Listening/Speaking
3. CW. Watch a video about Insurance on Youtube and speak about it.
4. CW. Listen to the information and answer the following questions
• What’s insurance?
• When and where did insurance appear?
• Why is insurance important?
• What can you say about the insurance system in Azerbaijan?
The History of Insurance System

Insurance is one of the oldest fields of the economy. The first insurance activity appeared 4,000 years ago in Babylon. The purpose of it was protecting people’s personal and property interests from danger and was first practiced by early Mediterranian sailing merchants. From the beginning of the XIV century insurance turned into tradable and profitable field in European countries. The importance of insurance system in the world is very high because it protects people from loss and danger.

When people work, they must pay contributions to the National Insurance fund. Contributions are also made by the employer and the government. National Insurance benefits are available to the unemployed, the sick and the retired. The disabled and the widowed are also provided with financial help.

Developed countries have big insurance markets. Insurance is a new field in Azerbaijan. But despite this fact, it plays an important role in the economy of the country. There are more than 20 insurance companies in Azerbaijan.

5. PW. Correct the mistakes giving your comments.
1. National Insurance benefits are available only to the retired.
2. When people work they shouldn’t pay contributions to the National Insurance fund.
3. Insurance protects children from bad habits.
4. The insurance system in the world is very low.
5. The first insurance activity appeared 400 years ago in Germany.
6. Insurance doesn’t protect people from loss and danger.
7. There are twelve insurance companies in Azerbaijan.
8. All people are provided with financial help in the world.