Bajaj allianz Fortune Plus size one renew or not?

In 2008 on request of my one friend i take this policy for tax saving F and saving purposes. the premeium amount is 15000/- and frequency is yearly . my last premium was due on 26 sep 2010 but can’t submit due to personal problems . now i want to renew the policy is it possible i can renew the policy? is it good for me ? I am 35 year old ? is this policy give me mediclam cover also.

fortune Plus Size one?; the policy premium term is of 20 years.

Your policy is in ?Lapse? status and the premium due date is on 26-SEP-2010, your policy had 30 days of grace period.

Regarding SBI UNIT PLUS II?

I invested 99000 in SBI UNIT PLUS II (49000+50000) in 2008. The Policy term is 5 years. So far I have paid 49000*4 and 50000*3. 50000 payment is due for this year. Now my agent says it is not profitable any more. Do I discontinue paying the premium? If yes, do I need to keep it alive till the end of PPT? Or if I surrender, what would be the loss?