Class: Senior Secondary School 2 (SS2 / SSS2)
Term: Third Term
Week: 9
Age: 16 years
Duration: 45 minutes
Subject: Insurance
Curriculum Theme: Types of Insurance
Previous Lesson: Whole Life Assurance: Meaning, Operation and Differences.
Topic: Insurance products: Personal accident insurance
Subject Matter: Meaning of personal accident insurance (cover for injury, disability or death due to accident), forms of personal accident insurance (scope of cover), who buys personal and group accident policy

Specific Objectives

By the end of the lesson, pupils should be able to:

Cognitive Domain:

Define personal accident insurance.
Identify and describe the forms of personal accident insurance.
Explain the scope of cover under personal accident policies.
Identify individuals and groups who buy personal and group accident policies.

Affective Domain:

Appreciate the importance of personal accident insurance for individuals and groups.
Value the protection offered by personal accident policies.

Psychomotor Domain:

Analyze a specimen personal accident policy document to identify key features.
Distinguish between personal and group accident policies.

Discuss the benefits of personal accident insurance with peers.
Collaborate in identifying scenarios where personal accident insurance is beneficial.

Reference Materials

The following resources were used in planning this lesson:

Senior Secondary Schools Education Curriculum
State Unified Scheme of Work
Essentials of Insurance for Senior Secondary Schools by O.A. Okunuga
https://www.naicom.gov.ng/
https://www.investopedia.com/terms/p/personal-accident-insurance.asp

Instructional Materials

The teacher will teach this lesson with the aid of:

Policy document specimen
Chart showing types of personal accident cover

Rationale for the Lesson

This lesson helps pupils understand personal accident insurance, which protects against financial losses from injuries, disability, or death due to accidents. It enables them to recognize its importance for personal financial security and group welfare in everyday life.

Prerequisite/Previous Knowledge

Pupils have basic knowledge of general insurance concepts and the importance of insurance.

Lesson Content/Board Summary

Personal Accident Insurance

Meaning of Personal Accident Insurance

Personal accident insurance is a type of general insurance that provides financial compensation to an insured person or their beneficiaries in the event of injury, disability, or death resulting directly from an accident. It offers protection against unforeseen circumstances that can lead to physical harm and subsequent financial strain.

Forms of Personal Accident Insurance (Scope of Cover)

Personal accident insurance policies can offer various forms of cover, tailored to specific needs. The scope of cover typically includes:

Death: Payment of a lump sum benefit to the beneficiary if the insured dies as a direct result of an accident.
Permanent Total Disablement: Payment of a lump sum benefit if the insured suffers total and permanent loss of ability to work or perform daily activities due to an accident.
Permanent Partial Disablement: Payment of a percentage of the sum insured for permanent loss of use of a limb or organ, such as loss of a hand or an eye, due to an accident.
Temporary Total Disablement: Periodic payments (e.g., weekly) for a specified period if the insured is temporarily unable to work due to an accident.
Medical Expenses: Reimbursement for medical treatment costs, hospitalisation, and surgical fees incurred due to an accident, up to a specified limit.
Disappearance: Coverage for death presumed after a certain period of unexplained disappearance following an accident.

Who Buys Personal Accident Policy?

A personal accident policy is typically bought by individuals who wish to protect themselves against financial losses arising from accidents. These individuals often include:

Self-employed individuals who do not have employer-provided accident benefits.
Professionals whose jobs carry higher risks of accidents (e.g., construction workers, engineers, drivers).
Individuals who travel frequently.
Anyone seeking additional financial security beyond standard life or health insurance.
Students, homemakers, and retirees looking for specific accident protection.

Who Buys Group Accident Policy?

A group accident policy is purchased by an organization to cover a defined group of people under a single policy. Common purchasers and beneficiaries include:

Employers: To provide accident cover for their employees as part of their benefits package, especially for those in hazardous occupations.
Schools/Colleges: To cover students against accidents occurring during school activities, excursions, or on campus.
Clubs/Associations: To cover their members during organized activities or events.
Travel Agencies: To provide accident cover for tourists during tours and trips.
Organizers of Events: To cover participants in sports events, conferences, or festivals.

