Insurance and Investments
Grade 11th Grade · Economics · 60 min
What's Included
Learning Objective
I can describe different types of insurance and investments.
Warm-Up Video
5paisa · 10:10
What is Insurance | What is Life Insurance and General Insurance | Different Types of Insurance
Guided Notes
3 key concepts
- 1
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.
- 2
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.
- 3
Health insurance covers medical expenses, and motor insurance provides financial assistance if you have an accident with your bike or car.
Practice Questions
12 questions · Short answer
Exit Ticket
Quick comprehension check
“Name and briefly describe three different types of life insurance policies discussed in the video.”
Complete Lesson Package
Get all 3 ready-to-use resources:
