Insurance — 30-Week Plan
Weekly outline built from the WAEC syllabus (last 5–10 years emphasis). Practice can be done offline; Mock is timed online (2 attempts).
Total practice: 420 • Total mock: 630
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Week 1–4 (October: Foundations & Contracts)
- Week 1: Introduction to insurance — meaning, history (pre/post-independence Nigeria), legislation & development.
- Week 2: Insurance contract — nature, features, parties to the contract; insurable vs uninsurable risks.
- Week 3: Hazards & perils — definitions, types, examples (physical, moral, legal, financial).
- Week 4: Functions & benefits of insurance — risk transfer, savings, investment, economic development.
Week 5–8 (November: Principles & Documents)
- Week 5: Principles of insurance I — insurable interest, utmost good faith (uberrimae fidei).
- Week 6: Principles of insurance II — proximate cause, indemnity, subrogation, contribution.
- Week 7: Insurance documents I — proposal forms, cover notes, certificates of insurance.
- Week 8: Insurance documents II — policies, endorsements, renewals, surrender values; mock practice with documents.
Week 9–12 (December: Insurance Practice & Claims)
- Week 9: Premium — meaning, calculation, factors affecting premium; concepts of loading & return of premium.
- Week 10: Claims I — procedures for claims; duties of insured; role of agents/brokers.
- Week 11: Claims II — role of loss adjusters, surveyors, arbitrators; claims settlement process.
- Week 12: Reinsurance — meaning, purpose, types; role in risk management & insurer stability.
Week 13–16 (January: Non-Life Insurance Products I)
- Week 13: Motor insurance — third-party, comprehensive; statutory requirements in Nigeria.
- Week 14: Fire & burglary insurance — risks covered, exclusions, claims procedures.
- Week 15: Money, fidelity guarantee & engineering insurance — meaning, scope, uses, examples.
- Week 16: Marine & aviation insurance — hull, cargo, liability; aviation risks; contribution to trade.
Week 17–20 (February: Non-Life Insurance Products II)
- Week 17: Liability insurance — employer’s liability, public liability, professional indemnity.
- Week 18: Business interruption & personal accident insurance — scope, calculation of claims.
- Week 19: Life assurance overview — term, whole life, endowment, annuities (intro only, as WAEC specifies).
- Week 20: Revision drill — mixed questions on general/non-life products; case study mock.
Week 21–24 (March: Insurance Market & Regulation)
- Week 21: Insurance market — insurers, reinsurers, brokers, agents, buyers, sellers, loss adjusters.
- Week 22: Market structure — roles, functions, interrelationships between operators.
- Week 23: Regulators I — NIA, NCRIB, ILAN (functions, membership, impacts).
- Week 24: Regulators II — NAICOM, CIIN; statutory control, professional training, consumer protection; WAEC-style mock.
Week 25–27 (April: Terminologies & Applications)
- Week 25: Key terminologies I — hazard, peril, disclosure, concealment, days of grace, ex gratia, endorsements.
- Week 26: Key terminologies II — surrender value, annuity, paid-up policy, assurance vs insurance, under-insurance, average clause.
- Week 27: Applied revision — solving WAEC-style case studies & essays using real-life insurance examples.
Week 28–30 (April: Grand Final Mocks)
- Week 28: Grand Final Mock 1 — Paper 1 objectives (50 MCQs) + Paper 2 case study + 3 essays.
- Week 29: Grand Final Mock 2 — tougher essay set with regulator & product mix; strict timing.
- Week 30: Grand Final Mock 3 — closest replica of WAEC exam; full rubric discipline.