Insurance & KYC
Human Life Value (HLV), insurance premium components, and KYC-Aadhaar-PAN identification rules.
Human Life Value (HLV)
Income replacement (PV annuity)
HLV = Annual income × (1 − Self%) × [1 − (1+r)⁻ⁿ] / r
- r — Real discount rate (decimal)
- n — Years to retirement (years)
KYC Identification Documents
| Document | Officially Valid Document? | Notes |
|---|---|---|
| Aadhaar | Yes | Most common; OVD per PMLA |
| PAN | Yes | Mandatory for financial transactions ≥ ₹50,000 |
| Passport | Yes | Useful for non-resident KYC |
| Voter ID | Yes | — |
| Driving Licence | Yes | — |
| NREGA Job Card | Yes | For low-income segments |
Related calculator
HLV / Insurance Need
Determine optimal life insurance cover using the Human Life Value method.
Get the full reference offline
All 8 references, search-indexed and cross-linked to calculators and the relevant NISM exams.
