In a 21 yr old female that has started on my first job, what insurance would you recommend i get?

Outside of the great responses you have gotten above, I would encourage you to ask your employer to give you some form of insurance. You are already in and so they may not now but if they are aware that you desire it they might give it to you next year. It's a way to keep good employees as well as to attract talent. End of the day it's a cost to you.

I believe pretty much the rest have given their views on the most important.

My ranking is roughly the same.

(1) Hospitalisation

(2) DI/CI depending on how you want to be insured. (in which other causes that is not covered by hospitalisation).

(3) Accident and the rest

As you are young, you do not have much dependents/needs other than to insure yourself. hence, take your time to buy.

Do not be confused with savings and investment for insurance. try to look at FACTs and Figures to make a better informed decision.

Your hospitalisation plan is arguably your number 1 most important plan.

Even for things like Critical Illness, most of your medical expenses ought to be covered by your hospital plan. Then, what do you need critical illness insurance for? Well, perhaps for loss of income if you are unable to work while being treated? But then again, there is Disability Income Insurance that could help to cover that. It covers beyond the definition of Critical Illness and potentially until you are 65. (Do your own due diligence.)

Honestly, to my thinking, I can't think of a good reason for CI insurance after I realised that treatment bills will be paid for by H&S and loss of income will be helped by DII. Perhaps a smaller coverage for CI to top-up what DII cannot cover, but otherwise, I don't see the need for high CI coverage.

And just to put it out there. You don't need life insurance unless you have dependants. In which case, ask your employer if they have group insurance you can tap on.

Hi Anon,

Just putting my thoughts which I believe many would have replied you.

1st priority would definitely be the hospitalisation plan, because healthcare is a rising cost in Singapore, you want your income to be protected in the event something happens to us. Also based on your age, I believe the premiums should be covered via medisave if you are singaporean.

2nd, I would put personal accident in this, as accidents are always unforeseen, and also this is also a very affordable policy especially for someone who just started work.

After you have these 2 affordable policies for protection, then we can look into a whole life/ term policy, where this will address death, total permanent disability & critical illness coverages. But of course it would be best to meet up and agent and see what they can present to you and you can decide to see what would suit your needs.

Do reach out if you have any questions or would like a meet up :)