Param Raksha Life Maxima+

What this product is

A whole-life-style ULIP pairing high life cover (to age 99-100) with market-linked investing and a wellness-linked premium discount program, aimed at younger buyers wanting decades of combined protection and growth.

You might need this if…

• You're early-to-mid career (entry age capped at 45) and want a single policy that covers you to around age 100 while also building an investment corpus.
• You want your everyday health habits to actually lower your cost — the Tata AIA Vitality Wellness Program offers up to a 10% discount tied to wellness activity.
• You want accident cover bundled in — up to ₹2 crore for accidental death/disability, on top of the base life cover.
• You want your wellness-program premiums (not just the base premium) returned to you at maturity rather than treated as a sunk cost.

How it actually works

• Entry age 18-45; policy term 30-40 years; life cover can extend to age 100, accident benefits to 85.
• Premium payment options: limited pay over 5, 10, or 12 years, or regular pay over the full 30/40-year term; minimum annual premium is about ₹20,000 for the 5-year pay term, ₹15,000 for other terms.
• Life cover sum assured ranges from ₹50 lakh to ₹5 crore; accident (ADB/ATPD) cover goes up to ₹2 crore, with a 2x multiplier if the accident happens on public transport.
• On death, the nominee receives a lump-sum payout; on maturity, you get the market-linked fund value plus a return of all Vitality Protect Advance premiums paid during the term.
• Wellness-linked pricing gives up to a 10% discount on the first year's premium, plus ongoing reward potential for staying active/healthy.
• Tax benefits apply under Sections 80C (premiums) and 10(10D) (maturity/death proceeds), per prevailing income tax law.

The tiers

Limited-pay term	Minimum annual premium
5 years	₹20,000
10 or 12 years / regular pay	₹15,000

Worth knowing before you decide

• Entry age is capped at 45 — this plan is positioned for younger buyers, not near-retirement purchasers.
• Wellness discounts require ongoing engagement with the Vitality program; check what happens to pricing/benefits if you don't hit activity targets.
• 5-year ULIP lock-in applies; fund returns are market-linked and not guaranteed.
• The direct brochure PDF for this exact plan wasn't retrievable during this research; details are cross-checked against the insurer's product page and a licensed ULIP review aggregator.

Official source

Not available in the current product data — this insurer has not published a standalone brochure PDF for this plan; the notes above are drawn from their official product page instead.

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