Annual Household expenses
You will need an additional life cover of
to ensure that your family can continue to lead the present, happy life in the future.
HLV Family Banner

Human Life Value Calculator

While no money is enough money, if you think so, and even a penny can do wonders if you believe so, in real life, money is pivotal to livelihood. This is why it is important to understand how much money is required to maintain a particular lifestyle or grow after the demise of earning member of any family. Here HLV calculator can help you to find out the right amount that your loved ones can require if you are no longer with them. While it is not possible to measure loved ones’ value in terms of money, for the sake of the life of the family and those who are left behind, it is important so that they do not break down financially.

Thus, in this article, you will read about the HLV calculator online in details and the following will be covered in this article -

Don't leave your family's future to chance
Bharti AXA life Flexi Term Pro
Get 1 Cr Life Cover, only for ₹ 25#/day!

What is Human Life Value Calculator?

The Human Life Value calculator calculates the amount that an individual or family would require to live if the main earning member passes away. It is basically for calculating the present value of the future cost of living. The HLV calculator takes into account the income and expenses of the future, liabilities and investments and then discounts them to find the present value of the same.

Improtance of HLV Calculator

How is Human Life Value Important?

Every individual needs money for living life. If a family is dependent on a single person, then the entire cost of living of the family is borne by that person. Now in case that person due to some reason unfortunately passes away, then the whole family has to suffer as the source of income closes.

However, to avoid such a scenario and even if there are multiple earning members in a family, having financial support is mandatory. With the help of this HLV calculator, you can easily find out the cost of living for the future of your loved ones and start investing, and take up insurance plans which can help the family to survive and maintain their present lifestyle.

Once using the HLV calculator, you know the amount you need to insure for your family, then you can buy a term insurance plan having the amount you have derived as the sum assured. This will help you have an inflation-adjusted corpus to use in the future.

How to Calculate Human Life Value?

To calculate Human life Value, you need to enter the following details in the first place –

Human Life Value - Expense replacement method
Human Life Value - Income replacement method

If you need to calculate Human life value manually, then you need to first sum up all your income, and then deduct the expenses you have monthly. Now, also add up the savings you have and deduct the liabilities. Now, determine the number of years which are left for you to earn. Then find the factor for discounting these values you have found.

Now multiply the annual income that you have derived and then multiply it by the years left for retirement. Then you get the amount you need to have term insurance for. So, it is quite a job to determine this value and thus, it is easy to calculate it with the help of the HLV calculator.

How Much Life Insurance Cover do you Need?

HLV Life Coverage

Life insurance coverage varies from one person to another. It depends on the lifestyle of the person and the family. Suppose you and your friend are buying an insurance plan and your monthly expense is Rs. 50000 while your friend has Rs. 30000 while the income of both the family is the same and both friends earn the same. The future financial goals are also different and thus this will change the entire human life value. So, there is not a single figure which one can use, it is specific to each individual and the family.

Guaranteed return ke sath tax benefit bhi with
Bharti AXA Life Smart Invest Guaranteed Plan
Invest Rs. 7,000#/Month for 5 years | Get Rs. 7.23L*

Our Recommended Plans

Bharti AXA Life
Flexi Term Pro

  • A Non-linked, Individual, Non-participating Pure Risk Premium Life Insurance policy
  • The plan offers two options: Without Return of Premium and With Return of Premium
  • Under the Without Return of Premium variant, you have the option between Single Life cover or Joint Life Cover i.e., cover for your spouse under the same policy.
  • Flexibility in policy and premium payment terms

Bharti AXA Life
Guaranteed Wealth Pro

  • A non-linked, non-participating individual savings life insurance plan
  • Flexibility to choose the payout structure
  • Multiple income options
  • Option to receive tax free income beginning from the second policy year itself
  • Option to get lifelong income along with life cover till 100 years of age

Bharti AXA Life
Smart Invest Guaranteed Plan

  • A Non-Linked, Non-Participating, Life Insurance, Individual Savings Product
  • Guaranteed Financial Returns (Provided policy is in force and all due premiums have been paid)
  • Option to choose from 2 plan variants
  • Flexibility in Policy Term/Premium Payment Terms

Frequently Asked Questions about HLV

How to access Human Life Value Calculator?

You can you BhartiAxa HLC calculator online anytime to derive the right value of insurance that you should get.

When can I calculate my human life value cover?

There is no particular age for calculating your life value however, it changes with age. So, you need to enter a particular age for getting the right value of insurance that you need to buy.

Can I check insurance coverage for different people?

Yes, you can check the coverage for a different person by entering their details individually.


#For 18 Year Old, Non-Smoker Male, Regular Pay Option, Policy Term Upto Age 75, Without Return of Premium, on online purchase of policy excluding GST.
*For 30 Year Old Male, online purchase of policy excluding underwriting extra premium & GST. PT=10, PPT=5