Dear Sir,

I have paid 7 premium (Rs.50,000 each year) so far on regular basis (Total Rs.3,50,000). The Fund Value of this Policy is about Rs.3,40,000/- currently and the Surrender Value of this Policy is Rs. 2,68,500. The surrender charges are very much high, 68% approx. even after completion of 7 years. I am losing about 1 lac rupees now if I surrender it. I am thinking to Surrender the Policy as I don’t see any benefit or returns even after 7 years and the Insurance Coverage is also very less which is Rs. 5,00,00/-only. So need your help in this case. I was also informed that after 30 years only the Surrender charges would be 0% which is simply not acceptable. I am not sure how much I would be getting after 30 years if I continue for 30 years, as this is ULIP and linked to Market and there is no assurance. So need your help and guidance to understand what can be done here.