General insurance:- Special features of life insurance; Long term contractLevel of premiumSurrender valueState recognitionPaid-up policy with profit policies General use of life assurance:- Difference between life and non life assuranceBenefits of life assurances to the individual; -educating ones children -investment -collateral -monetary estate -protection etc. General use of life assurance cont)benefit of life assurance to the -Society -Government State its suitability to various needs. Meaning of Insurance Market:- Meaning of insurance marketInsurance companies(giving examplesInsurance intermediaries e.g. Brokers, agents, loss adjustersRoles of insurance intermediariesWhy you should deal with a registered intermediary Insurance Market( cont) Insurance sellersInsurance buyers e.g. Individual/private, cooperate and public institutionsInsurance supporting services. Nigeria Insurance Association(NIA):- Meaning and purpose of (NIA)Roles of the associationMembership requirement of the association Nigeria council of registered insurance brokers (NCRIB) Meaning of NCRIBPURPOSE /ROLEsMembership of NCRIB Institute of Lose Adjusters of Nigeria (ILAN):- MEANING and establishment of ILANFunctions of ILAN, how loss adjusters aid insurance claim settlementMembership of ILANInternational institute of Loss Adjusters (ILAN) National insurance commission(NAICOM) Meaning of NAICOMEstablishment of NAICOMRegulatory body of NAICOMFunctions of NAICOM. Chartered Insurance Institute of Nigeria (CIIN) cont. Meaning of CIINEstablishment of CINFunctions of CIIN Chartered Insurance:- Institute of Nigeria (CIIN) cont. Revision Examination.
Teachers explain the special features of life assurance non life assurance do not have. Students participate in the discussion. Instructional recourses: card board displaying these features. Teacher explains importance of life assurance. Students participate in discussion. Instructional recourses:- Use of card board displaying benefits of life assurance to the individual. Teacher explains benefits of life assurance to the society and government. Students participate in the discussion. Instructional recourses:- Cardboard displaying this benefits Teacher explains with example. Students participate in the discussion. Students list three insurance intermediaries. Instructional resources:- Costume (each students with tag broker, agents, loss adjuster). Teacher explains the following :- Insurance sellers, buyers, insurance supporting services. Students list example of each. Instructional resources- costumes. Teacher explains purpose of the association, membership requirement. Student listing, state a purpose of setting up the association and requirement. Instructional resources: Word cards. Teacher explains the content one after the others. Student state the purpose/roles of NCRIB. Teacher explains NCRIB. Teacher explains establishment of ILAN. Teacher introduces a resource person (insurance personnel) to discuss the operation of NAICOM. Students participate in the discussion. Instructional resources; resource person, specimen document- registration certificate. Teacher explains the establishment of CIIN, Functions of CIIN. Students participates Instructional resources: Word cards Revision Examination.
INSURANCE SS 3 SECOND TERM SCHEME
WEEK
TOPICS/CONTENT
ACTIVITIES
1. 2. 3-13
Common Insurance Terminologies: Concealment DisclosureDay of graceEx-gracia paymentExtra premiumEndorsement Excepted subject matter of insurance:- Under insurance Subject matter of contractReturn of premium (Insurance terminologies Cont.) Revision/Mock and Examination.
Teachers explains the terminologies, Students participates in the discussion, list five terms used in insurance and state their meaning. Instructional resources: Word cards. Teachers explains the terminologies, Students participates in the discussion, list five terms used in insurance and state their meaning. Instructional resources: Word cards.
