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Every station in Mission Control has a full lesson behind it: what the topic is, the rules in force today, a worked illustration and the points people most often get wrong. 355 lessons are open, each independently fact-checked before publication.

General Insurance

Motor, health, fire, marine, liability, cyber and the claims that test them.

  1. What is General Insurance?
  2. Types of General Insurance
  3. Principle of Indemnity
  4. Utmost Good Faith (Uberrima Fides)
  5. Subrogation
  6. Contribution
  7. Insurable Interest
  8. Proximate Cause

Motor Insurance

intermediate · 8 lessons
  1. Types of Motor Policies (TP, Comprehensive, OD, Add-ons)
  2. IDV Explained with Calculation Examples
  3. NCB Calculation & Transfer Rules
  4. Claim Settlement (Partial Loss)
  5. Total Loss & Constructive Total Loss
  6. Motor Accident Claims Tribunal (MACT)
  7. Common Motor Insurance Frauds
  8. Disputes: Arbitration, Ombudsman & Grievances

Health Insurance

intermediate · 8 lessons
  1. Types of Health Insurance
  2. Room Rent Capping
  3. Co-pay & Deductible
  4. Waiting Period Types
  5. Pre-Existing Disease Disclosure
  6. Claim Repudiation Cases
  7. IRDAI Health Insurance Guidelines
  8. Ombudsman Case Summaries

Fire Insurance

intermediate · 5 lessons
  1. Standard Fire Policy
  2. Standard Fire & Special Perils Policy (SFSP) and Industrial All Risks (IAR)
  3. Add-ons & Extensions in Fire Insurance
  4. Consequential Loss (Fire Loss of Profits)
  5. Fire Insurance Claims Process

Marine Insurance

advanced · 5 lessons
  1. Inland Marine Insurance
  2. Marine Cargo Insurance
  3. Institute Cargo Clauses (ICC) — Detailed Analysis
  4. General Average
  5. Marine Insurance Claims Documentation

Burglary Insurance

intermediate · 3 lessons
  1. Scope & Coverage
  2. First Loss Policy
  3. Claims & Disputes

Liability Insurance

advanced · 4 lessons
  1. Public Liability Insurance
  2. Product Liability Insurance
  3. Commercial General Liability (CGL)
  4. Liability Insurance Claims & Disputes
  1. Scope & Coverage
  2. Claims-Made Basis
  3. Common Professions Covered

Engineering Insurance

advanced · 5 lessons
  1. Contractors All Risk (CAR)
  2. Erection All Risk (EAR)
  3. Contractors Plant & Machinery (CPM)
  4. Boiler & Pressure Plant Insurance
  5. Engineering Insurance Claims

Cyber Insurance

advanced · 5 lessons
  1. Cyber Insurance Coverage
  2. Key Exclusions
  3. Indian Cyber Risk Landscape
  4. Cyber Claims Process
  5. Cyber Insurance Case Studies

Employees' Compensation Insurance

intermediate · 5 lessons
  1. The Law Today: Code on Social Security, Chapter VII
  2. Who Is Covered and When the Employer Is Liable
  3. How Compensation Is Worked Out
  4. Claims, Delay, Appeals and Penalties
  5. Insuring the Liability: Employees' Compensation Policy
  1. Claim Intimation Process
  2. Documents Checklist (Product-wise)
  3. Surveyor's Role & Loss Assessment
  4. Negotiation Tactics
  5. Legal Escalation Process
  6. Arbitration: How It Works
  7. Ombudsman Filing Process

Life Insurance

Term cover, key-man, the MWP Act, pensions and life claims.

Life Insurance

intermediate · 8 lessons
  1. Types of Life Insurance Policies
  2. Sum Assured & Premium Calculation
  3. Underwriting Process
  4. Nominations, Assignments & Claims
  5. Tax Benefits & Financial Planning
  6. ULIP Detailed Guide
  7. Riders & Add-ons
  8. IRDAI Regulations & Policy Servicing

Term Insurance

intermediate · 8 lessons
  1. Pure Term Plans — Structure, Benefits & Limitations
  2. Return of Premium (TROP) Term Plans
  3. Group Term Life Insurance
  4. Increasing & Decreasing Term Plans
  5. Term Plan Riders — Accidental Death, Critical Illness, Waiver of Premium
  6. Claim Settlement Process & Documentation
  7. Term Insurance for NRIs
  8. Comparison Framework — How to Evaluate Term Plans

