Definitely protect yourself first and once you have that safety net, you can then look into investing. Get a hospitalisation plan, and if you have dependents (parents, spouse or children who will be affected should something happen to you) look into a term plan with critical illness coverage so it will not affect you and your family's financial position significantly should anything untoward happen to you. Find an insurance agent who is trustworthy and will calculate the right amount of coverage you need (not what you can afford) without overstretching yourself. You should spend no more than 10% of your salary on insurance each month. Finally, if you are going to learn about investments on your own, don't mix insurance with investments as investment linked policies have a lot of hidden charges. All the best!