Insurance and Investments
Learning Objective
I can describe different types of insurance and investments.
Lesson Flow
Watch Video
What is Insurance | What is Life Insurance and General Insurance | Different Types of Insurance
5paisa
Guided Notes
Key concepts students will learn:
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Insurance is a legal contract where the insurance company provides financial protection in the event of an unforeseen event, and the amount the individual receives is called the sum assured.
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Term life insurance provides coverage for a fixed term, and if the policyholder outlives the term, they do not receive any money on maturity, whereas whole life insurance provides coverage for a lifetime.
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Health insurance covers medical expenses, and motor insurance provides financial assistance if you have an accident with your bike or car.
Practice
12 questions • Short answer
Exit Ticket
“Name and briefly describe three different types of life insurance policies discussed in the video.”
Teacher Guide
Get the complete package:
- Answer keys for all questions
- Differentiation strategies
- Extension activities
- Printable student handouts