Pension & Retirement Planning

advanced · 8 lessons
  1. Annuity Plans — Immediate vs Deferred, Types of Annuity Options
  2. National Pension System (NPS) — Structure, Fund Choices & Tax Benefits
  3. Pension Plans by Life Insurers — Guaranteed vs Market-Linked
  4. Retirement Corpus Calculation — Income Replacement & Inflation Adjustment
  5. Commutation Rules — How Much Can Be Withdrawn as Lump Sum
  6. Vesting & Surrender — Rights, Lock-in & IRDAI Regulations
  7. Corporate Pension Schemes — Superannuation Fund Management
  8. Senior Citizen Insurance Planning — Health + Pension Integration
  1. Death Claim Process — Documents, Timelines & IRDAI Mandates
  2. Maturity & Survival Benefit Claims
  3. Rider Claims — Accidental Death, Critical Illness, Disability
  4. Nomination vs Legal Heir — Disputes & Resolution
  5. Claim Investigation — When & Why Insurers Investigate
  6. Repudiation & Contestability — Section 45 Deep Dive
  7. Insurance Ombudsman for Life Insurance Claims
  8. Landmark Court Cases in Life Insurance Claims

Married Women's Property Act

advanced · 8 lessons
  1. MWP Act, 1874 — History, Purpose & Legal Framework
  2. Section 6 — Creating a Trust Under MWP
  3. Who Can Buy MWP Policies — Eligibility & Restrictions
  4. Benefits — What Section 6 Protects, and Its Limits
  5. Trustee Appointment — Roles, Responsibilities & Legal Requirements
  6. Claim Process Under MWP — Documentation & Disbursement
  7. MWP vs Regular Life Insurance — Comparative Analysis
  8. Common Mistakes & Disputes — Misreadings, Fraud Allegations & Complaints

Key Man Insurance

advanced · 8 lessons
  1. What is Key Man Insurance — Definition, Purpose & Legal Framework
  2. Identifying Key Personnel — Who Qualifies as a Key Person
  3. Valuation Methods — Income Multiplier, Replacement Cost, Contribution to Profits
  4. Policy Structure — Ownership, Premium Payment & Benefit Assignment
  5. Tax Treatment — Premium as Business Expenditure, Proceeds as Business Income
  6. Claim Scenarios — Death Claims, Timelines & Tax on Proceeds
  7. Key Man Insurance for Partners & Directors
  8. Illustrative Scenarios — Applying Key Man Insurance Rules

Employer-Employee Insurance

advanced · 8 lessons
  1. Employer-Employee Insurance Framework — Structure & IRDAI Guidelines
  2. Group Term Life Insurance — Structure, Benefits & Administration
  3. Group Gratuity Plans — Funding, Tax Benefits & IRDAI Norms
  4. Group Superannuation — Defined Benefit vs Defined Contribution
  5. Group Leave Encashment — Policy Structure & Tax Treatment
  6. Employees' State Insurance (ESI) vs Private Group Cover
  7. Tax Treatment for Employers — Deductions and the Actual-Payment Rule
  8. Employee Benefits Design — Structuring Comprehensive Packages
  1. Human Life Value (HLV) — How the Estimate Is Worked Out
  2. Insurance & Estate Planning — Will, Trust & Succession
  3. ULIP and Mutual Fund — How the Two Structures Differ
  4. Life Insurance for Business — Buy-Sell Agreements & Business Succession
  5. Reinsurance in Life Insurance — How Risk is Shared
  6. Actuarial Basics — Mortality Tables, Life Expectancy & Premium Pricing
  7. Digital Life Insurance — Online Sales, Automated Tools & Instant Issue
  8. Indian Life Insurance — Recent Legal Changes, Government Schemes & Embedded Cover

Health Insurance

Indemnity plans, critical illness, top-ups, group health and health claims.

