Planning for your insurance needs can be frustrating. There are a ton of different insurance products out there, each laden with complex jargon. It’s enough to put someone off signing up for an insurance plan altogether.

Not to worry, we’ve summarised the key types of insurance you may need to consider at different life stages:

In your 20s

Getting insurance probably isn’t the first thing on your to-do list upon stepping into the working world. You may be occupied with other financial obligations – such as your education loan – or otherwise be more interested in other aspects of personal finance, such as investing. However, don’t overlook getting proper insurance coverage.

For starters, get yourself a health insurance policy:

Health insurance: While Medisave and Medishield Life may help with some of your surgery or hospitalisation costs, they’re subject to certain withdrawal limits – this means that they may not be …