Human Life Value Calculator
A needs-based picture of what your family would need if your income stopped — and the cover that closes the gap.
Your family's picture
share of your income your family must replace (assumed).
the return your family could earn on the payout.
used for the inflation-impact view.
Needs your income covers
Results update live — calculations run in your browser, no signup.
₹1.17 Cr
Extra cover to close the gap on a ₹1.42 Cr total family need — you already hold 18%
Your existing assets alone would fund about 4 years of the income your family needs to replace.
A needs-based planning estimate on the assumptions you set — not insurance or financial advice. Results are not guaranteed.
What makes up your family's needs
Income to replace plus the big specific costs — each as a share of ₹1.42Cr.
Income replacement
70% of income over 30y
Children's education
today's cost
Outstanding loans
to clear in full
Future goals
today's cost
Total need
₹1.42Cr
your family life value
Existing assets & cover
₹25.00L
18% of need
Protection gap
₹1.17Cr
extra cover needed
What your family stands to lose
The total need — and the slice of it that's still unprotected.
If your income stopped today, your family would need about ₹1,41,86,329 — ₹86.86 L to replace 70% of your income for 30 years, plus ₹55.00 L for loans, education and goals. With ₹25,00,000 in assets and cover, about ₹1,16,86,329 — roughly 82% of that need — would be unfunded. A term plan for the gap is the cheapest way to close it.
Each future year of ₹7.00 L replaceable income discounted at 7.0% back to today, and the running total that builds your ₹86.86 L income-replacement need over 30 years.
Annual income
₹10.00L
Replacement rate
70%
Years of support
30
Income-replacement need
₹86.86L
| Year | Income to replace | Discount factor | Value today | Cumulative |
|---|---|---|---|---|
| Year 1 | ₹7.00 L | 0.935 | ₹6.54 L | ₹6.54 L |
| Year 2 | ₹7.00 L | 0.873 | ₹6.11 L | ₹12.66 L |
| Year 3 | ₹7.00 L | 0.816 | ₹5.71 L | ₹18.37 L |
| Year 4 | ₹7.00 L | 0.763 | ₹5.34 L | ₹23.71 L |
| Year 5 | ₹7.00 L | 0.713 | ₹4.99 L | ₹28.70 L |
| Year 6 | ₹7.00 L | 0.666 | ₹4.66 L | ₹33.37 L |
We value ₹7.00 L a year (70% of your income) over 30 years as an annuity, discounting each year at 7.0% — the lump sum that, invested today, could keep that income flowing.
What inflation does to your family's costs
Today's ₹50,000/month at 6.0% a year — same lifestyle, bigger number.
Today
₹50,000/mo
In 10 years
₹89,542/mo
79% higher than today
In 15 years
₹1.20 L/mo
140% higher than today
Real future-value compounding at the inflation rate you set — an estimate, not a forecast. The same money buys less later, which is why protection needs to grow too.
Your family's security timeline
What the cover keeps on track — goals shown after adjusting for inflation at 6.0%.
- Loans clearedimmediate₹25.00L
- Education fundedin ~10 years₹35.82L
- Future goalsin ~15 years₹23.97L
- Income securedto age 60₹86.86L
If something happens today, this is secured
- Outstanding loans cleared₹25.00L
- Children's education funded₹20.00L
- Family income replaced for 30y₹86.86L
- Planned future goals met₹10.00L
- Lifestyle and home maintained₹7.00L
Each line is funded only if your cover meets the recommended ₹1.42 Cr total.
If you're under-protected
- Your family could fall short by about ₹1.17 Cr of what they would need.
- Loans of ₹25.00 L would have to be serviced from a reduced income.
- Children's education (₹20.00 L) may be cut back or delayed.
- Replacing your income would otherwise need a lump sum of ₹86.86 L invested today.
Family security score
Under-protected
A transparent ratio of your assets (₹25.00 L) to your family's ₹1.42 Cr need. Adding the recommended cover lifts it to 100/100.
Cover recommendation
How your current cover compares with what would close the gap.
Recommended
= total need
You have now
assets & cover
Additional
cover to add
Additional cover to consider
₹1.17Cr
Opens our term insurance calculator — a planning estimate, not a quote.
What this means
Your family would need ₹1.42 Cr if your income stopped — ₹86.86 L to replace income plus ₹55.00 L for loans, education and goals. Against ₹25.00 L in assets, that leaves a gap of ₹1.17 Cr — a sensible target for additional term cover.
Key takeaways
- Total family needs: ₹1.42 Cr
- Income to replace: ₹86.86 L over 30y
- Loans, education & goals: ₹55.00 L
- Existing assets & cover: ₹25.00 L
- Protection gap: ₹1.17 Cr (score 18/100)
Protect your family with term life cover
Compare and buy a term insurance plan from Axis Max Life online. Axis Max Life Insurance, at no extra cost to you.
Your gap: about ₹1.17 Cr of term cover would keep your family whole.
