Choosing insurance

What you can do at this level

• Kage:6-10

  Understands the concept of insurance and how it works

• Kage:11-15

  Realises that cost of insurance will be higher when risk is higher

• Kage:16-18

  Understands and can compare different ways to increase one’s financial resilience (e.g. buying insurance, keeping sufficient precautionary savings or access to emergency funds)

• Kage:16-18digitalbecoming-an-adult

  Aware of available reliable digital tools to compare and make decisions on insurance products.

• Kage:16-18becoming-an-adult

  Understands when mandatory insurance needs to be taken by oneself or by a third party (e.g. one’s employer)

• Kage:16-18

  Understands the concepts of policy premium and insurance claim

What you can do at this level

• Sage:11-15

  Can distinguish between the different types of public and private insurance (car insurance, health insurance, travel insurance, natural disaster insurance etc.)

• Sage:16-18becoming-an-adult

  Chooses between different insurance products based on relevant criteria (e.g. type of insurance, costs) and provides complete and accurate information when applying for insurance

• Sage:16-18becoming-an-adult

  Analyses the proposed insurance coverage when taking an insurance

• Sage:16-18becoming-an-adult

  Takes into account the conditions and coverage of insurance that would apply when applying for a job (e.g. for summer job)