5 years ago I bought a HDFC Life ULPP II. At that time I was told that I can stop paying premiums after 5 years (annual premium is 5 years). There turned out to be a lot of hidden costs (including monthly charges for “fund management”). I wish to get rid of this now, and surrender the policy. My question is is this a good move or should I just decrease the annual premium to a much lesser amount? I need some ready cash to tide over some immediate needs and I’m thinking of this.

In general also, is this a good investment to have or should I drop it as soon as possible?