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Is continuing with Pension Plan benefitial/wise decision in the long run ?

Hi

I have taken a Pension Plan – Swarna Vishranti of Bajaj Allianz with following details: –

Sum Assured: 770000
Premium Amount: 30000 / Annum
Duration (Yrs): 20 yrs
End Date : 23/03/2028

As per company following will be minimum proposed amount i will get: ->
770000  :  Sum Assured
500000  :  Bonus
33%ofTerminal Bonus

3850  :  some extra declared by company

1273850:    Total Amount at time of maturity; A figure company tells

Please let me know, whether i should continue with this Pension
Plan or start investing the same amount in SIP. But if i surrender
this policy, i will get only 1/4th of Premium amount i have paid till now minus the
First Premium.

You help will be highly appreciable as iam confused right now.

Thanks

Rajiv

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