Human Life Value
We at “Beacon Insurance Brokers Private Limited” feel glad to share the Human Life Value Tool with you all.
Know Your Human Life Value (HLV)
Your Adequate Life Insurance Cover:
₹0
Introduction
Human Life Value (HLV) tool is to be used to derive adequate sum insured depending on insured person’s age and his/her annualised gross income.
Let us understand the concept of HLV – Human Life Value and its major role in identifying the correct/adequate amount of sum insured required for a person.
What is HLV?
- Human Life Value (HLV) or Ideal Life Cover is a number that tells the present value of future income expenses, liabilities and investments.
- The HLV number is taken usually to understand how much money would be required to secure the lives of your dependents with term insurance, in case you are no longer around.
