To provide security guarantees in the future, many people are already targeting financial products. However, the two most popular products are products such as insurance and investment. Both products are a must-have in this era. Ideally, everyone must have both products.

The function of insurance is to get protection from a person or his family in terms of financial risks that come suddenly or unexpectedly.

While the function of investment is to meet the needs in the future so that the purchasing power possessed by a person is not depleted by inflation. Both financial products are very important.


Which should be prioritized?

One thing that is always debated is if the amount of assets you have is very limited and cannot cover both of these. Which should take precedence? Insurance or investment?


Many think that these two things have a lot in common and all that needs to be done is to choose one of the two. This is wrong. Buying insurance cannot multiply the money you have. Too bad there are still many people who think so.

Insurance does not have the concept of developing money as in investing. The concept of insurance is more aimed at anticipating the risk of the emergence of unexpected things such as illness or accident.

With the occurrence of things like that, then you can get some money as a form of coverage that you get. You get the deposit because you have paid the insurance premium regularly beforehand.

But if nothing unexpected happens as mentioned, then the premium that you have paid will be forfeited or become the property of the insurance company. In general, insurance for individuals can be divided into accident insurance, life insurance, critical illness insurance and health insurance. Each of these insurance products has different benefits.


What if the funds are limited?


Return to the original question. Which should be a priority if the funds are very limited. Do you have to have insurance in advance or invest as soon as possible?

For those of you who work as an employee in an office, in fact you unwittingly have insurance benefits. But what about those who didn't get the feature?

If the funds are very limited, what should be your choice is insurance. Prioritize insurance rather than investment because if there is a risk such as an accident, the new investment will not be able to help much.

This is because the investment value tends to be small and has not been able to meet the financial needs of you and your family.

Over time, when your financial situation has increased, you can start investing. This is in accordance with the realistic situation. If you have a healthy body and mind, you can certainly find ways to increase income.

Tips for Choosing Insurance

Next we add some tips for you in choosing insurance:

  • Choose insurance products in insurance companies that have been recognized and have good credibility. To make it easier, you can search the internet for the best insurance companies.
  • Because an insurance company provides a large selection of insurance products, it is better if you are not in a hurry in choosing products that suit your needs. Use your time as well as possible to choose.
  • Pay close attention to the terms and conditions imposed by the insurance. It would be better for you if you ask a few points you don't understand.
  • Understand the details of the policy. Find out what events are covered by the insurance.
  • Make sure the insurance premium that you pay is in accordance with your financial ability.
  • Cases that often occur are difficulties in obtaining insurance costs. Learn clearly what procedures must be passed to be able to make claims.


Back to yourself


Is it possible to invest without having any insurance? You can answer the question yourself. This can actually be done if you dare to bear the risk. But this risk can be avoided if you can start a healthy lifestyle so that you can avoid the coming of a disease that will drain your money.