I'm 42 female, never bought insurance before. I'm relatively healthy, don't smoke but drinks occasionally. Any recommendations for plans? Particularly looking at critical illness but open to anything.

I think hospitalisation plan is a must must with private hospital coverage please. Personally I don't buy rider cuz I find it really too expensive

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critical Illness should also buy and now especially must find those that cover for the early CI one, that's super important

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personal accident I don't buy unless I think your job is quite dangerous kind.

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then maybe life/term insurance depends on your stage of life whether you have children or mortgage as well

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all settled then don't know what to do then think about investment haha

Hi, i would say that medical insurance is really important. the basic one would be hospitalisation insurance. this is so to ensure that you have sufficient amount to tide over if something happens... regarding what to purchase, you can take a look here and see which kind of hospitalisation insurance policy suits you. you can seek advice by getting a free quote to get unbiased help

Hi QQ,

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At a minimum, you'll want to be covered for the following events.

1. Critical Illness coverage. The income you are earning is heavily dependent on you being in good health in order to work. In the event that you are unable to work for a period of time due to a covered critical illness, this provides a sum of money for you to cover your loss of income, support ongoing living expenses and other out of pocket costs. Its usually recommended to cover at least 4x of your income. This can be done via a limited payment life plan, or a term plan, or a multipay plan, depending on your budget/needs/preferences.
2. TPD coverage. Although it's rare, if you permanently lose the ability to earn income from work due to an accident or an illness, TPD coverage will payout a lump sum to ensure that you/your family have the resources to continue to support your lifestyle. TPD has evolved a lot over the years, and while we traditionally think of TPD as an event where you lose the use of any two limbs/eyes, it now covers permanent loss of income from being unable to work. So I've also personally changed my opinion on TPD coverage to view it as something that's important. Even if one has no dependents, you can still end up becoming a dependent should something happen to you, and in such an event, you will need resources. A term plan would likely be the most cost-effective solution. The recommended amount of coverage is 9x - 10x of your annual income.
3. Hospitalization plan. This covers the bulk of 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. Depending on your budget, you can take a private hospital plan and downgrade later, or just go for Goverment A ward. Be aware of escalating premiums as you age. Some people prepare a medical sinking fund in order to ensure that they have a better possibility of maintaining their preferred coverage in retirement

Given that we don't know your exact circumstances, it's hard to place an exact number on the coverage you need or the premiums. However, as a guideline, it should not cost more than 10% of your income to get yourself properly insured.

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As you are relatively healthy then it should not be difficult to get yourself insured. Please do so before going for any planned health check ups. Drinking will not have an impact on your underwriting as long as you are doing it occasionally (e.g. 1 - 2 drinks a week).

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Hope this helps.

Hospitalisation and Critical Illness is a must.