Health Insurance

intermediate · 8 lessons
  1. Types of Health Insurance Policies
  2. Premium Calculation & Portability
  3. Room Rent, Co-pay & Deductibles
  4. Waiting Periods & Pre-Existing Diseases
  5. Cashless & Reimbursement Claims
  6. Claim Repudiation & Common Rejections
  7. IRDAI Health Insurance Guidelines
  8. Ombudsman & Grievance Redressal

Top-Up & Super Top-Up Plans

intermediate · 8 lessons
  1. Understanding Deductible-Based Health Plans
  2. Top-Up Plans — How They Work, When They Pay
  3. Super Top-Up Plans — The Aggregate Deductible
  4. Combining a Base Policy with a Super Top-Up
  5. Claim Scenarios — Single Claim vs Multiple Claims in a Year
  6. Premium Comparison — Base Plan Enhancement vs Standalone High SI
  7. Top-Ups for Senior Citizens — Rules & Limitations
  8. Common Mistakes in Deductible-Based Health Plans

Critical Illness Insurance

intermediate · 8 lessons
  1. What is Critical Illness Insurance — Definition, Coverage & Trigger Events
  2. Covered Conditions — Heart Attack, Stroke, Cancer, Kidney Failure
  3. Survival Period & Claim Conditions
  4. Lump Sum vs Indemnity — How Critical Illness Payouts Work
  5. Critical Illness Riders vs Standalone Policies
  6. Tax Treatment — Premium Deduction (Section 126) and GST
  7. Claim Scenarios — Illustrative Approvals, Rejections & Disputes
  8. Choosing the Right Critical Illness Cover — Comparison Framework

Personal Accident Insurance

intermediate · 8 lessons
  1. Personal Accident Insurance — Definition, Structure & Coverage
  2. Accidental Death Benefit — Coverage, Exclusions & Claim Process
  3. Permanent Total Disability (PTD) — Definition, Assessment & Payout
  4. Permanent Partial Disability (PPD) — Schedule of Disabilities
  5. Temporary Total Disability (TTD) — Weekly Benefits & Duration
  6. Accidental Hospitalization — Medical Expenses Coverage
  7. Group Personal Accident Insurance — Employer Schemes
  8. Claim Documentation & Common Disputes

Group Health Insurance

advanced · 8 lessons
  1. Group Health Insurance — Structure, Eligibility & IRDAI Framework
  2. Sum Insured Options — Flat vs Graded, Family Definition
  3. Corporate Policy Design — Room Rent, Co-pay, Network Hospitals
  4. Pre-Existing Disease Coverage in Group Plans (Day 1 Cover)
  5. Group Mediclaim vs Group Health Insurance — Key Differences
  6. Claims Administration — TPA Role, Cashless Process, Reimbursement
  7. Renewal, Portability & Conversion to Individual Policy
  8. Employee Communication & Wellness Integration

Specialized Health Products

advanced · 8 lessons
  1. Arogya Sanjeevani — IRDAI Standard Product
  2. Senior Citizen Health Insurance — Age Limits, Co-pay, Exclusions
  3. Maternity & Newborn Cover — Waiting Periods, Sub-Limits
  4. Mental Health Coverage — Mental Healthcare Act 2017 Compliance
  5. Corona Kavach & Pandemic-Specific Products (Historical)
  6. Disease-Specific Plans — Cancer, Cardiac, Diabetes
  7. International Health Insurance & Travel Mediclaim
  8. Micro Health Insurance & Pradhan Mantri Jan Arogya Yojana (PMJAY)
  1. Cashless Claim Process — Pre-authorization, In-treatment, Discharge
  2. Reimbursement Claim Process — Documentation Checklist
  3. Day Care Procedures — Eligible Treatments & Claim Filing
  4. Domiciliary Hospitalization Claims — When Hospital Treatment Moves Home
  5. Claim Rejection Analysis — Common Reasons & How to Avoid Them
  6. Claim Enhancement & Negotiation — Working with TPA
  7. Second Opinion & Treatment Abroad
  8. Health Insurance Fraud — Detection, Prevention & Legal Consequences
  1. Portability Rules — IRDAI Guidelines, Process & Timeline
  2. Migration vs Portability — Key Differences
  3. Health Insurance Taxation — Section 126 Deduction (old Section 80D) & GST
  4. Loss Ratio & Its Impact on Renewal Premiums
  5. TPA (Third Party Administrator) — Role, Selection & Performance
  6. Network Hospital Management — Empanelment & De-empanelment
  7. Health Insurance Regulatory Framework — IRDAI Circulars & Updates
  8. Technology Trends in Health Insurance — Telemedicine, Wearables, AI

Mutual Funds

How funds work, their structure, scheme types, NAV and costs, tax and risk.

