Hi

I need advise on below issue.

My uncle bought the SBI ULIP insurance on 31-MAR-2007 for annual premium of Rs30000. He discontinued the product after two years. Currently its fund value is around 50,000.

Can he surrender this policy or wait till he get the capital amount back?

Product: UNIT PLUS II regular
Commencement date: 31-MAR-2007
Fund value: 50000
Total invested amount: 60000
NAV: Rs. 20 (as of today)
Every month deduction: around 3-4units

Please advise.