BirlaSunLife Saral Jeevan is a ULIP plan and as you must be knowing that there are lots of charges attached with ULIPs, which are deducted from the premium -
1- Premium Allocation Charge - NIL
2- Fund management Charge - 1.5% per annum
3- Policy Administration Charge - Rs.25 per month
4- Mortality Charge - very as per age of proposer (check here)

You have not mentioned which fund you have opted for investment?
4th year onward there is no surrender charge on this plan so after paying June'2012 premium, there will not be any surrender charges.