If you surrender it now, you will book a loss of Rs. 1, 00,000. In another option, if you pay the 3rd premium and then surrender, your total premium paid will be Rs. 1, 50,000. In this case, you will get Rs. 30,000 (30% of 2nd and 3rd premium) on surrendering your policy and your total loss will be Rs. 1, 20,000. Now, you can decide.