Money plus Units to be sold or to retain?

I have purchased LIC's money plus policy 3 years back and invested 90000 (30 K per year) till now. It's NAV was 10 while opening and 11.3 at present. Now i have crossed the locking period of 3 years i can sell the units and even i can close it off selling all of the units. If i do so i will losing around 4 to 5 thousands.

Please advocate me whether to sell this off or to keep investing on this still.

Regards,
Sri

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Answer:
You need to judge how much the units might increase over the life of the policy, how the risk and reward compares with your other options (like stocks, bonds and savings accounts) and how much it will cost to purchase life insurance separately. There is no need to worry any longer about money lost up to now (that is known as 'sunk cost' and is hard to forget about, but that’s only way to make a fair comparison of your future options). Just think of the value of the policy if you cash it in now, and in the future. An independent financial adviser can help you do the calculations (but bear in mind that an adviser can make commission if you cash in and invest through them.)

I bought 2 or 3 small unit-linked and with-profits insurance policies a few years ago, (not in India) and I am still paying into them, but I wish I hadn't started them.

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Answer:
You can wait and see when you reach a break even point or sell when gaining. If you really feel no use, then sell @ 4k loss.