Which policy should I invest in?

I am 27, and planing to invest Rs. 25K – 30 K in policy’s annually . Till now I am having LIC’s ULIP policy (for 10K), which is running into its third year. But planning to stop it after few years. Apart from it, I dont have even a basic medical policy. Neither do I have any basic idea about tons of policy’s available in market !!

So dear friends, guide me in following matters:

My basic requirements are: life cover, medi claim (which includes accident cover also i suppose), post retirement benefits (planning to retire at 55+), and flexibility to surrender policy with minimal damage (will keep policy of atleast 13 years).

Friends my question is, whether to buy different policy’s to suit my requirement ( i suppose some of my requirements can be clubbed together) , or get some policy with all that in it ( i m not sure if there is 1 with all that) ??

Also, by seeing the resent up and downs in market i m not sure is it best to invest in policy which has 100% proportion in market .

Please HELP

kindly advice on my MF Investment Portfolio.?

please advice on which i have invested in MFs.Out of the follwoing which are can i hold and which are better to shift to some other or for redemtion.
1.Reliance Diversified Power Sector–Invested as Lumpsum of 25k in 2008 at nav of Rs.76
2.Reliance Natural Resources–Invested as Lumpsum of Rs.25k in 2008 at nav of Rs.10.
3.Axis Equity–Invested as Lumpsum of Rs.20k in 2009 at nav of Rs.10
4.ICICI Focussed Equity—Invested as Lumpsum of Rs.20k in 2008 at nav of Rs.13
5.Kotak Indo world Infrastructure–Invested as Lumpsum of Rs.10k in 2008.
6HDFC TOP 200—SIP-1500/month from jul2008.
7.Birla Sun Life Frontline equity—SIP–1500/-month from jul 2008.
8.icici Dynamic—SIP—1500/- month from Aug 2009.
9.Birla Sunlife Midcap Plan A–SIP—2000/- month from Nov 2009.
10.SBI Magnum Contra—SIP—Rs.1500/- month from Nov 2009.
11.SBI Blue Chip—-SIP—Rs.1000/- month from Nov 2009.

Thanks,