I have a LIC Jeevan Shree-I policy (Table – 162) which I took [was forced to take 🙁 ] in the year 2005. The premium of the policy is Rs. 25300/- per year. Premium paying term is 16 years and policy term is 25 years. When I took this policy I did not know any thing about financial planning. Now, when I calculate the maturity returns, they are not attractive. If I want to surrender the policy, i think i will not get more than Rs.30-35k. (Out of Rs.126500, I paid as premium). What should I do now. Should I continue with this policy or surrender it. Any suggestions please?
Regards,
Arudra.