Heirs Insurance Essay Championship Development

Student's First Name

Student's Surname

Student's Age (number only)

Student's Class

Student's ID Card:

Student's Passport Photo:

State (School Location)

LGA

School Name

School Address

Name of Principal or Head Teacher of Student

Principal/Head Teacher's Phone Number

Principal/Head Teacher’s Email Address

Name of Parent/Guardian

Parent/Guardian’s Phone Number

Parent/Guardian’s Email Address

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.

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