HDFC Classic Assurance

I have an HDFC Life Classic Assurance Plan which I bought in 2012. If I discontinue this policy, how much loss will I suffer? Please advise what should I do with this plan.
- Rajeev Yadav

HDFC Classic Assurance is a limited pay endowment plan which will pay bonuses at its own discretion. As you have completed three years with the policy, the company assures you of a minimum guaranteed surrender value of 50% of all premiums paid less first years' premium. The insurance company may also pay a higher surrender value.

This article was originally published on January 14, 2016.