Investment Landscape

beginner · 8 lessons
  1. Why People Invest — Needs vs Wants vs Goals
  2. Savings vs Investment — The Critical Difference
  3. Asset Classes — Equity, Debt, Gold, Real Estate
  4. Understanding Investment Risk
  5. Risk Profiling — Capacity and Willingness to Take Risk
  6. Power of Compounding
  7. Inflation — The Silent Wealth Destroyer
  8. Asset Allocation — Don't Put All Eggs in One Basket

What is a Mutual Fund?

beginner · 7 lessons
  1. Concept of a Mutual Fund — Pooling Money Together
  2. How Mutual Funds Work — NAV, Units, Folio
  3. Growth of Mutual Fund Industry in India
  4. Role of Mutual Funds in the Economy
  5. Advantages of Mutual Fund Investing
  6. Common Misconceptions About Mutual Funds
  7. Mutual Funds vs Other Investments

Fund Structure & Key Players

intermediate · 6 lessons
  1. Three-Tier Structure — Sponsor, Trustee, AMC
  2. Role of the Sponsor & Trustee
  3. Role of the AMC (Asset Management Company)
  4. Role of Custodian, RTA & Auditor
  5. Role of SEBI — The Regulator
  6. Role of AMFI — Industry Association & ARN

Legal & Regulatory Framework

intermediate · 8 lessons
  1. SEBI (Mutual Funds) Regulations — Overview
  2. Offer Document — SID, SAI & KIM Explained
  3. Key Information Memorandum — What to Check
  4. Scheme Information Document — Deep Dive
  5. Investor Rights & Obligations
  6. Advertisement & Sales Literature Guidelines
  7. Code of Conduct for Mutual Fund Distributors
  8. SEBI Circulars — Recent Important Changes

Types of Mutual Fund Schemes

intermediate · 12 lessons
  1. SEBI Categorization — From 36 to 40 Categories
  2. Equity Funds — Large Cap, Mid Cap, Small Cap, Flexi Cap, Multi Cap
  3. Equity Funds — Value, Contra, Dividend Yield, Focused
  4. Equity Funds — Sectoral & Thematic, ELSS
  5. Debt Funds — Overnight, Liquid, Money Market, Ultra Short and Short Term
  6. Debt Funds — Medium and Long Term, Dynamic Term, Corporate Bond, Credit Risk, Gilt
  7. Hybrid Funds — Conservative, Balanced, Aggressive, Dynamic Asset Allocation
  8. Solution-Oriented Funds and the New Life Cycle Funds
  9. Index Funds & ETFs — Passive Investing
  10. Fund of Funds & International Funds
  11. Reading a Category Label — What It Tells You and What It Does Not
  12. SEBI Categorisation — What Changed in 2026

NAV, Expenses & Pricing

intermediate · 7 lessons
  1. What is NAV? — Calculation & Significance
  2. Mark-to-Market & Fair Valuation Principles
  3. Total Expense Ratio (TER) — Direct vs Regular Plans
  4. Entry Load (Abolished) & Exit Load — Impact on Returns
  5. How Fund Houses Calculate NAV Daily
  6. Cut-off Timing — When Does Your NAV Apply?
  7. Segregated Portfolios (Side Pockets) — NAV, Fees and Units

Taxation of Mutual Funds

intermediate · 8 lessons
  1. Tax Treatment — Equity vs Debt vs Hybrid Funds
  2. Short-Term Capital Gains (STCG) — Rules & Rates
  3. Long-Term Capital Gains (LTCG) — Rules & Rates (Post Budget 2024)
  4. Dividend Taxation — How It Changed After 2020
  5. Stamp Duty on Mutual Fund Transactions
  6. Tax Deducted at Source (TDS) — NRI & Resident Rules
  7. ELSS — the Tax Deduction and the 3-Year Lock-in
  8. Setting Off Capital Gains & Losses — Practical Examples

