Insurance agents and distributors -Tactics and Mis-selling Activities
You are Rahul, a 12 th standard student whose father just decided to purchase a family health insurance cover . Your father could not understand the available policies and how to get the right one among them.
One of your friends has referred to a man who was an insurance agent and your father has visited him. The agent provided some of the plans and convinced your father to get a policy with coverage of 10 lakh and premium 7,000/year.
However a few days later your economics teacher taught a lesson on how insurance agents make money and how to detect mis-selling. You also found out that, there are cases that agents do not necessarily always recommend a good plan but the one that provides the maximum commission to them.
Crypto-currencies, Digital Assets and NFTs
You just got into 11th grade and are a very passionate tech and finance person. One day your older cousin tells you how he has made a small fortune by investing in Bitcoin and NFTs and another friend lost money since he did not know the risks.
You become curious, and you begin your journey to understand what cryptocurrencies , digital assets, and NFTs are all about and how they transform the way individuals earn, spend and invest money .
You learn that:
These are not just trends — they’re shaping the future of finance
They come with real opportunities and serious risks
Some people use them to create value , while others fall for scams or speculationSo, you decide to dig deeper into the world of digital finance and understand how students like you can be informed, not just influenced by the hype.
ULIPs vs Life Insurance – Compare the Types of Life Insurance
Ananya is a 15-year-old student who recently attended a financial literacy session in school. During the session, she learned about different types of life insurance and ULIPs. Curious to know more, she asked her parents about their insurance plans.
Her father told her that he had purchased a term insurance policy 10 years ago to ensure the family’s security in case anything happens to him. He pays a fixed premium each year, and the family will receive a lump sum if he passes away during the term.
Her mother, on the other hand, opted for a ULIP (Unit Linked Insurance Plan) 5 years ago. She pays ₹30,000 per year. Part of the money is used for life cover, and the rest is invested in equity and debt funds. She checks the fund value periodically and even switched from equity to debt when the market became volatile. She told Ananya that ULIPs give her the dual benefit of investment and insurance, and also help her plan long-term financial goals like retirement or education.
Ananya is amazed by how life insurance isn’t just about protection, but can also help people save, invest, and plan. She wants to start early and discuss with her parents how she can use this knowledge to plan for her future too.
Opportunity cost, Scarcity and Time Value of Money
Ishita is a 12-year-old girl who recently got ₹500 from her grandparents for her birthday. She’s really tempted to buy a fancy pencil case and glitter pens for school, but she also wants to save the money for a painting class she’s been dreaming about.
She’s confused because if she spends now, she won’t have enough later. Her school teacher recently spoke about how our choices come with a cost – especially when we can’t have both things at once.
Investing Money through SIPs
Aditya, a 12-year-old student in Grade 7, was passionate about coding and animation. He dreamed of owning his own laptop so he could practice and create small games. His father promised to help him but said, “You need to save and contribute at least half the cost.”
The laptop cost around ₹60,000, and Aditya had 4 years until high school to save. He received ₹1,000 as monthly allowance. His elder cousin, who had learned about investments in school, advised him to put part of his allowance into a Systematic Investment Plan (SIP).
Aditya decided that he could save around Rs.500 each month from his monthly allowances by cutting on his expenses and invest the same in SIP to buy his dream laptop and yet be left with a little savings.
What Banks Do and the Role of Banks in an Economy
You have recently opened your first savings account and received a debit card. Your parents told you that the banks have a lot more than safe-keeping money, they provide loans, guide business and propel the economy.
One day you heard that there are various forms of banks such as RBI, commercial banks, payments banks, small finance banks and neobanks and got confused on how they contribute to the lives and growth of the people and country.
Here, you are interested in finding out more about what banks actually do and why they are of concern to every person, including you as students!
Wealth Wizards Competition 3.0
Date – 8th September, Monday 2025
Time – 10AM – 4PM