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About this tool
Economic value of your future earnings for life insurance planning, with growth, discount rate, loans and existing cover.
The Human Life Value Calculator estimates the economic value of your remaining working life — the present value of every rupee you would still have earned and handed to your family. It discounts your growing future income back to today, adds outstanding loans and planned goals such as education and marriage, then subtracts your savings and existing policies to reveal the term insurance gap. It is built for salaried earners, business owners and anyone comparing quoted sum assured against a defensible number.
Open Human Life Value Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Uses a present-value growing-annuity formula instead of a flat income multiple, so growth and the time value of money both count.
Nets off savings, investments and any policy you already hold, so the headline figure is the extra cover you actually need to buy.
Adds outstanding debt and future commitments so the family is not left servicing an EMI out of the claim amount.
Human Life Value (HLV) is the present value of the income a person is expected to earn and contribute to their dependants over the rest of their working life. Insurers and advisors use it to judge whether a proposed sum assured is adequate.
HLV measures what the family loses, not what you earn. The share of income you spend on yourself would disappear along with you, so only the portion supporting dependants is capitalised.
A rate close to a safe long-term return — typically 7% to 8% in India — is common, since the claim amount would realistically be parked in conservative instruments. A higher discount rate lowers the HLV, so keep it conservative.
The 10× rule is a quick check; HLV is more precise because it accounts for years left to retirement, expected salary growth, loans and existing cover. Many insurers cap the sum assured they will issue at an age-linked income multiple, so treat HLV as your target and confirm eligibility with the insurer.
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