Investor Services & Transactions

intermediate · 10 lessons
  1. NFO Process — New Fund Offer Explained
  2. KYC Requirements — CKYC, In-Person Verification
  3. Application Form — How to Fill Correctly
  4. Types of Transactions — Purchase, Redemption, Switch, STP
  5. Systematic Transactions — SIP, STP, SWP Setup & Operations
  6. Cut-off Time & Time Stamping Rules
  7. Account Statement, CAS & Digital Records
  8. Non-Financial Transactions — Nomination, Address Change, Transmission
  9. Investor Grievance Redressal — SCORES & Online Dispute Resolution
  10. Special Categories — NRI, Minor, HUF, Trust, Corporate

Risk, Return & Performance

advanced · 8 lessons
  1. Measuring Returns — CAGR, Absolute, XIRR, Rolling Returns
  2. Benchmark & Alpha — Beating the Index
  3. Risk Measures — Standard Deviation, Beta, Sharpe Ratio
  4. Understanding Mutual Fund Factsheets
  5. Performance Attribution — What Drives Returns?
  6. SEBI Norms for Representing Returns
  7. Reading Fund Performance — Past Performance vs Future
  8. Portfolio Analysis — Top Holdings, Sector Allocation, AUM
  1. Where a Scheme's Facts Are Found: SID, KIM, Factsheet
  2. The Category Label and the Benchmark
  3. Risk Labels: the Riskometer and the Potential Risk Class
  4. Costs: Expense Ratio, Direct and Regular Plans, Exit Load
  5. Growth and IDCW Options: How Each Works
  6. Goal Arithmetic: an Illustration
  7. Asset Allocation, Diversification and Rebalancing: What the Words Mean
  8. Past Performance: What Must Be Shown, and the Standard Warning
  1. What is SIP & How It Works
  2. SIP vs Lump Sum Investment
  3. How Compounding Works in a SIP
  4. Rupee-Cost Averaging: Units and Average Cost
  5. Step-Up SIP, Trigger SIP & Other Variants
  6. Common Misunderstandings About SIPs
  7. SIPs at Different Life Stages: Rules to Know
  8. SIP Taxation — STCG, LTCG, ELSS
  9. SIP, STP and SWP Compared
  10. Goal-Based SIPs: The Arithmetic

How Mutual Funds Are Distributed

intermediate · 8 lessons
  1. Who Is a Mutual Fund Distributor?
  2. ARN and EUIN: the Registration Behind a Distributor
  3. How a Distributor Is Paid
  4. What a Distributor Must Disclose: Status and Commission
  5. Direct and Regular Plans
  6. Due Diligence of Large Distributors by Fund Houses
  7. Distribution Versus Advice
  8. The Code of Conduct, Checking an ARN and Where to Complain

Specialized Investment Funds

SEBI's long-short fund category inside the mutual fund framework — strategies, limits, tax and safeguards.

SIF Foundation

beginner · 5 lessons
  1. What is a Specialized Investment Fund?
  2. SIF, Mutual Funds and PMS — How They Differ
  3. The Seven SIF Strategies in Three Groups
  4. The ₹10 Lakh Threshold — How It Is Counted and Who Is Exempt
  5. SIF Tax Treatment and Who May Distribute

SIF Strategies — The Rules

intermediate · 4 lessons
  1. Equity-Oriented Long-Short Strategies — The Rules
  2. Debt-Oriented Long-Short Strategies — The Rules
  3. Hybrid and Active Asset Allocator Strategies — The Rules
  4. Exposure and Concentration Limits

SIF Operations, Tax & Distribution

intermediate · 4 lessons
  1. Investing in a SIF — KYC, Threshold, SIP, SWP and STP
  2. Redemption Frequency, Notice Period and Listing
  3. SIF Tax — Worked Illustrations
  4. Distribution — Certification and Registration

SIF Safeguards & Disclosures

advanced · 4 lessons
  1. Who May Launch a SIF — AMC Eligibility
  2. Reading the Offer Documents — ISID, Branding and the Standard Warning
  3. Risk-Band, Benchmark and Portfolio Disclosure
  4. Investor Safeguards — Threshold Breaches and Exchange Listing

Portfolio Management Services

Individually managed portfolios — service types, fees, rules, reporting and tax.

