Key Concepts
Types of Personal Risk Insurance:
- Private Medical Cover: Provides financial support for healthcare-related expenses.
- Income Cover: Protects against loss of income due to unforeseen circumstances.
Cost and Coverage Choices:
- Students assess policies based on premiums, coverage levels, and the impact of choosing different excess amounts.
How It Works
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Initial Quiz:
- Students start with the Personal Risk Insurance Quiz, earning rewards for correct answers.
- Students start with the Personal Risk Insurance Quiz, earning rewards for correct answers.
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Application Process:
- Students complete a basic application form to view available options for Private Medical Cover and Income Cover.
- They can choose to apply for one or both insurance policies, or opt not to apply at all.
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Automatic Payments:
- After selecting a policy, students set up an automatic payment from their preferred account to cover weekly premiums.
- After selecting a policy, students set up an automatic payment from their preferred account to cover weekly premiums.
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Policy Options:
- Students review various providers and policies, considering factors like:
- Premium costs.
- Coverage levels.
- Excess amounts and their effect on premiums.
- Students review various providers and policies, considering factors like:
Teacher Tools
- Student Insurance Overview:
- Teachers can track which students have taken out Private Medical Cover and/or Income Cover.
- The Personal Risk Insurance Overview provides a summary of fully covered students, accessible at the bottom of the expansion area.
Lesson Support
To help guide your class through this expansion, a comprehensive Lesson Plan is available, including:
- Step-by-step instructions.
- Linked worksheets for in-class activities.
- Vocabulary builders to introduce key financial terms.
- Discussion ideas to promote classroom engagement and critical thinking.
- For information on how to enable expansions and access these resources, please see the related article here.