Here You can Check the IRR of any type of life insurance product.
Hoe to use ?
Just fill the required fields (For honest results fill the figures from the BI of the life insurance product generated from the company’s site)
1) Amount paid per YEAR
2) how many years you need to pay
3) From which year your Income (out flow from this policy) will start
4) How many years you will get the payouts
5) Once all these information is filled Click on create table
now you will see a table
6) Now fill the amount that you will recieve in the inflow box that appers in front of the Income start year Reat all payout will be auto filled, However you can change any of these specifically the last one as the maturity amount will be higher
7) Now hit the calculate IRR at the bottom of the table
8) Once the IRR is calculated click on create chart & the chart will be created
Here You can COMPARE the IRR of any two life insurance product.
How to use ?
Just fill the required fields
Fill the product-1 & product- 2 name.
As company name followed by product name (Eg. Jeevan Labh from LIC type as LIC- Jeevan labh
Fill the rest of the details as discribed above
5) Once all these information is filled Click on create table
now you will see a table
6) Now fill the amount that you will recieve in the inflow box that appers in front of the Income start year Reat all payout will be auto filled, However you can change any of these specifically the last one as the maturity amount will be higher, for both the products
7) Now hit Compare both Products at the bottom of the table
8) The IRR for both these products will be displayed under the both tables respectively anong with the final diclaration of which product is better.
Instraction (Read Carefully to understand the process of calculation)
HLV Calculation Steps (Simple Version)
Determine working years left
We assume retirement at age 60.
→ Working years = 60 – current age
Project future income
Current annual income grows each year by the Income Growth Rate (%) you enter.
Adjust for inflation
Future income is discounted back to today’s value using the Inflation Rate (%).
→ This gives the Present Value of Future Income (what all future earnings are worth in today’s money).
Add outstanding loans
Any existing loan (like home loan) is added to the present value of income.
→ This sum is the Human Life Value (HLV) – the total financial value you represent to your family.
Subtract existing insurance cover
From the HLV, we deduct any life insurance cover you already have.
→ The result is the Recommended Additional Life Cover needed to fully protect your family.
📌 Simple Formula
text
HLV = (Present Value of Future Income) + Outstanding Loans
Recommended Cover = HLV – Existing Insurance
If the recommended cover is negative (meaning you already have enough insurance), the tool shows ₹0 as the additional need.
Estimate your financial human life value & insurance gap | ₹ INR | WhatsApp report ready
Based on the 10× Annual Income Thumb Rule
Human Life Value Assessment
Plan ahead | Inflation-adjusted household spending