Need help in deciding on two insurance policies

[samkapoor77]

I have two insurance policies on which I need to decide. Max whole life policy for 9 years, annual premium of Rs. 11,000, sum assured approximately Rs. 4,15,000, paid up sum assured of Rs. 1, 00,000, current surrender value is Rs. 55,000. 4 years old LIC Jeevan Anand policy with annual premium of Rs. 45,000, SA Rs. 7 lakhs, surrender value is Rs. 1 lakh. If I stop premium, I will get Rs. 2, 15,000 after 14 years.

[samkapoor77]

Individually calculate the rate of return on both the policies. If you find it less than FD rate, then surrender otherwise continue.

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