Metlife Multiplier Policy (ULIP) - Some queries?

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My 66 yrs old father bought Metlife Multiplier Policy (ULIP) 03 years back whose todays' NAV is 22.3423. My query is
1. If he discontinue the premium what will be the effect on the policy?
2. If he redeem the policy how much will he get (Units:5946.31510), is there any charges after giving 03 consecutive premium at the time of redemption.

By Goutam Bandyopadhyay via email

Why your father who's age 63 years at the time of buying the policy invested in ULIP plan, which is a long term product? I would suggest take premium holiday after three years of premium payment and don't surrender the policy.