Which insurance package should I get as a 23 years old fresh grad? What's a good % of my salary that I should set aside?

I am not a big believer of buying life insurance or ILPs. I believe in Term Insurance with adequate coverage, one should focus on investments. Do not mix protection with growing wealth. Once I have become comfortable financially, I will kill all my insurance plans (which I have already done at this point of time).

As a fresh grad, focus on the most important insurance first

(1) Hospitalisation insurance. Its cheap, and most likely the possible wealth killer if you ever got into accident or fall very sick.

(2) A Whole Life insurance with Critical illness cover (Early CI) (please check the conditions covered). possible

(3) Term insurance for the rest for the coverage gap needed. You still have time to think through until you reach 30, but please do some scenario planning. (out of job, going to married, housing, baby?). these milestone will change the coverage you need. I opted for max coverage first.

(4) Disability insurance. Something which is good to have imo unless you are earning at least $6,000.00 per month (which may make sense to insure since no job can pay you $6k easily, if you got involved in accident etc).

(5) Accident policy. Good to have to top it up in case your TPD is a result from the accident.

You need hospitalisation insurance the most. The rest needs further anaylsis before it is a want or a need.