Since last 4 years, I am paying annual premium of Rs. 23,722 in BSLI Dream Endowment Plan for 30 years. This premium is a sum total of 2 premiums, Rs. 16,038 for ?BSLI Dream Endowment Plan? with sum assured of Rs. 6 lakhs and Rs. 7,684 for ?enhanced sum assured? with sum assured of Rs. 34 lakhs. Should I continue with this policy?
Surrender the policy and invest in a new policy. An endowment policy cannot cover for your insurance as well as investment needs. For insurance choose pure term insurance plan and for investments, choose PPF, MFs, FD, etc.