Human Life Value (HLV) represents the monetary value of a person's future earning capacity to their dependents. Calculating HLV ensures that if the breadwinner passes away unexpectedly, the family has adequate capital to maintain their lifestyle, clear debts, and fund children's higher education.

Q2: How does the HLV Calculator calculate my insurance need? ⌄

It computes your annual family living expenses multiplied by your remaining working years (discounted for present value), adds outstanding liabilities like home loans, and deducts your existing life cover to reveal the net protection gap.

Q3: Which LIC policies are best to cover an HLV protection gap? ⌄

For large HLV gaps (e.g. ₹50 Lakhs to ₹2 Crores), LIC Tech Term (854) or Yuva Term (875) offer the most affordable pure protection covers.

Q4: How often should I review my Human Life Value? ⌄

You should recalculate your HLV every 2 to 3 years, or whenever you experience major life milestones such as marriage, birth of a child, salary increments, or taking on a new home loan.