Concept of Human Life Value (HLV). It is basically about Insurance
To calculate HLV, you have to divide your annual income by the 1 year FD rates. For example, if your annual income is 10 lakhs, and the FD rate is 7% then HLV = 10 lakhs/7% = 1.4285 crores. It means that your annual insurance coverage should be nothing less than 1.42 crores. In layman’s…