I am 43 year old now , I work in Govt sector , I purchased BSLI DREAM PLAN in Dec 2009 , I have to pay a premium of Rs 11,770 /- every year ( I have paid 4 times till date , i.e. 47080 ).

The Birla web portal says My sum assured value is Rs 40575 / –  and enhanced sum assured value is Rs 24,60,000 /- , further it shows that my net fund value is Rs 16,147 /-

I am told that in the case of mis happening ( death ) , the nominee will recieve = the Sum Assured + the Fund Value + Enhanced Sum Assured   .     ( Is it true or false , I want to confirm )

further , I was comparing it with , newly available term plans , from Religare or Bharti AXA and HDFC 

I could see that I can get total insurance of 50 lakh by paying 10,000 to 14000  per year approx .

should I switch , by making my BSLI dream policy paid up or from exiting it and take a new TERM PLAN of 50 lakhs . I am confused , some rational advice is needed  

I invest in mutual funds through SIP and invest in stock market also 

Vikas Pandey