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Human Life Value method
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Formula & SourceTerm Insurance Calculator
HLV = Income × (1 − (1+r)^-n) / r
where r = real return (post-inflation), n = years to retirement
Source: Human Life Value method (insurance industry standard)
Frequently Asked Questions
Rule of thumb: 10-15× annual income. HLV is more accurate.
All formulas are verified against the original government notification or Act (cited in the source line below the result). Numbers update in under a second on any input change, with no rounding-of-thousands like some competitors. For tax, slabs are sourced from the current Finance Act; for small savings, rates come from the quarterly government notification.
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Yes — every calculator is verified for FY 2026-27 (post Finance Act 2025). The "Last reviewed" stamp at the bottom of every page tells you when the math was last re-checked. If you spot an out-of-date number, write to us at /contact.