Claimbusters: an interactive indoor board game for mastering insurance / Nur Zufirah Zafridin ... [et al.]

Studies have revealed that many people, particularly youth, lack knowledge about personal finance, leading to poor financial decision-making. It is crucial to educate and create awareness about personal finance as it enables individuals to effectively manage their income and expenses. Insurance, a s...

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Bibliographic Details
Main Authors: Zafridin, Nur Zufirah, Othman, Nurul Husna, Lokman, Nur Aifa Ayuni, Ab Rahman, Nur Naliesa, Mokhtar, Noorzalyla
Format: Book Section
Language:English
Published: Universiti Teknologi MARA, Kedah 2023
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/85783/1/85783.pdf
https://ir.uitm.edu.my/id/eprint/85783/
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Summary:Studies have revealed that many people, particularly youth, lack knowledge about personal finance, leading to poor financial decision-making. It is crucial to educate and create awareness about personal finance as it enables individuals to effectively manage their income and expenses. Insurance, a significant aspect of personal finance, provides financial stability, aids in debt repayment, and covers unexpected expenses. However, research has shown that numerous individuals are unfamiliar with the basics and coverage of various types of insurance, resulting in inappropriate insurance plan choices. Additionally, some people mistakenly view insurance as a form of gambling, perceive it as uncertain, or associate it with interest. This lack of knowledge often leads to selecting insurance policies that do not benefit them, resulting in wasted money. To address this issue, an educational indoor board game called Claimbusters has been introduced. The primary objective of the game is to enhance players' knowledge and awareness about insurance, particularly targeting secondary school students. The game involves four players who are provided with seed money to purchase insurance policies. Throughout the game, players must choose suitable insurance policies related to medical, life, education, and motor insurance. The game's concept is similar to popular board games like Monopoly and Saidina but incorporates elements of insurance knowledge and rewards to achieve its educational objectives. The benefits of this board game include providing players with information about insurance in an enjoyable manner. It also helps them understand the importance of insurance, especially in challenging situations such as high medical bills, educational expenses, accidents involving transportation, and compensation in the event of the loss of family members.