Tugu Insurance Boss Talks About The Importance Of Insurance In Various Life Aspects

He gave an example of the story of his colleague who suffered losses due to the culinary business fire, but was able to rise thanks to insurance protection.

"In life there will always be risks, both fires, natural disasters, and accidents. Big risks must be transferred, one of which is through insurance so that recovery can be faster," said Adi.

This risk is what students try to share through a meaningful story experienced by their best friends when opening a culinary business.

"I've been there at one time accompanying friends to open a culinary business. Culinary businesses are considered prospective but it turns out to be difficult because of physical and non-physical competition," he said.

He added that during the difficult times, the culinary business that was run had an impact on decreasing sales turnover. Even so with the drop in the portion of orders per day.

"Even though it's usually possible to sell 20-40 servings a day, 5 purchases are so difficult. At that time, it was difficult to pay monthly rent," he recalled.

Until finally, it was decided to sell online from home to get around the rental price of the building due to the drop in sales turnover.

"But yes, I accompanied, I gave a lot of improvement and discussion and Alhamdulillah, now I already have 2 kiosks in one of the big markets. And the kiosk can produce 100 servings a day," he explained.

Dalam perjalanan usaha kulinernya kata Adi, risiko pun muncul. Kiosk usaha tersebut yang dalamnya berisi peralatan seperti freezer, panik dan segala macam terimap dilahap si bakar merah.

"It caught fire, it was damaged and he had to compensate everything for the losses of about tens of millions. Luckily these items have insurance. The insurance is 10 million," he explained.

From this story, he emphasized the importance of identifying risks in life, either while at the bottom or above.

"We have risks because of fires, natural disasters, accidents and so on. Well, it's all part of the name risk management," he said.

Adi said, there are various risk options that include being avoided (avoids), reduced (reduced) and accepted (accept).

This means, if someone uses online loan services (pindar), they can be accepted because the loan is small. However, if the loan is large, it should be avoided.

According to Adi, this insurance can ultimately accelerate recovery if there are risks such as fires and so on.

"And for very large risks, that's what we do in exchange for transfers. One of these transfers is through insurance methods," he explained.

Similarly, Fennicia Auliantika's Financial Planner highlighted the importance of managing finances wisely for the younger generation in the midst of the FOMO phenomenon (scary of being left behind), YOLO (very alive) and FOPO (scary of other people's opinions) lately.

"These phenomena occur a lot in young people due to social media even though the money is not sufficient," said Fennicia.

Feni, as he is familiarly called, said that the phenomena mentioned will have an impact on old age due to spending money for a moment of needs such as watching concerts, buying new gadgets until the holidays.

"Later we don't have a pension fund, we want to study children in the future is also difficult. So, don't let it happen. That's why it's important to manage finances wisely," he explained.

He also shared knowledge with students/i how to plan finances wisely for handsomeness in the future. At least, there are two pillars that must be done.

He explained that the first pillar that must be done by the younger generation is to strengthen the financial foundation. This pillar includes cash flow, emergency funds and controlled debt.

"The cash flow must be positive or not to be negative. Then, prepare emergency funds with details, namely at least 3 months of expenditure for those who are already working. And finally, the debt is controlled. For student friends, please don't owe it first," he asked.

Then, the second pillar is planning investment in accordance with financial goals, with a minimum of 10 percent of income.

"You can directly invest but you have to be strong first. Now, if this pillar is strong then it must be closed with protection," he explained.

According to him, having important protection for a person as a shield in mitigating various risks in his life and objects.

"For example, if you like traveling and suddenly something unwanted happens, there must be a protection that can come from insurance," he concluded.

Meanwhile, Head of the Organization and Membership Division of ILUNI FIB UI Vicky Rachman hopes that all of his students can manage finances by setting aside as small pocket money they have.

"On campus, we are accustomed to culture that is positive, including planning finances. Let's culture plan our finances to make life more optimal," he said.

Similarly, the Dean of the FIB University of Indonesia or represented by the Financial Manager of FIB UI Dr. Dwi Puspitorini added that financial literacy activities provide great benefits for the younger generation, especially students, to avoid various financial risks in the future.

"This financial literacy activity is very useful for students/I to avoid economic problems because it will make us clear and explain financial literacy to all of us," he concluded.