The following options are available on vesting of policy: To commute up to 60% of the fund value and to utilize the balance amount to purchase an immediate annuity or Deferred Annuity from Max Life, at the then prevailing annuity rates of the Company, or from another insurer (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by IRDAI time-to-time) or To extend the accumulation period or deferment period within the same policy with the same terms & conditions as the original policy subject to the age of the Life Insured being less than 60 years (last birthday) or To utilize the entire proceeds to purchase an immediate annuity or deferred annuity from the company at the then prevailing annuity rate or from other insurers (to the extent of 50% of the entire proceeds of the policy net of commutation as stipulated by IRDAI time-to-time) The above options are applicable for both Regular Pay & Single Pay variants.