As per terms and conditions of the above policy -
Surrender (including Compulsory surrender): The Policyholder’s Fund Value. The Surrender value, however, shall be paid only after the completion of 3 policy years. So you can surrender it.
To calculate the surrender value, check current NAV and calculate using below formula -
http://www.policywala.com/showthread...and-Loan-Value
Note - Money Plus policy once surrendered cannot be reinstated.