,000

This calculator provides an indicative estimate only and does not constitute a recommendation or guarantee of insurance coverage. The appropriate insurance cover depends on individual circumstances and a professional assessment of your family’s needs, goals and financial situation.

How to use this life insurance / HLV calculator and what your result means

The calculator estimates the life insurance cover your family may need using the income-replacement approach. It works out the present value of the income your family would need over the protection period, adds your outstanding loans and liabilities, and subtracts any life cover you already hold. The result is an indicative protection requirement — a starting point for a conversation, not a recommendation.

Each variable moves the estimate. A higher annual income or a longer protection period raises the requirement, while existing life cover reduces it. Liabilities are added in full, because a payout should ideally clear debts so the family’s income is not consumed by EMIs. Age matters indirectly: younger earners typically need longer protection periods, because their dependants rely on the income for more years.

When planning, revisit the figure after every major life event — a new child, a new loan, or a change in income. Term plans generally offer a high sum assured at a relatively modest premium, so the cover your family needs may cost less than you expect. A consultation can refine this estimate against your family’s actual expenses, savings and goals.

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