Dear Manish,

I have took LIC Endowment Policy in the year March-1997 for Rs. 1 Lac. I am paying Rs. 3750 yearly premium and 25 years term. In the year October-2009, Due to some personal problem I have taken loan of Rs. 45,000.00 from the the above said policy and paying yearly interest of Rs. 4050.00 along with yearly premium. Already I have paid premium of 16 years and balance 9 years premiums to be paid.

Now I am planning to surrender the policy. Should I surrender this policy or I should continue till maturity ??

Kindly Advice.

— Pradeep