Need help to withdraw HDFC Life insurance within first 15 days?

Well I took HDFC life insurance this week, and after reading reviews and also when I see that I pay a premium annual for 25,000 and get only 2.5L insurance cover and they say on maturity they pay only the guaranteed benefit of 2.5L after 10 years and a bonus. But the plan doesn’t say anything on the bonus part, although the bank employee duped me to believe I would get great returns. I feel betrayed now, but the relief is I have an option to cancel it within first 15 days. But they have mentioned in the plan letter that I have to write a letter and give a reason and send all the documents back to them. Can someone give me some reason / any procedure involved in writing the letter for the bank to accept it. Let me know if anyone has done it?

If i choose to withdraw ULIP policy after lockin period how many days will i get the money?

I Have a Kotak life smart advantage plan ( ULIP). it will complete 3 yrs in sept 2011. I am yet to pay the August installlment. the policy is under lapse mode. If i choose to renew it by paying the last due and then with draw immidealty after that . will i get the fund value. As i dont wish to continue this plan and need cash . Aslo let me knw how can i figure out my fund value.

How to invest in Indian Mutual Funds Online?

I am looking for an easy way to make investments in the best performing mutual funds from India.
Basically I want an online account that allows me to not only invest lumsum but gives me an ability to invest through SIPs – systematic investment plans in funds like: HDFC, KOTAK, ICICI, FIDELITY, SBI, HDFC, etc.

Can anyone let me know how can I buy/sell or purchase mutual funds units online and manage my investment solution completely online?