Lesson Plan for Senior Secondary 2 - Insurance - Marine Insurance I

# Lesson Plan: Introduction to Marine Insurance ## Subject: Insurance ## Level: Senior Secondary 2 ## Duration: 60 minutes ### Lesson Objectives: By the end of this lesson, students should be able to: 1. Define marine insurance and understand its significance. 2. Identify the types of marine insurance policies available. 3. Understand the key terms and concepts in marine insurance. 4. Recognize the procedures involved in obtaining marine insurance. ### Materials Needed: - Whiteboard and markers - PowerPoint presentation or slides - Copies of sample marine insurance policies - Handouts of key terms and definitions - Case study examples - Projector - Notebooks and pens for students ### Lesson Outline: #### Introduction (10 minutes) 1. **Greeting and Attendance Check (2 mins):** Welcome students and take attendance. 2. **Motivation/Hook (3 mins):** Start with a brief story or recent news related to marine insurance (e.g., a major shipwreck and the role of insurance in covering the losses). 3. **Lesson Objectives (2 mins):** Clearly state the objectives of the lesson. 4. **Engagement Question (3 mins):** Ask students if any of them or their families have experience with insurance to relate the topic to their everyday lives. #### Presentation (20 minutes) 1. **Definition of Marine Insurance (5 mins):** Explain marine insurance and its importance in international trade and global economy. 2. **Types of Marine Insurance Policies (10 mins):** Discuss various types of marine insurance policies such as: - Hull Insurance - Cargo Insurance - Freight Insurance - Liability Insurance 3. **Key Terms and Concepts (5 mins):** Introduce terms like perils of the sea, barratry, jettison, and general average. #### Activity/Practice (15 minutes) 1. **Group Activity (10 mins):** Divide students into small groups. Provide each group with a case study involving a marine insurance claim. Ask them to identify the type of insurance involved and the processes that might follow. 2. **Group Presentation (5 mins):** Each group presents their analysis. #### Discussion (10 minutes) 1. **Q&A Session (5 mins):** Allow students to ask questions regarding the case studies and the types of marine insurance. 2. **Interactive Discussion (5 mins):** Discuss any real-life examples students might know that relate to marine insurance. #### Wrap-Up (5 minutes) 1. **Recap (3 mins):** Summarize the key points learned during the lesson. 2. **Assignment (1 min):** Assign a brief homework task where students must research and report on a historical marine insurance case. 3. **Closing Remarks (1 min):** Conclude the lesson and preview the next topic in the insurance series. ### Assessment: - Participation in group activity - Group presentation - Homework assignment on historical marine insurance case ### Homework: - Research and write a 1-page report on a historical marine insurance case, focusing on the events, the insurance policy involved, and the outcome. ### Reflection: - After the lesson, reflect on what worked well and what could be improved. Adjust future lessons accordingly based on student feedback and observed engagement. --- This lesson plan is designed to introduce Senior Secondary 2 students to the concept of marine insurance in an engaging and interactive manner, ensuring they grasp the fundamental aspects of this topic.