LIC Policy : Surrender or Paid up?

Hello Sreekanth, It’s been a long time I have been following your blog. A “Thank you” is a very small token for the great service you are doing here.. nevertheless I offer my gratitude towards all your efforts in the process! I have a situation where I need your expertise. I have taken LIC policy (Jeevan Anand, Plan no 149) for my wife in Aug-2011 & paid 5 premiums (Yearly Rs. 20250) till now. She used to work in IT at that time & since from last 3 years she is house-wife. I want to get rid of this Policy now & in the process I have few queries, 1. Should I surrender the policy of Paid up? Recommendations please. 2. If surrender is the way to go, how much amount I am entitled to receive(including Bonus)? 3. Should I continue Policy to get benefit of higher Bonus amount increasing over the period of time? 4. Anyway, I am willing to reinvest the same amount in some other instrument if I happen to surrender it, so is it ok to go ahead for policy surrender? Let me know if you need any other info. Anticipating Thanks for your kind reply. Thanks & Regards, Girish B.