Low yielding insurance plans:
Endowment & money back plans offer very low returns. Policyholder get taken by the projected maturity value without realising that inflation would have eroded its purchasing power.
Surrendering an endowment policy leads to losses, but you save on the premium.
Convert to Paid-Up:
If you have paid premium for 3 yrs, the policy can be turned into a paid-up plan. Premium will stop but the cover continues & you get money on maturity.
If policy is ending in less than 5 yrs, it is better to continue paying premium.