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
Initial Quiz:
Students start with the Personal Risk Insurance Quiz, earning rewards for correct answers.
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.
Automatic Payments:
After selecting a policy, students set up an automatic payment from their preferred account to cover weekly premiums.
Policy Options:
Students review various providers and policies, considering factors like:
Premium costs.
Coverage levels.
Excess amounts and their effect on premiums.
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.