Lesson Plan for Senior Secondary 1 - Insurance - Policy Document

Lesson Plan: Understanding Insurance Policy Documents Grade Level: Senior Secondary 1 Subject: Commerce / Business Studies Duration: 60 minutes Topic: Policy Document ### Lesson Objectives: By the end of this lesson, students will be able to: 1. Define what a policy document is. 2. Identify the key components of an insurance policy document. 3. Understand the importance of a policy document in the context of insurance. 4. Analyze and interpret a sample insurance policy document. ### Materials Needed: - Whiteboard and markers - Sample copies of an insurance policy document (printed or digital) - Projector and computer (for presentation) - Handouts with key terms and definitions - Exercise worksheets ### Lesson Outline: #### Introduction (10 minutes) 1. **Greeting and Attendance (2 minutes)** - Welcome the students and take attendance. 2. **Hook Activity (3 minutes)** - Start with a simple question: "Have any of you or your family bought an insurance policy before?" - Allow students to briefly share their experiences or what they know about insurance. 3. **Lesson Overview (5 minutes)** - Introduce the topic of the day: "Policy Documents." - Explain the significance of understanding an insurance policy document in both personal and professional contexts. #### Direct Instruction (20 minutes) 1. **Definition and Purpose of a Policy Document (5 minutes)** - Define a policy document: A formal contract between the insurance company and the insured which outlines the terms and conditions of the insurance coverage. - Explain why it is important: Includes details of coverage, exclusions, premiums, and claims process. 2. **Key Components of a Policy Document (15 minutes)** - Go through the major sections of an insurance policy document using a sample on the projector. - Clarify components such as: - Declarations Page - Definitions - Insuring Agreements - Exclusions - Conditions - Endorsements - Provide students with handouts summarizing these key components. #### Guided Practice (15 minutes) 1. **Analyzing a Sample Policy Document (10 minutes)** - Distribute copies of a sample policy document. - Walk through the document with students, highlighting key parts and explaining what each section means. - Encourage students to ask questions and discuss any confusing terms. 2. **Worksheet Activity (5 minutes)** - Distribute worksheets with questions related to the sample policy document. - Questions might include identifying specific sections, interpreting clauses, and recognizing exclusions. #### Independent Practice (10 minutes) - **Student Exercise (10 minutes)** - Allow students to work on their worksheets independently to reinforce learning. - Walk around the classroom to provide assistance and answer any questions. #### Conclusion and Review (5 minutes) 1. **Summary (3 minutes)** - Recap the key points discussed in the lesson. - Highlight the importance of thoroughly reading and understanding an insurance policy document before purchasing. 2. **Q&A Session (2 minutes)** - Open the floor for any final questions from students. - Address any remaining confusion or misconceptions. ### Assessment: - Collect and review the completed worksheets to assess student understanding. - Informal observation of student participation during discussions and guided practice. ### Homework: - Assign students to bring in a real insurance policy (with confidential information redacted) from home for the next class. Encourage them to identify and highlight the key sections discussed. ### Reflection: - At the end of the lesson, make a note of what went well and what could be improved for future classes. - Consider student feedback to adjust the pace or content for better understanding. ### Additional Resources: - Relevant websites or videos that provide further explanation on policy documents. - Invite an insurance professional to speak to the class in a future lesson.