> I'm a uni student, graduating in 1.5 years time.
> am expecting to draw Rm 3k-3.5k per month once I start working.

3-3.5k is on the ambitious side, but still possible depending on your grades. And how well you come across in interviews.

> I will be taking over a critical illness & hospitalisation insurance policy

Take up whatever insurance you need - just make sure it's only insurance you need and not some other investment-linked insurance nonsense you don't really need.

> While I am working, I hope to save up for the following :
> - to start a business in 15 years time.
> - for retirement.
> - emergency fund.
> - future children's education.

Holy cow! You have your future all mapped out! Got a husband organized yet? But why 15 years? You can start sooner if you have the aptitude for it.

> 1. Is there a place where I can put my money such that I get a higher interest rate than FD? I am considering putting in foreign FD but I don't have enough to do so right now.

Plenty of other places where you can get much higher than FD. It also requires you to know what you are doing.

> 2. Is there any way I can make my money grow? I believe I should have a substantial amount of savings with my salary. Other than property, what else can I invest in? I'm more comfortable investing in something tangible like property rather than something with a very high risk like the stock market.

Stock market is not high risk if you know what you are doing. Property is a waste of time if you don't know what you are doing.

But really, your first priority is your career in your chosen field, which is where you will get your income from. That is, until you decide you are more knowledgeable in other areas.