🛡️ Financial & Family Inputs
Rs. 50,000 / mo
Family Life Insurance Need Analysis
Total Recommended Insurance Cover (HLV)
Rs. 1,93,00,000
⚠️ Insurance Gap: Rs. 1,88,00,000 Underinsured
Living Expenses (28 working yrs):
Rs. 1,68,00,000
Rs. 1,68,00,000
Liabilities + Milestone Goals:
+Rs. 35,00,000
+Rs. 35,00,000
Less Existing Cover & Savings:
-Rs. 10,00,000
-Rs. 10,00,000
Estimated Term Plan Cost:
~Rs. 28,000 / yr (~Rs 77/day)
~Rs. 28,000 / yr (~Rs 77/day)
What is Human Life Value (HLV) and Why Does It Matter?
Human Life Value (HLV) is the definitive actuarial standard that calculates the present economic worth of the future income a breadwinner will generate for their dependents until retirement age. In Nepal, over 85% of insurance policyholders are severely underinsured, holding policies of only Rs. 2 to 5 Lakhs while their family requires Rs. 1 Crore or more.
1. Income Replacement Need
Annual living expense of the family multiplied across remaining working years, discounted for safe capital reinvestment.
2. Debt & Mortgage Clearance
Home loans, car loans, and business overdrafts that banks would otherwise recover by foreclosing on your family’s assets.
3. Milestone Education Funds
Higher education tuition and career launch funds to guarantee your children’s dreams remain fully financed.
Frequently Asked Questions: Human Life Value in Nepal
Q: How can I bridge a large HLV gap of 1 Crore or more affordably?
Use Pure Term Life Insurance. While endowment policies with high sum assured require large premiums, a 20-year Term Life policy of Rs. 1 Crore costs only ~Rs. 15,000 to 18,000 per year for a healthy 30-year-old.
Q: Should homemakers and stay-at-home parents calculate HLV?
Yes. Although stay-at-home parents do not draw a monthly paycheck, the economic cost of replacing childcare, eldercare, and home administration runs into lakhs of rupees annually.
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