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Which policy should I surrender and which one should I make paid up?

Hello

I am 21 years old and run a web design business. My financial knowledge is pretty weak. Since last weeks I am reading Jago Investor and few other blogs and have been trying to get a hang of some basic concepts.

Recently I got to know from my father about the LIC policies which he enrolled for for me and himself. On reading Manish’s article, I got to know how useless LIC policies are and don’t fetch a return of more than 5 percent per annum (i.e. below the inflation level) and how that money can be effectively invested in other avenues such as PPF, Recurring Deposit etc

Unfortunately my father was misguided by one of his so called friend, a LIC agent which he mistakenly assumed as his financial advisor and enrolled for numerous policies for me and himself.

Here are the details of the 10 LIC policies he signed up for – http://prntscr.com/2olt8x (click on screenshot).

I need advice from JagoInvestor community as to which particular policies should I surrender and which ones should I make them paid up.  Note – My father doesn’t have a term insurance plan so please suggest accordingly (he is 51 years old).

Thanks a lot!

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