Inputs

Switch mode to calculate HLV in different ways. Values are present value (PV) based.

Mode
Current Age / Retirement Age (years)
Discounting Rate (% p.a.)
Annual Income (₹)
Personal Expenses (₹)
Annual Increment (% p.a.)
Disclaimer: Illustration only. Insurance and market-linked investments are subject to risk. Taxes/charges not included.

Results

Needs (PV)

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Assets

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HLV Required

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Needs Assets HLV

Overview Chart

Bar chart shows Needs, Assets and HLV Required.

How to use this calculator

Choose a method based on how you want to estimate the right life cover. Income Replacement is simpler; Need Analysis is more comprehensive.

Income Replacement
Estimates the present value of income support your family would need until retirement, after removing personal expenses.
Best for: a quick, conservative estimate for primary earners.
Why each input matters
  • Current Age — sets remaining earning years to support your family.
  • Retirement Age — defines when active income stops for replacement.
  • Annual Income — measures the income your family depends on each year.
  • Personal Expenses — excluded since these typically stop with you.
  • Annual Increment — models realistic income growth over time (illustrative).
  • Discounting Rate — reflects how the payout can be invested to meet needs.
Why each output matters
  • Needs (PV) — capital required today to replace future income support.
  • Assets — kept as ₹0 here to focus purely on income replacement.
  • HLV Required — indicative cover required to maintain family continuity.
Need Analysis
Estimates total family needs (present value) and subtracts savings and existing insurance to find the protection gap.
Best for: families with dependents and existing assets who want a more realistic gap estimate.
Why each input matters
  • Annual Expenses — captures ongoing household commitments to protect.
  • Retirement Expenses — ensures support continues even after earning years.
  • Current Age — defines the years your family needs pre-retirement support.
  • Retirement Age — separates working-life needs from retirement support.
  • Discount Rate — converts future obligations to today’s value (PV).
  • Investments (Assets) — reduces required cover as savings already provide support.
  • Existing Insurance Cover — avoids over-insuring by counting protection already in place.
Note: Retirement need is modeled as a simplified level expense stream for illustration.
Why each output matters
  • Needs (PV) — total present value of responsibilities your family may face.
  • Assets — financial support already available through savings and insurance.
  • HLV Required — the protection gap to bridge with additional cover.
Disclaimer: This is an illustrative estimate based on simplified assumptions and may not reflect your exact situation. Please consult a qualified advisor before making decisions.
Disclaimer: This report has been prepared on the basis of data available to us and we have taken all precautions so that there are no errors and lapses. However, we do not assume any liability for actions taken on the basis of this report. The user is advised to verify the contents of the report independently. Returns above 1 year are annualised. Past performance may or may not be sustained in future. Please consult a SEBI-registered investment advisor before making financial decisions.