BỘ NỘI VỤ
TRƯỜNG ĐẠI HỌC LAO ĐỘNG – XÃ HỘI
Ban biên soạn:
1. Chủ trì: ThS. Trương Thị Tuyết Hạnh
2. Thành viên: ThS. Cao Thị Huyền Nga
BÀI GIẢNG
TIẾNG ANH CHUYÊN NGÀNH
BẢO HIỂM TÀI CHÍNH
ENGLISH FOR FINANCIAL
INSURANCE (Dùng đào tạo trình độ Đại học)
LƯU HÀNH NỘI BỘ
HÀ NỘI, NĂM 2025
PREFACE
To the Students
The textbook English for Insurance and Finance has been carefully designed to help
students majoring in Insurance and Finance improve their English proficiency while
developing a solid understanding of specialized concepts in their field. The material
combines linguistic knowledge with subject-specific content, enabling learners to apply
English effectively in both academic and professional environments.
Each unit focuses on essential topics such as types of insurance, financial markets, risk
management, life and health insurance, and customer services. Alongside reading
comprehension passages, vocabulary building, grammar review, translation, and
communicative practice, students are encouraged to engage in analytical thinking and
problem-solving activities related to real-life situations in the insurance and financial
sectors.
By the end of the course, students are expected to:
- Acquire essential insurance and financial terminology.
- Improve reading comprehension and translation skills in professional contexts. -
Communicate effectively with clients, colleagues, and partners using appropriate
professional English.
- Build a strong foundation for future careers in insurance, finance, and related
industries.
This textbook aims not only to enhance students’ English competence but also to foster
confidence, independence, and practical understanding of how language functions in their
future workplaces.
To the Teachers
This textbook is intended as a practical teaching resource for instructors of English
for Specific Purposes (ESP) in the fields of Insurance and Finance. It has been developed
to integrate language teaching with specialized knowledge, promoting both linguistic and
professional development.
Each unit includes a balanced combination of reading passages, vocabulary
exercises, grammar points, translation practice, and communicative tasks. Teachers are
encouraged to adapt these materials flexibly, depending on students’ proficiency levels and
learning needs. Supplementary activities such as discussions, simulations, or case
studies may also be introduced to enhance learner motivation and real-world applicability.
The text can be used for classroom instruction, blended learning, or guided self study. Its
modular design allows teachers to focus on skills or topics as required by their curriculum.
The goal of this textbook is to create an interactive and professional
learning environment where students not only learn English but also acquire the
communicative competence and conceptual understanding necessary for success in the
insurance and finance sectors.
ii
TABLE OF CONTENTS
PREFACE........................................................................................................................i
UNIT 1: TYPES OF INSURANCE..............................................................................1 I.
READING COMPREHENSION..........................................................................1 II.
GRAMMAR REVIEW: Relative Pronouns and Adverb Pronouns.................4 III.
WORD-STUDY ...................................................................................................5 IV.
TRANSLATION...................................................................................................8 V.
OVER TO YOU .....................................................................................................8
LESSON REVISION .................................................................................................9
UNIT 2: INSURANCE CONTRACT ........................................................................23 I.
READING COMPREHENSION........................................................................23 II.
GRAMMAR REVIEW: Clauses of purpose ....................................................26 III.
WORD-STUDY .................................................................................................28 IV.
TRANSLATION.................................................................................................31 V.
OVER TO YOU ...................................................................................................32
LESSON REVISION ...............................................................................................32
UNIT 3: FINANCIAL INSURANCE.........................................................................40 I.
READING COMPREHENSION........................................................................41 II.
GRAMMAR REVIEW: Gerund vs Infinitive..................................................43 III.
WORD-STUDY .................................................................................................44 IV.
TRANSLATION.................................................................................................47 V.
OVER TO YOU ...................................................................................................48
LESSON REVISION ...............................................................................................49
UNIT 4: RISK MANAGEMENT...............................................................................57 I.
READING COMPREHENSION........................................................................57 II.
GRAMMAR REVIEW: Relative Clause ..........................................................60 III.
WORD-STUDY .................................................................................................62 IV.
TRANSLATION.................................................................................................65 V.
OVER TO YOU ...................................................................................................66
LESSON REVISION ...............................................................................................67
UNIT 5: LIFE INSURANCE......................................................................................75 I.
READING COMPREHENSION........................................................................76 II.
GRAMMAR REVIEW: Reduced Relative Clause ..........................................79 III.
WORD-STUDY .................................................................................................81 IV.
TRANSLATION.................................................................................................83 V.
OVER TO YOU ...................................................................................................83
LESSON REVISION ...............................................................................................84
UNIT 6: UNEMPLOYMENT INSURANCE............................................................95 I.
READING COMPREHENSION........................................................................95 II.
GRAMMAR REVIEW: Will & Going to .........................................................97 III.
WORD-STUDY .................................................................................................99 IV.
TRANSLATION...............................................................................................101 V.
OVER TO YOU .................................................................................................102
LESSON REVISION .............................................................................................103
UNIT 7: LIABILITY INSURANCE........................................................................114 I.
READING COMPREHENSION......................................................................114 II.
GRAMMAR REVIEW: Both...and, neither...nor, either...or........................116 III.
WORD-STUDY ...............................................................................................118 IV.
TRANSLATION...............................................................................................120 V.
OVER TO YOU .................................................................................................120
LESSON REVISION .............................................................................................121
UNIT 8: INDEMNITY ..............................................................................................130 I.
READING COMPREHENSION .........................................................................130 II.
GRAMMAR REVIEW: Concession clauses (although/in spite of/ despite/ but/
however)..........................................................................................................132 III.
WORD-STUDY ...............................................................................................134 IV.
TRANSLATION...............................................................................................137 V.
OVER TO YOU .................................................................................................137
LESSON REVISION .............................................................................................138
REFERENCES ..........................................................................................................148
iv
UNIT 1: TYPES OF INSURANCE
Pre-reading:
1. Do you buy any kind of insurance? Why?
2. What do you think is the main purpose of insurance in people’s lives and businesses?
3. Can you name some common types of insurance that people or companies usually buy?
4. Have you or your family ever bought any kind of insurance? What kind was it and
why?
5. Why do you think insurance is important for financial security and risk management?
I. READING COMPREHENSION
WHY DO WE NEED SO MANY DIFFERENT
TYPES OF INSURANCE?
Having insurance sounds strange to people in the rural area, especially in the third
world countries and developing countries. There are various types of insurance that we
should consider before making any decision depending on your needs.
For a lot of us, it is exceedingly difficult to justify spending money on something
that we will probably never use. But we all do it, and we do it more often than we would
like. Yes, we all spend large amounts of money on insurance even though we all know that
we will probably never use it for anything. While it is true that health insurance and dental
insurance do indeed come in handy, it is much more difficult to see the reasoning behind
dropping thousands of dollars each year on home and auto insurance.
So why do we spend so much money each year on home and auto insurance when
we will probably never end up using it? The answer lies in a seemingly simple series of
questions.
Some make the decision to have an insurance based on the family, i. e they want to
protect their family against death, illness, disability and any cost affected by the accidents.
For example, if we die, insurance will provide a surviving spouse and our children. It can
help our family to cover the living cost.
Why do I need car insurance? The obvious answer to that question in Canada or the
United States is very simple. It is the law! If you own a vehicle that is being driven by