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Should I discontinue my Jeevan Tarang policy and let it lapse ?

Last year one of my Lic policy matured and I decided to put the maturity amount in another policy. So I decided to take a 10 lakh, 10 year  jeevan Tarang policy with 70k as annual premium. I now think it may have made a mistake and am thinking of discontinuing it And cut my losses.

Is it the right decision. Grateful for your advise.

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