Hi Zhiming, Congrats on graduating and stepping into the work force! For a young graduate like youtself, in order of importance, here is what you should be looking at: 1. Hospitalization plan. This covers any hospital bills and associated pre/post hospitalization costs. This would be from an integrated shield plan, with a rider to take care of the deductible/co-insurance and limit your out of pocket expenses. Depending on your budget, you can take a private hospital plan and downgrade later, or just go for Goverment A ward. 2. Critical Illness coverage. This provides a lump sum of money for you to cover your expenses and other out of pocket costs should you fall critically ill and are not able to work. Usually recommended to cover at least 5 years of expenses and an additional sum to cover out of pocket. This is usually via a limited payment life plan, or a term plan, depending on your budget/needs. Nowadays there are multi-pay plans as well, but take note that their total cost can be highif your coverage duration is very long 3. Death/TPD coverage. This provides a lump sum of money should something happen to you and you pass on or are permanently incapacitated and unable to work. Not mandatory if you have no dependents or liabilities, although one can argue that you may wish to protect future income via TPD. Usually takes the form of a term plan. For the coverage amount, you could use a multiple such as 10 x of your current income, or calculate based on your current liabilities. 4. Personal Accident. For the minor stuff like TCM claims, etc. Generally, you should not have to spend more than 10% of your income on coverage. You can work with an independent financial advisor who can provide multiple options and explain in detail what you will need to know about the types of insurance as well as the options from various insurers before you come to a decision, especially with respect to cost effectiveness as well as the minor differences between the plans. This helps you to narrow down your options from the numerous products out there. Some types of coverage (e.g. death/TPD) are more straightforward than others (multipay CI plans can be very complex in nature) so you will want to know the final details before making a decision. You will want to be comfortable to share your fiinancial details with your advisor as that will be important for the advisor to consider your current situation before suggesting suitable solutions.