Hi Anonymous, thanks for asking the question., And well done for paying down your student debt. I have high respect for people who pay for their own education fees. With regard to your question, many of the participants here have jumped in to give you their answers. I will say that I generally agree with them. So just to summarize it for you and to share my thoughts on this: 1. The first policy you MUST buy is a hospitalization plan. All of us are current covered with MediShield Life. MediShield Life is meant for big bills incurred in public hospital’s B2/C ward. It has an annual claim limit of $100K and also not every expenses incurred is fully claimable. There is also no claim for pre and post hospitalization charges. You also cannot buy riders to lower the payable amount due to deductible and co-payments. In short, the claim amount is much lower than an IP plan. If you can accept that, there is no need to upgrade to an IP. 2. If you want to have the option to pay for alternative treatment in the event you suffer a dread dread disease that cannot be paid by hospitalization plans, consider buying a critical illness plan. A coverage of $50K-$100K should suffice. 3. If you have no dependents, the above should suffice. There is no need to really buy other insurance. However, if you have dependents that will suffer financially upon your unfortunate demise, you can consider buying the MHA/Mindef Group Term Plan. It is probably the cheapest insurance in Singapore. The above 3 plans should suffice for now. Treat insurance as an expense. Buy as much as you need but pay as little as you can,.