Insurance
Human Life Value Calculator
Estimates the life insurance cover you need using the income-replacement method: what your family would need to replace your income.
Your details
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%
yrs
₹
₹
Additional cover needed
₹2,60,00,000
Total cover need
₹2,70,00,000
Based on the income your family would need to replace, plus outstanding liabilities, your total cover need is about ₹2,70,00,000. After your existing cover, you need approximately ₹2,60,00,000 more.
This is a simplified income-replacement estimate with no inflation or investment-return discounting — a licensed advisor can refine this for your specific situation.
How this is calculated
Income for family = Annual income × (1 − personal expense %). Total need = (Income for family × years to retirement) + outstanding liabilities. Additional cover needed = total need − existing cover.
Want to understand this better?
Term Insurance vs Endowment: Why They're Not Actually Comparable
Frequently asked questions
What is the income-replacement method?
It estimates the cover needed as the income your dependents would lose, multiplied by the years they'd need it, plus any debts they'd otherwise inherit.
Why subtract my personal expenses?
The portion of your income you spend only on yourself doesn't need to be 'replaced' for your family — only the portion that supports them does.
Should I include my mortgage in liabilities?
Yes — most people want their outstanding home loan and other debts fully covered so their family isn't left with the repayment burden.