Explaining the importance of insurance

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Explaining the importance of insurance

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This module will introduce learners to the concept of insurance, and why it is an important part of financial stability and independence.

By the end of the module learners will be able to:

  • Understand the benefits and conditions of the main types of insurance available, as well as add-on policies that can provide additional features
  • Apply for quotes based on their needs using a variety of distribution channels, including price comparison websites, brokers, banks and insurers
  • Identify the difference between annual and monthly premiums, including the additional instalment costs involved when paying monthly
  • Understand the benefits of doing research on the insurer they select to ensure they have a good reputation if they need to make a claim

 

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