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Am I overinvesting in LIC Pension Plan (Jeevan Anand) ?

I have taken LIC’s Jeevan Anand on 2011-Nov (when I turned 40). I need to pay 3 lakhs per annum till I am 55 and I will be getting 50 K pension every month from 56 till 75 yrs. There is also life cover of 90 lakhs which will be given to my nominee irrespective my pension received.

I heard lot of people saying I am investing too much every year and suggesting other plans. I really wanted a best advice on pension planning.

Thanks

Sreeni

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