I have similar question, I have Indian ICICI Prudential Pension fund since 2004 and paid term insurance premium for 5 years and now its maturing and its value is 5 times I have option to surrender in maturity or postpone it by few years or convert to annuity.
if I surrrender do I pay US taxes on difference and do I need to fill form 8621 PFIC for passive foreign funds or other income tax is sufficient
thanks in advance, appreciate your inputs as I need to inform the pension fund
fyi @RobertB4444 @Vanessa A @postbox_shashank
