Glossary
Human Life Value (HLV)
An estimate of the financial value of your future income to your family.
HLV estimates how much money, invested sensibly, would replace your income and clear your obligations for the years your family depends on you. It is a practical way to size term cover, alongside the common 10-to-15-times-income baseline.
Related guides
More glossary terms
DeductibleCo-payment (Co-pay)IDV (Insured Declared Value)No Claim Bonus (NCB)Claim Settlement Ratio (CSR)Incurred Claim Ratio (ICR)
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