What is Insurance? A Simple Explanation for Kids and Beginners

This video answers the basic question "What is Insurance" in a simple, kid-friendly way.
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The video addresses the topics below:
What is insurance
What can be covered by insurance (car, house, life, etc)
How does insurance work (pay premium and file a claim)
How expensive is insurance, and what impacts the premium/rate
Does the insurance premium change from time to time
Impact of a claim on insurance premium
How long is the insurance cover
Who should buy insurance

Hope you like the video and stick around for more finance fun! And please let us know your thoughts (or a suggestion for a video) by leaving a comment!


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The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advise. Please consult a qualified financial advisor before making any investment decision.