Risk protection has been a primary goal of humans and institutions throughout history. Protecting against risk is what insurance is all about. Insurance in India can be traced back to the Vedas. For instance, yogakshema, the name of Life Insurance Corporation of India's corporate headquarters, is derived from the Rig Veda. The term suggests that a form of "community insurance" was prevalent around 1000 BC and practiced by the Aryans. Life insurance is an important part of financial planning. However, many adults have a hard time finding affordable rates. Many times this is due to age or health. Sometimes it can also be because of the individual’s occupation. Sometimes a fatal disease puts an individual at “high risk”. Whatever the case, several individual’s find they are unable to purchase life insurance through traditional means. We assist you to choose a better life insurance plan for an individual or family.
This is determined by the concept of Human Life Value (HLV).
HLV is the monetary value of all the yet-to-be fulfilled needs of the dependents plus all the outstanding liabilities.
Human life value, commonly known as HLV, is an easy to use numeric way of arriving at an answer to the question above. An individual's HLV is typically expressed in terms of multiple of his or her annual income.