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Meridian Financial Tools

Know exactly how much life cover you need.

Estimate your ideal term insurance cover using the Human Life Value or Need Based method.

Also plan your retirement corpus Explore all Meridian tools
Tap the box above to switch between Need Based and Human Life Value (HLV).

Family income replacement

Sums your family's actual money needs. Best when income is variable or you want a goal led plan.

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%
%
yrs

Outstanding liabilities

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₹

Future goals

Enter these at future value, already inflated.

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₹
₹

Existing resources

₹
₹

Indicative figures based on standard actuarial assumptions. Actual premiums, underwriting, and payouts depend on the insurer. Please confirm details with a licensed advisor before buying a policy.

Additional life cover needed
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—

Need Based calculation

PV of family expenses—
+ Outstanding liabilities—
+ Future goals—
Total financial need—
− Savings & existing cover—

Which method should I use?

Need Based sums your family's actual money needs (liabilities, expenses, goals). Best when income is variable or you want a goal led plan.
HLV values your future income stream. Best for salaried earners with stable income growth.
A common practice is to compute both and take the higher of the two as your target cover.