Viability of Traditional insurance plans and ULIP

Hello Sreekanth, I have been following your forum for a while now and appreciate your efforts for increasing our awareness towards financial literacy. I would be grateful if you could provide an resolution to my following concern. I had purchased two traditional life insurance plans and a unit linked plan in 2005-06 and pay a total annual premium of around Rs.76000 for a total cover of around Rs.18 lakhs. I understand that the cover they provide is peanuts for the premium paid. However, considering that the plans have been in force for the last 12 yrs, will it be wise to stay invested, surrender or convert them to PUP's. Details are as follows: LIC new money back, since 10.10.05, SA 6L, premium p.a. 31,560, maturity on 22.10.30 LIC Endowment, since 10.10.05, SA 5L, premium p.a. 19,448, mat on 22.10.30 Max Life ULIP, since 9.5.06, SA 6.94L, premium p.a. 25k, can stop anytime after age 60, could stay in force till 9.5.53 Age is 35 yrs I am planning to shore up the cover by purchasing a term cover of 1cr soon. I was also considering to surrender or PUP the LIC plans and keep the ulip. Please could you suggest a solution. Thanks.