Insurance should always be the first "investment" in any investment plan, because any major medical expenses could easily wipe out years of hard-earned savings and investment gains. However, insurance is usually not discussed as much as investments because it is a boring and taboo subject. A common thinking among investors is to try to grow one's wealth through investment quickly enough so that one does not need insurance. However, how many of us could ensure that we could grow wealthy before we grow old? A well thought through insurance plan would go towards ensuring that we are well covered during the period when we're still growing our wealth and are most vulnerable to any major expenses. However, sometimes, even the best laid plans can go awry when one is not in the best of health. I have a private "as-charged" Medishield plan (Plan B) that covers me for hospitalisation in ...