Surrender LIC Moneyback Policy?

I have an LIC Moneyback Policy (20 years) and I had been paying premium of Rs. 13'334/- per annum for sum insured of Rs. 2'00'000/-. I came to know that as per new Direct Tax Code w.e.f. April 2012, any life insurance policy having sum insured less than 20 times of the annual premium paid shall not be eligible for tax benefits, and the survival benefits shall also be elegible for income tax deduction. Can anyone suggest whether it is wise to surrender this kind of policy as it would be of no use in terms of tax saving benefits now?