Term Insurance Payment Plan Change

[Abhinav Grover]

Hi, I have a term insurance with coverage of 1Cr. From Bajaj Allianz. I have chosen 10 year payment plan but I now realize that regular pay is better because if I invest that money I can get higher returns as time period will be longer.

I contacted customer care and they said my insurance can only be lapsed after 2 years with zero refund. Kindly suggest remidial action.