Lesson Plan - Choosing insurance

Choosing insurance Learning Unit

Step-by-step guide to the lesson

Start

Presentation

index

Goals

Unit Concept Map

Learning session

Ending the lesson

For more information

presentation

how to choose the insurance

Welcome to our unit on Choosing insurance. In this unit you will learn about types of insurance and what kind of insurance is suitable for different life situations. By the end of this unit you will know about the financial risks that can be more appropriately managed with or without insurance, risk of being underinsured and costs of being over insured, understand the link between insurance products and different situations and be aware of the impact of certain actions and behaviors on insurance coverage and premiums.

presentation

goals

By the end of this unit, learners will be able to:

Understand of how financial risks can be more appropriately managed with or without insurance

- Know the situations where the insurance is beneficial. - Be aware of alternatives to insurance. - Understand when to use an insurance.

Know the risks of being under-insured and costs of being over-insured

- Understand the over-insurance and under-insurance. - Know the risks of underinsurance and costs of overinsurance. - Find the rigth balance between being under-insured and over-insured.

Know which insurance products are designed for which situations.

Take into account how certain actions and behaviors will impact insurance coverage and premiums (including actions monitored by big data).

- Be aware about types of action and behaviours and how they could affect insurance coverage and premiums. - Know what to consider when choosing the insurance.

presentation

Unit Concept map

Choosing insurance

under-insurance and over-insurance

LInk of actions and behaviors TO insurance coverage

financial risks and insurance

insurance for different situations

Theory

Theory

Theory

Theory

2 videos about types of insurance

Video about how works the insurance

Video about under-insurance

Learning sessions - 01

1. Before starting the presentation, let's discuss about your experience on the topic [5 mins].

Introduction to risks in financial context

+Introduction

2. After short dicussion lets check what you really know about choosing the insurance by completing the quick test [5 min]. 3. Then, lets analyse the glossary with the main definitions to be used within the lesson [10 min]. 4. Then, we will continue the lesson [2 h and 10 mins] with some theory and videos (for links in videos see slide 7). Foresee some minutes for rest after 1 hour of session to ensure learners engagement and attention.

+Quiz

+Glossary

+Contents

Learning sessions - 01

videos for deepening knowledge

These videos should be integrated into the lesson

Types of Insurance

What is Underinsurance?

Presentation of Health, Life, Property, and Auto insurance.

What are the different types of Insurance?

Presentation of what underinsurance is and the possible consequences of not being insured properly.

How Does Insurance Work?

Introduction to insurance and its possible types.

Explanation of the insurance process in practice.

Learning sessions - 01

Q&A

During the lesson, the discussions could be organised in between of subtopics in order to engage the learners to participate in the lesson actively.

The quiz could be used twice - at the beginning of the lesson and at the end in order to see the progress of learners.

Reflect on what you have learned

good job!

+Info

learning unit completed

Home

The unit is set to last 2.5 hours including:

• Initial discussion (5 min)
• Quiz (5 min)
• Glossary overview (10 min)
• Financial risks that can be more appropriately managed with or without insurance (35 min)
• Risk of being underinsured and costs of being over insured (25 min)
• Link between insurance products and different situations (40 min)
• Impact of certain actions and behaviors on insurance coverage and premiums (25 min)
• Quiz (5 min)

Glossary

After the initial short discussion in order to engage learners with the session, let's get acquainted with the main terms to be used within the lesson. [add link to the glossary from the platform]

1. What have I learned? Main concepts and ideas.
2. How did I learn it? Steps followed to learn it: group work, research, analysis of information, in-depth study, etc.
3. What has been the easiest and the most difficult part?
4. What was it useful for? Usefulness of what I have learned
5. In what other situations can I use it? Extrapolation of what I have learned to other subjects, daily life, etc.

Introduction

We should initiate the discussion with learners by asking them some questions related with the lesson's topic. Some questions could be:

• Do you use some type of insurance?
• If yes, please share your experience.
• If not, which type of insurance, do you think, would be beneficial for you?
• What, do you think, should you consider when choosing the insurance?

QUIZ

After the initial short discussion in order to engage learners with the session, let's make a small quiz to test their knowledge. [add link from the platform] This quiz can also be used at the end of the lesson.