Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Life insurance policy
From the details you have given it looks like you have "Unit Linked" insurance policy. In such policies a part of the premium goes towards the "Insurance", the balance is invested into "Mutual Funds / stock Market". It is generally not advisable to have "Unit Linked" policy compared to pure "Term" policy. Generally the amount of fees charged for "Unit Linked" policy is high and hence the returns to the end user are low. i.e. if you buy a "Term" insurance for the same sum insured and invest on your own the balance in any "Mutual Fund" you will end up making more that what you are getting now. Typically these policies have 3 years lock-in period. As you have purchased this in 2008, you can cancel the policy without any penalties. This will save you future premium and you can buy a term insurance and invest the difference yourself. Note the unit linked policy is useful for people who do not invest on their own and this is a good way to be forced into saving than nothing else.