Rebecca Summerlin Unit Understand Partnership Working in Services for Children and Young People Explain why working in partnership with others is important for children and young people Partnerships help children and young people to interact with others to achieve a common goal to a mutual benefit. In order to make a partnership work, partners need to communicate, co-ordinate and co-operate.
Insurance companies offer an array of funds out of which one can choose, based on their investment objectives, time horizon, and risk profile.
Each fund has a different element of risk and consequently offers different returns. Common types of funds available with their risk characteristics are given below: They are sometimes referred to as Money Market Funds.
Cash funds come under the low-risk category and invest in cash, bank deposits and money market instruments that have the lower risk. Income, Fixed Interest and Bond Funds: These figure in the medium risk category and invest in debt instruments like government securities, corporate bonds and other low-risk fixed income instruments.
While the returns are lower in comparison to equity, the risk is low as well. The returns from these funds are slightly higher than cash funds. Balanced or Hybrid Unit 22 understand child and young They combine equity investment with fixed interest instruments and are of medium risk in nature.
These hybrid funds give adequate exposure to stock markets as well as debt instruments. The risk inherent in equity is counterbalanced by the safer investments in debt. These ULIP funds fall in the medium to the high-risk category as they primarily invest in company stocks with the objective of capital appreciation.
Since these funds invest in the stock markets, the fund performance is in line with the highs and lows due to volatility in the stock market. Though ULIP NAV is now more understood on a per unit basis, in the strict financial sense, it refers to the net value of the assets of the firm.
Like mutual funds, ULIP policyholders are also allotted units. Each unit has a net asset value NAV that is determined and declared every day. It is the value on which net rate of returns on ULIPs are determined. Equity funds offer higher returns and are appropriate for aggressive investors willing to take high risks.
On the other hand, debt funds are less risky and consequently offer lower returns. Therefore, a ULIP plan serves all types of investors — from the risk-averse investor to an investor having a strong appetite for risk.
People looking for an avenue for investment along with insurance will find ULIPs a good choice as one stands to gain from superior market returns in addition to having an insurance cover.
To get the best returns from ULIPs, one should invest in medium to lifelong investment horizons. In any case, they come with a compulsory lock-in period of 5 years. Moreover, with the flexibility of switching between debt, equity and balanced funds with varying risk-return profiles, hands-on informed investors will find ULIPs the best investment plan as they can keep close tabs on their investment and make changes based on how the market is performing.
The fact that these ULIP plans offer insurance cover also is an added bonus. Investors across Different Life Stages ULIP plans are ideal for all kinds of investors at different stages in life as there are ULIP plans available depending on individual requirements and situations. The need for protection is low for single people who have just started their careers.
Their need for wealth creation and accumulation however is high; therefore, they can meet such needs by choosing a ULIP plan with low death benefit and allocating in equity-focused investment funds.
Someone who is married but has no children has medium protection needs but has a high need for wealth creation. Such individuals can opt for a ULIP plan with higher death benefit and choose a growth or balanced investment fund for wealth creation.
For married individuals who are also parents, the need for protection is high, as is the need for asset creation to save for children. They can achieve this by choosing a ULIP plan with increased death benefit and choose riders for enhanced protection in addition to going for balanced funds for asset creation.
People who are well settled in their jobs and have school going children have high protection as well as wealth creation needs. It is most advisable to go for a ULIP plan which allows partial withdrawals to meet such liquidity requirements.
The need for protection is in the medium range for middle-aged individuals whose children are ready to pursue higher education or plan to set up a business or plan to get married. They require lump sum money to fulfil such responsibilities and this can be achieved by ULIP plans allowing partial withdrawals.
People who are nearing retirement, whose children are independent, have low protection needs.
They require safe accumulation of funds for post-retirement needs. Such individuals can opt for debt-oriented funds and lower the death benefit of their ULIP plan. Some of the important ones are explained in detail below: ULIP plans present an opportunity to earn market linked returns.22 Level 1/2/3 Award/Certificate/Diploma in/for [subject / job role] () Unit Understand Child and Young Person Development Level: 3.
Push your learning experience beyond the classroom with the Working with Young Children mobile website. Set Induction. 1.
The children will read the Anne Frank: Beyond the Diary. 2. Read aloud to them excerpts from the picture book The Children We Remember by Chana Byers Abells to create the atmosphere..
3. Complete a KWL chart as a class on the chart tablet about WWII, Hitler, and the Holocaust.
Below is an essay on "Unit 22 Understand Child and Young Person Development" from Anti Essays, your source for research papers, essays, and term paper examples. Unit 22 Explain the sequence and rate of each aspect of development from birth – 19 years.
Unit format 27 Units 29 Unit 1: Understand Child and Young Person Development 31 Unit 2: Promote Child and Young Person Development 39 Unit 3: Understand How to Safeguard the Wellbeing of Children and Young. Christopher Morris Assignments: Unit 1 Unit 1: Understand Child & Young Person Development Explain the sequence and rate of each aspect of development from birth – 19 years Child development is a process every child goes through.