Teaching Methods/Instructional Techniques

Discussion, Lecture, Demonstration, Question and Answer, Visual Aids

Instructional Procedures

Step 1: Introduction

Time: 5 minutes
Teaching Skill: Set Induction
Teacher’s Activity: The teacher greets the pupils and asks them to share experiences of accidents or knowing someone who had an accident and the financial impact.
Pupils’ Activity: Pupils share relevant experiences and discuss the financial implications.
Learning Point: Pupils relate personal experiences to the need for financial protection.

Step 2: Meaning of Personal Accident Insurance

Time: 10 minutes
Teaching Skill: Explanation
Teacher’s Activity: The teacher explains the meaning of personal accident insurance as cover for injury, disability, or death due to an accident, using real-life examples.
Pupils’ Activity: Pupils listen attentively, take notes, and ask clarifying questions.
Learning Point: Pupils understand what personal accident insurance is.

Step 3: Forms of Personal Accident Insurance (Scope of Cover)

Time: 10 minutes
Teaching Skill: Explanation/Demonstration
Teacher’s Activity: The teacher states and explains the various forms and scope of cover, such as death, permanent/temporary disability, and medical expenses, using the chart and policy specimen.
Pupils’ Activity: Pupils observe the chart and policy specimen, listen, and identify different types of cover.
Learning Point: Pupils can identify and describe different forms of personal accident cover.

Step 4: Who Buys Personal Accident Policy?

Time: 5 minutes
Teaching Skill: Discussion
Teacher’s Activity: The teacher explains who typically buys personal accident policies, giving examples of individuals who might need such cover.
Pupils’ Activity: Pupils discuss and list individuals who would benefit from a personal accident policy.
Learning Point: Pupils identify individuals who buy personal accident policies.

Step 5: Who Buys Group Accident Policy?

Time: 5 minutes
Teaching Skill: Discussion
Teacher’s Activity: The teacher explains who buys group accident policies, providing examples like employers, schools, and clubs.
Pupils’ Activity: Pupils discuss and list organizations that would purchase group accident policies.
Learning Point: Pupils identify organizations that buy group accident policies.

Step 6: Recap/Reinforcement

Time: 5 minutes
Teaching Skill: Questioning
Teacher’s Activity: The teacher briefly reviews the key points of the lesson, asking quick questions to check understanding.
Pupils’ Activity: Pupils answer questions and contribute to the review.
Learning Point: Pupils consolidate understanding of the lesson content.

Step 7: Evaluation/Review

Time: 5 minutes
Teaching Skill: Questioning/Assessment
Teacher’s Activity: The teacher evaluates the learning by asking the following questions:

Define personal accident insurance.
List three forms of cover provided by personal accident insurance.
Mention two types of individuals who might buy a personal accident policy.
Identify two organizations that would purchase a group accident policy.

Pupils’ Activity: Pupils answer orally and in writing.
Learning Point: Pupils demonstrate understanding of the lesson.

Step 8: Conclusion

Time: 5 minutes
Teaching Skill: Summarization/Assignment
Teacher’s Activity: The teacher summarizes the importance of personal accident insurance and assigns homework. Homework: Research and write down the names of three insurance companies in Nigeria that offer personal accident insurance.
Pupils’ Activity: Pupils copy the homework assignment.
Learning Point: Pupils consolidate learning and are encouraged to conduct further research.

Lesson Keywords

Personal Accident Insurance – A type of insurance that provides financial compensation for injury, disability, or death resulting from an accident.
Disability – A physical or mental condition that limits a person’s movements, senses, or activities.
Beneficiary – The person designated to receive the benefits from an insurance policy upon the insured’s death.
Group Policy – An insurance policy that covers a group of people, often employees or members of an organization, under a single contract.
Scope of Cover – The extent of protection provided by an insurance policy, outlining what risks are covered.

Differentiation

The teacher will provide additional explanations and simplified examples for pupils who are struggling, while encouraging more advanced pupils to research different types of personal accident policy riders and their benefits.

Note for teachers using this lesson plan

Teachers should ensure to use current examples of personal accident policies from Nigerian insurance companies. Encourage pupils to discuss real-life scenarios where personal accident insurance would be beneficial. Emphasize the distinction between personal and group policies clearly.