Recommended term-insurance sum assured via the Human Life Value method: the present value of future net income the family would lose, plus liabilities, less existing cover and assets.
Sign in to save scenarios, view your history, and share results in chat.
Fill in the fields above and select Calculate for an instant estimate.
Computed in your browser from the same formulas the full app uses — it is not saved and does not factor in every detail (taxes, exact compounding dates, fees) the way a saved scenario does. Sign in to save, share, or view history →
The calculator applies the standard formula for this calculation to the values you enter and returns the result instantly.
Recommended term-insurance sum assured via the Human Life Value method: the present value of future net income the family would lose, plus liabilities, less existing cover and assets.
You will need: Current Age, Retirement Age, Annual Income, Annual Self-Expenses (excluded), Existing Liabilities (loans), Existing Life Cover, Existing Liquid Assets, Expected Income Growth (% p.a.), Discount Rate (% p.a.).
It shows Years to Retirement, Present Value of Future Net Income, Recommended Sum Assured, Disclaimer, computed instantly from the values you enter.
Yes, this calculator is free to use. Sign in to save your scenarios, view your calculation history, or share results directly in a Goonjar chat.
Ready for the full term cover need — human life value with a detailed schedule, saved scenarios, and history?
Open Term Cover Need — Human Life Value