How Much Life Insurance Do You Really Need?
Two simple methods to size your life cover — income replacement and the DIME approach — so your family is protected without over-paying for premiums.
Human Life Value Calculator
Verified formula Updated Jun 2026 Private — runs on your device
Verified formula
Private
Human life value
₹1,37,64,831
For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.
How to use the Human Life Value Calculator
The Human Life Value Calculator works out your human life value in an instant. Enter annual income, discount rate and years to retirement and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.
- Enter the annual income.
- Enter the discount rate.
- Enter the years to retirement.
- Read off your human life value — the calculator updates automatically, with no button to press.
Formula
The Human Life Value Calculator uses the formula:
Human life value = Annual income × (1 - (1 + Discount rate ÷ 100)^(-Years to retirement)) ÷ (Discount rate ÷ 100)
Worked example
For example, with annual income of ₹1,000,000, discount rate of 6% and years to retirement of 30, the human life value is ₹1,37,64,831.
| Annual income | ₹1,000,000 |
|---|---|
| Discount rate | 6% |
| Years to retirement | 30 |
| Human life value | ₹1,37,64,831 |
|---|
Results are estimates for educational use, not professional advice.
Frequently asked questions
HLV is the present value of all the income you would earn until retirement. It represents your economic value to your family. 10,00,000 a year for 30 years at 6% is about 1,37,64,831 today.
It discounts your future annual income back to today using a discount rate, like a present-value-of-annuity calculation.
Future income is worth less than money today, so discounting gives a fair single figure for cover you need now.
HLV discounts future income for the time value of money, while a simple income × years rule does not, so HLV is usually a little lower.
Enter the annual income. Enter the discount rate. Enter the years to retirement. Read off your human life value — the calculator updates automatically, with no button to press.
Related guides
Human Life Value Table: Human life value by Annual income
Reference table of human life value for Human Life Value across a range of annual income values — exact, engine-computed figures you can read off at a glance.
How to Calculate Human Life Value: Formula, Steps & Examples
Learn how to calculate Human Life Value — the formula explained step by step, with worked examples and a free calculator to check your answer.
Insurance Co-Payment Table: Your share by Claim amount
Reference table of share for Insurance Co-Payment across a range of claim amount values — exact, engine-computed figures you can read off at a glance.