16-19 19-25 30 minutes

Introducing insurance

This activity pack introduces young people to the concept of optional and compulsory insurance, as well as asking them to weigh up the benefits between taking out insurance or saving up for emergencies. It also gives participants an opportunity to respond to a case study of a young person who is taking out an insurance policy; they’ll be challenged to think about the key risks, considerations and tips on the choices they would make in response to this situation.

Learning outcomes

By the end of this lesson, participants will be able to:

  • Understand the concept of insurance as paying money to a provider who will then pay you compensation if you suffer a loss, damage or injury
  • Explain and understand key insurance terms, demonstrating an ability to apply their knowledge to a real-life situation
  • Identify which kind of items insurance can be bought for
  • Differentiate between optional and compulsory insurance
  • Consider the benefits of insurance versus saving money to pay your own way out of emergencies

To access worksheets for all twelve activity packs in one place, use our ‘Setting yourself up for financial independence’ workbook.

Other LifeSkills lessons are also suitable for use with care leavers to support them on their employability journey, here are some to get started with:


Curriculum tags


Download full lesson plan pack with all activities

Introducing insurance

Download an individual section

Introducing insurance

PDF 1.4MB

Workbook

PDF 7.3MB

A free account gives you access to all educator content, tools and resources

Over 85,000 educators use LifeSkills’ free and immediately accessible resources to guide young people. Join them in less than 5 minutes.

Already have an account?

Log in


Get started

Thank you for liking

Help us to continue creating relevant content for you by leaving some additional feedback.

Other lessons in Understanding and managing money