New Jeevan Anand policy, Should I allow it to lapse

Hi, After  reading your blog i decided to stop my New Jeevan Anand and went to the agent to convey the same, however , he suggested me some facts which made me think again. Details are as follows I am 26 year old salaried Employee.I have taken LIC New Jeevan Anand Policy in financial year 2015-16 for a sum assured of Rs. 20,00,000 for a period of 35 years. Yearly premium is Rs.60,000/- paid quarterly(Exact amount 15,193 per quarter). Comparing Between LIC New Jeevan Anand and PPF. Now going by the bonus rates declared by LIC in 2016-17. I have calculated the amount on maturity on the policy. Simple revisionary Bonus -49 FAB- 2300 Maturity= 20,00,000 + 35*49*20,00,000/1,000  + 2,300* 20,00,000/1000 Maturity=20,00,000 + 34,30,000 + 46,00,000 Maturity=1,00,30,000 Further i will get a sum assured of Rs. 20,00,000 Till  age of 100 years. As far as PPF is concerned:  current rate of interest is 8.1 , earlier it was 8.7. Average 8.4 Thus Maturity for Rs. 60,800 at rate of interest of 8.4 for period of 35 years is Approximately Rs. 1,20,00,000/- Since the maturity amount is almost same in both cases. The Lic poilcy will also cover life insurance plus accidental benefit immediately .Should i still surrender/stop my policy or continue with it. Thanking you in Advance