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Calculate the Right
Life Insurance Cover
Get the right life insurance cover in 3 steps!
Powered by
The Human Life Value (HLV)
approach to calculating life
insurance requirements
accounts for 4 factors:
• Annual income
• Annual expenses
• Number of years to retirement
• Inflation-adjusted cost of
expenses
Human Life Value
The HLV figure you arrive at should help you make a reasonably accurate
assumption of the value of your income.
Step I
• Your Annual Income =
salary+bonus+employee
benefits+income from
investments.
• Deduct your personal
expenses (food, clothes, travel,
etc) from the above.
• What is left, is what your
family consumes per annum.
Step II
• See how many years are left till
you retire.
• Project family expenses upto
retirement, allowing for reasonable
increments.
•Subtract any pension benefits
your family gets upon your death.
•Add non-recurring expenses, like
your children’s higher education.
The shortfall of the below mentioned expenses is the amount that you should
insure yourself for.
Step III
• Calculate the shortfall’s
present value, allowing for a
reasonable rate of inflation.
• Factor in your existing
investments by deducting your
net worth and accounting for
any big-ticket loans, to arrive at
a reasonable HLV figure.
Know Your Life Cover Needs
• The HLV figure you arrive at
should help you ascertain the
amount of life insurance cover
you need.
• Since HLV is a moving target,
keep reviewing it every 5 years,
at the least.
Thank You
Get the right life insurance cover in 3 steps!
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Calculate the Right Life Insurance Cover

  • 1. Calculate the Right Life Insurance Cover Get the right life insurance cover in 3 steps! Powered by
  • 2. The Human Life Value (HLV) approach to calculating life insurance requirements accounts for 4 factors: • Annual income • Annual expenses • Number of years to retirement • Inflation-adjusted cost of expenses Human Life Value The HLV figure you arrive at should help you make a reasonably accurate assumption of the value of your income.
  • 3. Step I • Your Annual Income = salary+bonus+employee benefits+income from investments. • Deduct your personal expenses (food, clothes, travel, etc) from the above. • What is left, is what your family consumes per annum.
  • 4. Step II • See how many years are left till you retire. • Project family expenses upto retirement, allowing for reasonable increments. •Subtract any pension benefits your family gets upon your death. •Add non-recurring expenses, like your children’s higher education. The shortfall of the below mentioned expenses is the amount that you should insure yourself for.
  • 5. Step III • Calculate the shortfall’s present value, allowing for a reasonable rate of inflation. • Factor in your existing investments by deducting your net worth and accounting for any big-ticket loans, to arrive at a reasonable HLV figure.
  • 6. Know Your Life Cover Needs • The HLV figure you arrive at should help you ascertain the amount of life insurance cover you need. • Since HLV is a moving target, keep reviewing it every 5 years, at the least.
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