Plan the rest of your money life
Turn this into a plan — size term cover, protect health, or build the corpus behind it.
This is a needs-based estimate. Total family needs = the present value of the income your family must replace (a 70% share of your income over your remaining working years, discounted at 7.0%) plus your outstanding loans, children's education and future goals — entered as today's amounts. The protection gap is that total minus the assets and cover you already hold. The family security score is a transparent ratio of assets to needs, not a rating of any policy or insurer. The replacement rate, inflation and discount are adjustable assumptions; education, loans and goals start from illustrative defaults you should replace with your own figures. Treat everything here as a planning estimate, not insurance or financial advice — confirm cover, premiums and exclusions with a licensed adviser.
How your family's needs are calculated
Need = Σ [ replaceable income ÷ (1 + d)^t ] + loans + education + goals − assets
- replaceable income
- annual income × replacement rate
- d
- discount rate ÷ 100
- t
- each future working year (1…N)
- N
- working years = retirement age − current age
- assets
- existing assets & cover you already hold
Worked example
With your inputs — ₹10.00 L income at a 70% replacement rate: your family must replace ₹7.00 L a year over 30 years, which discounted at 7.0% is worth ₹86.86 L today. Add ₹55.00 L for loans, education and goals for a total need of ₹1.42 Cr. Against your ₹25.00 L in assets, that leaves a protection gap of ₹1.17 Cr — a sensible target for additional term cover.
Human life value questions
Human life value (HLV) is the money your family would need to stay financially whole if your income stopped. A needs-based HLV adds up the present value of the income they must replace plus the big specific costs they would still face — children's education, outstanding loans and any planned goals — and compares that total against the assets and cover you already have.
A flat multiple just multiplies your salary by a round number like 10 or 15. The needs-based method is built from your actual situation: it values the income your family must replace over your working years, then adds the real liabilities and goals they would inherit. That gives a defensible total rather than a guess, and it shows you exactly which needs drive the figure.
The replacement rate is the share of your income your family would actually need to maintain their lifestyle if you were gone. It's usually below 100% because some spending — your own consumption, work-related costs — disappears. A common planning assumption is around 60–70%. Raise it for a more protective estimate; lower it if your family's running costs are modest. It's an adjustable assumption, not a fixed rule.
It's a transparent ratio: your existing assets and cover divided by your total family needs, shown out of 100. A high score means what you already hold is close to covering the full need; a low score means there's a large protection gap. It is purely arithmetic from your own inputs — it is not a rating of any insurance policy, insurer or product.
No. This is a planning estimate of how much cover would close your protection gap, not a recommendation of any product, premium or insurer. The figures ignore taxes on payouts and assume the assumptions you set hold. Treat the recommended cover as a target to discuss with a licensed adviser, who can confirm the right sum assured, premium and exclusions for your situation.
Enter today's known amounts — your current outstanding loans, and what education or a goal would cost at today's prices. The inflation section then shows how some of those costs grow over time, so you can decide whether to size up. The defaults are illustrative placeholders; replace them with your own real numbers for an estimate that fits you.
The complete guide to human life value
What human life value really measures
Human life value puts a number, in today's money, on what your family would need if your income stopped. The needs-based approach this calculator uses goes beyond a flat salary multiple: it values the income your family must replace over your working years, then adds the real, specific costs they would still face — outstanding loans, children's education and any planned goals. The result is the economic gap your dependents would have to fill.
How the calculation works
We take 70% of your ₹10.00 L income — ₹7.00 L a year your family must replace — and value it as an annuity over your 30 years of remaining work, discounting each year at 7.0%. That gives an income-replacement need of ₹86.86 L. Add ₹55.00 L for loans, education and goals and the total family need comes to ₹1.42 Cr.
What the protection gap tells you
Your protection gap is the total need minus the assets and cover you already hold — here ₹25.00 L against ₹1.42 Cr, leaving a ₹1.17 Cr gap a term plan could close. Term insurance is the cheapest way to buy a large sum assured, which is why it's the usual tool for closing a protection gap.
The family security score
The score is a transparent ratio: your existing assets and cover divided by your total family need, shown out of 100 — here 18/100. A high score means what you already hold is close to covering the full need; a low score means a large gap. It is purely arithmetic from your own inputs, not a rating of any insurance product, premium or insurer.
Why inflation matters here
Your family's running costs don't stand still. A ₹50,000 monthly expense today grows to about ₹89,542 in ten years at 6.0% inflation, and education and goal costs climb the same way. That's why a protection figure sized only to today's numbers can fall short later — review it periodically and size up if your costs are rising fast.
What this model leaves out
To stay transparent, the model uses the assumptions you set — replacement rate, inflation and discount — and treats education, loans and goals as today's amounts. It doesn't model taxes on a payout, future raises, or changing dependents over time. Raise the replacement rate or lower the discount rate for a more protective figure. Treat every number here as a planning estimate, not a guarantee or financial advice, and confirm cover, premiums and exclusions with a licensed adviser before you buy.