Nowadays, there is a third option you can consider instead of surrendering vs keeping your endowment plan, which is to sell it/trade it to platforms such as PolicyXchange for better encashment value.
For endowment plans, we typically look at 2 options: Guaranteed Value + Non-guaranteed Projection Value. Depending on your overall asset allocation strategy as well as risk profile, you may want to keep this policy. Otherwise, do a quick calculation on your nett losses vs investment vehicles you will take to recoup this loss and see if you're comfortable with short term losses for long-term gains :)
I will suggest you to not make a rash decision. Instead, go back to your needs and understand why you got this plan in the first place. Thereafter, evaluate and determine whether and how this plan is capable of helping you reach your goals in the long run.
Additionally, spend some time to speak to your agent, and to study the insurer's participating fund. This is because you may receive non-guaranteed bonuses from the participating fund. This will in turn give you higher maturity value.
All in all, we won't be able to give you any better advice without understanding you further. Therefore you should spend quality time on your own to understand your needs again and to speak to your agent to help you make an informed decision.
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Surrender if you know this sum of money can bring you better returns else where...
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