Invested $100k CPF on ILP in year2018 and the current surrender value is $70k. My agent mentioned just hold on but this short term loss is worrying to me. Any advice please?

I feel you need to know what causes the shortfall; which market or products you are investing and etc. If I am not wrong, there are high expenses during the initial years which might have contributed to the shortfall.

My advice is to listen to your broker and hold on for a while, but when you get close to the principal, you can consider transferring some of your assets to more stable investments like time deposit products, because the current market environment is actually ordinary and the future risk is relatively high. I am now investing in uSMART's US dollar deposit products with a guaranteed principal and an annualized return of around 5%, with the possibility of an excess return. It is also low risk, suitable for investors who want to preserve their value and obtain a stable income, helping to achieve financial goals and increase asset appreciation.