This plan is designed to provide you a post retirement income for life- choose your single premium and after 10 years you will receive the vesting benefit, which will be used to provide you with the annuity in your golden years. On Vesting you will receive greater of Fund Value or Guaranteed Vesting value. See product brochure for details on Guarantee Vesting value. On your chosen retirement (Vesting) date, you will get the vesting benefit. As per prevailing Government regulations: You can take up to 1/3rd of the total Vesting benefit as a tax-free cash lump sum. The rest must be converted to annuity. You can buy the annuity from us or any other insurer. Tax benefits under sections 80CCC of the Income Tax Act, 1961 subject to the provisions contained therein.. Posted id-hdfc621