I have 3 LIC Jeevan Anand Policies and Policy 1 Premium paid for 10 years and still I need to pay another 11 years, Sum Assured for the policy is 5L. 10 years I paid LIC Jeevan Anand as a premium of 25787 PA from 2005. When I have checked with LIC I am got Bonus amount of 231500.
My Question is , if I have Surrender Policies will I get Bonus along with Principal and interest ? And is it advise to surrender the policy and go for Term Insurance and Mutual funds for investments? Pls advice