The document discusses policy options for strengthening the Malawi Social Cash Transfer Program's approach to addressing lifecycle vulnerabilities. It summarizes that: 1) While the program indirectly reaches vulnerable groups like the elderly, disabled, and female-headed households, children under 5 are not directly supported. 2) Two recent impact studies suggest the program could be more effective in addressing school retention and lifecycle vulnerabilities. 3) Policy options presented include directly targeting vulnerable categories through a categorical approach or providing additional support for children under 5 and young mothers within beneficiary households.