LIC Policies Advise needed

I have following LIC Policies and planning to withdraw them and start SIPS and a term-plan in place of it , is it worth to continue all of them or need to surrender Please advice

1, The Endowment Assurance Policy( T14) Policy Term 21, Commencement : 14 Feb-2006 Premium 2443 ( half Yearly)

2, Jeevan Anand( T 149) Commencement 17 -June-2009 Policy Term 72 Premium 1863 ( quarterly)

3, Market Plus 1(T 191) Commencement 29 -June-2010 Policy Term 20
Premium 1250 ( quarterly)

4,New Bhima Gold (T 179) Commencement 28 -June-2010 Policy Term 12
Premium 843 ( quarterly)

5,New Bhima Gold (T 179) Commencement 28 -June-2010 Policy Term 12
Premium 559 ( quarterly)

6,New Bhima Gold (T 179) Commencement 28 -June-2010 Policy Term 12
Premium 741 ( quarterly)

I am never in the favor of surrendering the LIC policies. But that's your call. Also note - the surrender value will be very less compared to the premium you have already paid.

- Did you check, how much you going to pay for term insurance now at your age?

You can check surrender value online on LIC website (http://www.policywala.com/how-to-che...bility-online/).

Policy can't be surrendered before 3 years, you will get nothing.

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Originally Posted by bridgenetins

Policy can't be surrendered before 3 years, you will get nothing.

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Why ?
I've never heard that !

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Originally Posted by Matrix

You can check surrender value online on LIC website .

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Thanks !
Do you know another website ?

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Originally Posted by Nayros

Why ?
I've never heard that !

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You con google about it, you will found so many websites who provide the insurance policy advises.
Thanks.

Policy can't be surrendered before 3 years, you will get nothing.

SIP is the best investment choice for you if you do not possess higher financial knowledge about investments.

Invest in a mutual fund it is a good idea but I think you shouldn't surrender your LIC policy. If you want to invest in mutual fund you can simply start monthly SIP.