SS1 First Term Insurance Lesson Note and Scheme of Work
Week 1: Introduction to Insurance
Lesson Note: Begin with the definition of insurance, its importance, and basic principles. Discuss types of insurance (life, property, health). Activities include real-life examples and class discussions.
Scheme of Work:
Definition and Importance of Insurance
Basic Principles of Insurance
Types of Insurance
Week 2: Risk and Peril
Lesson Note: Explore the concepts of risk and peril. Define terms and illustrate with examples. Discuss risk management techniques. Activities involve case studies and group discussions.
Scheme of Work:
Understanding Risk
Identifying Perils
Risk Management Techniques
Week 3: Insurance Contracts
Lesson Note: Introduce the structure of insurance contracts, including elements and legal aspects. Activities include analyzing sample contracts and discussing key terms.
Scheme of Work:
Elements of an Insurance Contract
Legal Aspects of Insurance Contracts
Analyzing Sample Contracts
Week 4: Underwriting and Premiums
Lesson Note: Explain the underwriting process, factors influencing premiums, and how insurers calculate risks. Activities involve practical scenarios and class discussions.
Scheme of Work:
Underwriting Process
Factors Influencing Premiums
Calculating Risks
Week 5: Claims and Settlement
Lesson Note: Cover the process of filing insurance claims, assessment, and settlement. Discuss common issues and resolutions. Activities include case studies and role-playing.
Scheme of Work:
Filing Insurance Claims
Claims Assessment
Settlement Process
Week 6: Social Insurance
Lesson Note: Introduce social insurance concepts, focusing on government-led programs. Discuss benefits and challenges. Activities include analyzing social insurance programs.
Scheme of Work:
Definition of Social Insurance
Government-Led Insurance Programs
Benefits and Challenges
Week 7: Health Insurance
Lesson Note: Explore the specifics of health insurance, including coverage, policies, and the role of insurance in healthcare. Activities involve analyzing health insurance plans.
Scheme of Work:
Overview of Health Insurance
Health Insurance Coverage
Role of Insurance in Healthcare
Week 8: Auto Insurance
Lesson Note: Discuss auto insurance principles, coverage options, and the importance of responsible driving. Activities include analyzing auto insurance policies.
Scheme of Work:
Auto Insurance Principles
Coverage Options
Responsible Driving and Insurance
Week 9: Property Insurance
Lesson Note: Focus on property insurance, covering types of coverage, valuation, and common policy exclusions. Activities involve analyzing property insurance cases.
Scheme of Work:
Types of Property Insurance
Valuation in Property Insurance
Common Policy Exclusions
Week 10: Insurance Ethics and Regulation
Lesson Note: Discuss ethical considerations in the insurance industry and regulatory frameworks. Activities involve case studies and class debates.
Scheme of Work:
Ethical Considerations in Insurance
Regulatory Frameworks
Case Studies and Debates
Week 11: Revision Week
Lesson Note: Review key concepts, address questions, and clarify doubts. Activities include a comprehensive review session and practice quizzes.
Week 12: Examination Week
Lesson Note: Conduct a final examination covering all topics. Activities involve administering the exam and addressing any concerns.
Week 13: School Dismissal Week
Lesson Note: Summarize the course, address any remaining questions, and provide guidance for further study. Activities includes farewell session and distribution of resources or certificates.
