Know your ‘human life value’

Know your ‘human life value’

Do you know your human life value (HLV)? If not, consider this. It is calculated by dividing your annual income by the current fixed deposit (FD) rates and multiplying the result by 100. So, if your annual income is Rs10 lakh and the current FD rate is 9%, your human value works out to Rs1.1 crore. Knowing your human value can help you take out the right amount of insurance cover. Staff writer

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