When it comes to choosing financial instruments, two of the most popular options are mutual funds and insurance policies.

Mutual funds are like a big pot of money that's managed by experts, who decide where to invest it in, like stocks and bonds. It’s a good choice if you want to grow your money and reduce the chances of losing it all in one go. You can also buy and sell shares / units in the fund easily. 

Meanwhile, insurance policies are like safety nets. You buy it for benefits that can cover future financial needs, like a health emergency. Some insurance policies have an investment component, however, these products are not really designed for investing.

So which one is right for you? It depends on what you want to do with your money. If you want to grow your money and have control over your investments, mutual funds are ideal. If you want to protect yourself from unexpected costs, insurance policies are the way to go.

Or better yet, go for both!

The good news is, you can seek advice from professionals. They can help you figure out what's best for your needs and guide you along the way.