Code: 3.3.1 · Children and youth
Understands the concept of insurance and how it works
Realises that cost of insurance will be higher when risk is higher
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)
Aware of available reliable digital tools to compare and make decisions on insurance products.
Understands when mandatory insurance needs to be taken by oneself or by a third party (e.g. one’s employer)
Understands the concepts of policy premium and insurance claim
Can distinguish between the different types of public and private insurance (car insurance, health insurance, travel insurance, natural disaster insurance etc.)
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
Analyses the proposed insurance coverage when taking an insurance
Takes into account the conditions and coverage of insurance that would apply when applying for a job (e.g. for summer job)