Investment linked insurance will suit a fresh grad better, reason is that you can have high protection with a lower premium (rm150 monthly can net you medical card, life/tpd, multiple claim insurance, hospitalization income etc). When your income is stable/increased, you can further customize the investment linked insurance to your liking, increase the sum assure/add more riders/increase the investment portion of greater savings etc. For PA (personal accident) you can look for it at the general insurance side, a lot cheaper with some extra benefit, ie rm214 annually for 100k that also include snatch theft, kidnaped recovery reward, personal liability etc.

Also you can utilize the tax reduction from the insurance as well, potentially can be the greatest investment return if you utilize it wisely.

Lastly would like to highlight one of the company medical card issue, if you retired or switch job, you will lose the protection, if you have made some medical claims before, you chances of getting a medical card would be subjected to the mercy of the underwriter.