I have a Zurich insurance Vista child education plan. I wish to redeem the same approx USD 100000. I have been investing in this plan for more than 15 years. I am a NRI residing in UAE. How much income tax do I have to pay. Where can I transfer this redeem amount (NRI/ NRE OR ordinary account).
Need to check the Policy for its maturity taxability. If it is traditional plan then there is no tax. After paying tax you can transfer the amount to NRI Account.
Hello Sir, Is the amount invested in India or in some other country. Where will you receive the maturity benefits ? In an Indian Bank Account or abroad ? Please provide the above information in order to help us provide you with proper information. Feel free to call / get back in case of further clarifications. Thanking You. Regards, Rohit R Sharma BCOM, ACA, LLB-GEN, CERT. FAFP.