Regular Withdrawal - Zurich

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Important Notice

Vista 3

  • The minimum regular withdrawal is USD1,000, HKD8,000 or GBP700 (or currency equivalent) per year. Please note that the withdrawal can only commence after completion of ICP and surrender value is available.  (Updated: 20 Sep 2018)

EIB

  • If an EIB policy takes a withdrawal with a fixed amount, there will be no limit on the requested amount. But the withdrawal amount is made subject to the policy having sufficient value and the policy value must be maintained at a 15% of initial premium.
  • The maximum allowed percentage per annum for a Regular Income Payment (RIP) for an EIB is 10% per annum and the RIP payment is deducted across each fund that the client holds.

IWA 

  • The minimum monthly withdrawal amount is HKD2,000 / USD250 for Autopay, HKD4,800 / USD600 for Cheque and Telegraphic Transfer.
  • When making a withdrawal or partial surrender, the amount left after the withdrawal must be at least HKD120,000 / USD 15,000 (plan currency equivalents) or twice the current surrender penalty*, whichever is greater. If following a partial withdrawal request the remaining plan value is less than the minimum stated amount then the plan will be fully surrendered and the surrender value (minus any outstanding charges) will be returned to the client.
  • Withdrawals and partial surrenders can be made via cheque for GBP sterling only (minimum withdrawal amount GBP400). The minimum for withdrawals and partial surrenders by telegraphic transfer is HKD4,800 (plan currency equivalents)

Checklist 

1.  For Vista: Encashment Surrender Form For Regular Premium  ([E2])

For EIB: Elite International Bond Cash Withdrawal Plan (HK00021) ([E1])

For IWA: IWA Request to Make Regular Withdrawals ([I3])

2.  CS eform

3. Certified Proof of Address (It is optional if submitted previously and it is still valid. It is also subject to Zurich’s record if it should be submitted again.) (Updated: 27 Feb 2018)

4.  Certified HKID copy (It is optional if submitted previously and it is still valid. It is also subject to Zurich’s record if it should be submitted again.) (Updated: 27 Feb 2018)

  • With signature of consultant, printed full name of consultant
  • For customers residing in Hong Kong but not holding a permanent Hong Kong Identity Card, both (1) suitably     certified true copies of the originals of the full passport and (2) Non-permanent Hong Kong Identity card bearing photograph are needed. (updated: 12 Apr 2012)

Payment Method

If the client chooses

1.   Telegraphic Transfer

TT charges will be applied and deducted from the payment by the bank.

2.   Hong Kong Autopay

Please write down the bank holder name, bank number, bank full address, branch no. and bank account number.

Please ensure the information is correct, otherwise, it will cause a delay in receiving  the payment by the client.

Zurich Customer Hotline: 3405 7150 (for general enquiries ONLY)

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