2025 ESSAY CHAMPIONSHIP
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Short Quiz
Insurance is a way of protecting people from unexpected losses. It helps individuals, families, and businesses recover financially when bad things happen, like accidents, theft, or damage. By paying a small amount of money regularly (called a premium), people can receive financial help from an insurance company when they face challenges.
Before submitting your essay, take this short quiz to test your basic understanding of insurance.
What is the main purpose of insurance? To make people rich overnight.To provide financial protection against unexpected losses.To help people avoid paying taxes.To replace all lost or damaged property immediately.
What is the money called that a person pays regularly to keep their insurance active? LoanPremiumFineProfit
Who benefits from insurance? Only rich peopleOnly businessesAnyone who has an insurance planOnly people who work in banks
How does insurance benefit a family? It helps them get rich quicklyIt protects them financially in case of unexpected eventsIt stops them from spending money on anything elseIt helps them buy whatever they want
What should someone do before choosing an insurance plan? Compare different options to find one that suits their needsPick the first insurance company they hear aboutIgnore the details and just sign upWait until they have a problem before thinking about insurance
If you win this championship, what would you like us to do for your school?
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Upload Essay Document (1MB Max)
IMPORTANT NOTICE:
Essays should be typed and not handwritten.
Word Count: Not more than 500 words.
Students must write their name, school and class on the essay document.
Document Format: Word only.
Would you like our team to reach out to you about our insurance products? YesNoMaybe
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