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Surrender of Jeevan Saral purchased in July 2010 having premium 12000 per annum

Dear Sir

I have taken Jeevan Saral Policy from Bharatpur, Rajasthan in July 2010 with half yearly payment of 6065 in Jan and July (12000+ 120 ar) and Now I am not finding any benefit in continuing it .  I will be very grateful to you if you please suggest me to whether continue the policy or not as I have already a term plan of Aviva of worth 50 lakh and PPF. I am a Punjab Govt employee and have Rs 5 Lakh insurance by Group Insurance.

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