SS3 First Term Insurance Lesson Note and Scheme of Work
Week 1: Introduction to Insurance
Lesson Note:
Define insurance and its importance
Discuss basic insurance terms
Explore the history and evolution of insurance
Activities: Group discussion on real-life examples of insurance scenarios
Scheme of Work:
Introduction to insurance
Importance of insurance
Basic insurance terms
History and evolution of insurance
Group discussion on insurance scenarios
Week 2: Types of Insurance
Lesson Note:
Introduce various types of insurance (life, health, property, etc.)
Discuss the features and benefits of each type
Analyze case studies related to different insurance types
Activities: Group presentations on specific insurance types
Scheme of Work:
Life insurance
Health insurance
Property insurance
Other types of insurance
Group presentations on insurance types
Week 3: Insurance Principles and Concepts
Lesson Note:
Cover fundamental principles of insurance (Utmost good faith, Insurable interest, etc.)
Explain key insurance concepts (Premium, Deductible, Policyholder, etc.)
Case studies to illustrate principles and concepts
Activities: Role-play scenarios related to insurance principles
Scheme of Work:
Utmost good faith
Insurable interest
Indemnity
Contribution
Role-play scenarios on insurance principles
Week 4: Insurance Policy Structure
Lesson Note:
Break down the components of an insurance policy
Discuss policy conditions, exclusions, and endorsements
Analyze sample insurance policies
Activities: Group analysis of real insurance policies
Scheme of Work:
Components of an insurance policy
Policy conditions
Exclusions and endorsements
Sample insurance policy analysis
Group analysis of real insurance policies
Week 5: Underwriting Process
Lesson Note:
Explain the underwriting process in insurance
Discuss factors influencing underwriting decisions
Explore risk assessment techniques
Activities: Case studies on underwriting decisions
Scheme of Work:
Underwriting process
Factors influencing underwriting decisions
Risk assessment techniques
Case studies on underwriting decisions
Review and discussion
Week 6: Insurance Claims and Settlement
Lesson Note:
Detail the insurance claims process
Discuss common reasons for claim denial
Role-play on filing an insurance claim
Activities: Group discussion on real-life claim scenarios
Scheme of Work:
Insurance claims process
Reasons for claim denial
Role-play on filing a claim
Group discussion on real-life claim scenarios
Review and discussion
Week 7: Reinsurance
Lesson Note:
Define reinsurance and its purpose
Discuss the role of reinsurance in risk management
Analyze reinsurance structures
Activities: Group project on creating a reinsurance plan
Scheme of Work:
Introduction to reinsurance
Purpose of reinsurance
Role in risk management
Reinsurance structures
Group project on creating a reinsurance plan
Week 8: Legal and Ethical Issues in Insurance
Lesson Note:
Cover legal and ethical considerations in insurance
Discuss regulations and compliance
Case studies on ethical dilemmas in insurance
Activities: Group debate on a current insurance-related ethical issue
Scheme of Work:
Legal considerations in insurance
Ethical considerations in insurance
Regulations and compliance
Case studies on ethical dilemmas
Group debate on a current ethical issue
Week 9: Emerging Trends in Insurance
Lesson Note:
Explore technological advancements in the insurance industry
Discuss the impact of AI, blockchain, and InsurTech
Analyze how climate change affects insurance
Activities: Research and presentation on a current insurance trend
Scheme of Work:
Technological advancements in insurance
Impact of AI, blockchain, and InsurTech
Climate change and insurance
Research and presentation on a current trend
Review and discussion
Week 10: Risk Management and Insurance Planning
Lesson Note:
Introduce risk management strategies
Discuss the role of insurance in financial planning
Analyze insurance needs based on different life stages
Activities: Group project on creating a comprehensive insurance plan
Scheme of Work:
Risk management strategies
Insurance in financial planning
Insurance needs at different life stages
Group project on creating a comprehensive insurance plan
Review and discussion
Week 11: Revision Week
Lesson Note:
Review key concepts covered in the term
Conduct practice quizzes and discussions
Address any lingering questions or concerns
Activities: Group review games and Q&A sessions
Scheme of Work:
Review key concepts
Practice quizzes and discussions
Address questions and concerns
Group review games
Final preparation for examinations
Week 12: Examination Week
Lesson Note:
Conduct written examinations covering all topics
Ensure a fair and controlled testing environment
Provide guidance on exam-taking strategies
Activities: Written examinations
Scheme of Work:
Written examinations (covering all topics)
Week 13: School Dismissal Week
Lesson Note:
Recap the essential learnings from the term
Provide feedback on examinations
Encourage continued exploration of insurance concepts
Activities: End-of-term reflection and goal-setting for the next term
Scheme of Work:
Recap essential learnings
Provide feedback on examinations
Encourage continued exploration
End-of-term reflection
Goal-setting for the next term.
