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It is difficult to place monetary value on a human being’s life; however, you must calculate it to assess the financial loss that your family would incur in case you were to pass away today.


Human life value is an assessment of the financial value of your life. In insurance parlance, this value is used to determine the amount of insurance that you should buy to protect and maintain the lifestyle of your surviving dependents. Simply put the sum insured must equal the human life value.



Factors considered while deriving HLV:


The human life value (HLV) concept takes into account four factors to determine how much life cover will be needed to protect your family and assets.

  • Annual Income
  • Annual Expenses
  • Years left until your retirement,
  • Expected value of the current rupee at the end of this period factoring for inflation.

The most common way to determine HLV is to estimate your income each year until you expected retirement, say 65 years. You should then discount this income stream for inflation and express it in current terms. To simplify the estimation process assume that your income will increase in line with inflation. Then human life value will be your current income multiplied by the number of years until you turn 65. So, for a 50-year-old the human life value will be 15 times the current income.


At ANAR Insurance, we have expertise in calculating the Human Life Value. We study your needs & accordingly suggest a financial plan.



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Advantage of Anar Insurance

Anar Insurance encourages savings in the form of investments.Premium given for life insurance acts as savings for future.It helps in collecting and securing funds for security and safety for future needs.


Providing security

Financial security is utmost important for survival in today’s world.Safeguarding family’s finances thru different kinds of insurance can be beneficial and act like a security for future.

Spreading Risk

The pooling of risk can be done from one or more sources. Hence spreading/dividing the burden from a single source.The risk could be single or multiple types.

Promotes business activities

Insurance activity builds and shapes different kind of opportunities as multiple service providing companies are linked once the insurance is matured.

Provides employment opportunities

Insurance is a progressive industry and with introduction and development of new policies in helps in creating new job opportunities which requires special skill sets.

Maintains economic stability

It converts accumulated capital to productive investments.It also helps in financial stability and promotes trade and commerce for economic development and growth.

Assures financial compensation

A financial compensation is provided in many types of insurance. If we take an example of Life Insurance, we realize that once the term has ended or due to the demise of the insured, the compensation is given to the family.

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Why Anar Insurance ?

Anar Insurance works towards simplifying and speeding up the process of buying insurance and financial services from varied available options by combining complete, impartial online information with the offline help of experienced insurance professionals.

  • Providing security.
  • Spreading Risk.
  • Encourage savings.
  • Source of Collecting funds.
  • Provides employment opportunities.
  • Maintains economic stability.
  • Promotes business activities.
  • Assures financial compensation.
  • Reduces financial losses.
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