Human Life Value Calculator
Value your future earnings that support your family, discounted to today, to size life cover.
Human Life Value Calculator
Contributions run until this age.
Share of income spent on yourself, not your dependants.
First-Year Contribution
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Total Contributions (undiscounted)
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HLV as Multiple of Income
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Shortfall vs Existing Cover
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Human Life Value (present value)
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Contributions over your working life
Year-by-Year Contributions
| Year | Age | Income (₹) | To dependants (₹) | Discount factor | Present value (₹) | Cumulative PV (₹) |
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Assumptions & method
- Contribution in year t = income × (1 + g)^(t−1) × (1 − c), where g is income growth and c is the share you spend on yourself.
- Human life value = Σ contribution_t ÷ (1 + r)^t, the present value of a growing annuity. In closed form: C × [1 − ((1+g)/(1+r))ⁿ] ÷ (r − g), with C the first-year contribution.
- Duration = retirement age − current age, in whole years. The first year uses today's income with the first raise applying from year 2. Cash flows are at the end of each year.
- Income growth, consumption share and discount rate are constant and are your assumptions. Real careers vary with promotions, breaks and inflation.
- Taxes, savings that outlive you, dependants' own income and benefits from other sources are not modelled.
- Existing cover is compared directly with the result. The method values earning capacity and does not cover debts or specific goals, so use it alongside a needs-based estimate.
Results are estimates based on the figures you enter. They are not guarantees and not financial advice.
What is human life value?
Human life value (HLV) treats your earning ability as an asset. It asks: what are the earnings that would go to your family over your remaining working life worth today? To answer, the calculator takes your income, grows it each year, removes the share you spend on yourself, and discounts what is left back to the present. The discount rate reflects the return your family could earn on a lump sum. A higher rate or higher personal consumption lowers the value, while faster income growth or more working years raise it. HLV is a rule-of-thumb for sizing life cover, and it ignores debts and one-off goals, so compare it with a needs-based estimate such as the Life Insurance Coverage Estimator.