Surrender a policy or not?

Your QuestionsCategory: InvestmentsSurrender a policy or not?
Anonymous asked 8 years ago

I bought SBI Shubh Nivesh Policy for a term of 15 years with whole life endowment option for a premium of Rs.1 lakh per annum for 15 years. I realised now that this was a bad investment decision. However, it is already over a month that I have bought this policy (policy date 30th March 15). Could you kindly suggest what is the best option now for me with minimum losses? 1 lakh is a lot and I would not want to give it away by not continuing the plan. Any way I can get the full/max money back?