Education is a medium to bring social change and transform people. Nelson Mandela Stated the importance of education in the words ‘Education is the most powerful weapon which can win any battle of life’. Education inculcates skills, qualities and a value within learner and develops character. The role of education in character and personality development, to bring out the hidden potentials and inherent qualities of child and for their holistic and all-round development is well defined today. Value education transforms individuals into well adjusted member of the society and country. Value education has been adopted as a part of school education curricula among different boards of education to inculcate the necessary qualities into children to learn together and to become happy as Delor’s report- learning the treasure within has stated. This paper deals with the need and importance of value education for leading a happy life.