PMS Foundation

beginner · 5 lessons
  1. What is Portfolio Management Services (PMS)?
  2. Three Types of PMS — Discretionary, Non-Discretionary, Advisory
  3. PMS Fees — Fixed, Performance-Linked and the High-Water Mark
  4. PMS, Mutual Funds, SIF and AIF — How the Structures Differ
  5. The ₹50 Lakh Minimum, the Client Agreement and Disclosures

PMS Strategies, Managers & Reporting

intermediate · 3 lessons
  1. SEBI's Four PMS Strategies and Style Labels
  2. Who May Act as a Portfolio Manager — Registration and Obligations
  3. Investment Limits, Custody and Reporting to Clients

PMS Tax & Operations

intermediate · 3 lessons
  1. PMS Tax — Why Each Transaction Is Taxed in the Client's Hands
  2. Opening and Running a PMS Account — Onboarding, Custody, Statements
  3. PMS and AIF — Structural Differences
  1. Measuring Performance — TWRR, Benchmarks and What Attribution Means
  2. Leaving a PMS — Withdrawal, Exit Load and Your Rights
  3. Fee Arithmetic — How Fixed and Performance Fees Are Computed

Alternative Investment Funds

Categories I, II and III — structures, capital calls, waterfalls and tax.

AIF Foundation

beginner · 4 lessons
  1. What is an Alternative Investment Fund (AIF)?
  2. The Three AIF Categories — I, II and III
  3. AIF Tax Treatment, Tenure and Liquidity
  4. The ₹1 Crore Minimum, Accredited Investors and the Placement Memorandum

AIF Categories — A Closer Look

intermediate · 3 lessons
  1. Category I — Venture, Angel, SME, Social Impact, Infrastructure and Special Situation Funds
  2. Category II — Private Equity, Private Credit and Real Estate Funds
  3. Category III — Complex Trading Strategies and Leverage
  1. Commitments, Drawdowns and Capital Calls
  2. The Distribution Waterfall — Hurdle, Catch-Up and Carried Interest as Arithmetic
  3. Vintage, Tenure, Listing of Units and Exit

GIFT City & Global Investing

IFSC products, the LRS route and investing beyond India.

GIFT City Foundation

beginner · 4 lessons
  1. What is GIFT City (IFSC)?
  2. What Is Available in GIFT IFSC — Funds, Bank Accounts and Insurance
  3. Tax and the LRS Route — What Applies to a Resident Investor
  4. Using GIFT IFSC as a Resident — Remittance, Accounts and the 180-Day Rule

GIFT IFSC Products — A Closer Look

intermediate · 3 lessons
  1. Funds in GIFT IFSC — Retail, Restricted and Venture Capital Schemes
  2. Foreign-Currency Accounts and Deposits at IFSC Banking Units
  3. Foreign-Currency Life Insurance from IFSC Insurance Offices
  1. LRS in Detail — Limits, Permitted and Prohibited Uses
  2. TCS on Remittances and How It Is Credited
  3. Reporting Foreign Assets — Schedule FA and the Black Money Act

International Funds Foundation

beginner · 4 lessons
  1. What are International Funds?
  2. What International Diversification Means — Markets and Currency
  3. Routes to Investing Abroad — Indian Funds, LRS and GIFT IFSC
  4. How Overseas Funds Are Taxed and SEBI's Overseas Limits
  1. Global Equity Indices — What MSCI ACWI, World and Emerging Markets Cover
  2. Developed and Emerging Markets — How They Differ
  3. Fund-of-Funds, LRS and GIFT IFSC — Costs, Tax and Paperwork Compared
  1. Currency Risk — How Exchange Rates Change Rupee Returns
  2. Home Bias, Correlation and Concentration — The Concepts
  3. Cross-Border Tax — Foreign Dividends, Tax Credit and US Estate Tax

Free learning from the Trustner Group. Trustner Academy is an education initiative of the Trustner Group, whose companies work across insurance broking and investment services, with offices in Bangalore, Guwahati, Kolkata, Hyderabad and Mumbai. Everything here is for learning only — it is not advice, a recommendation or an offer of any product. Scenarios are illustrative. Rules and figures change; check the current regulation, scheme document or policy wording before acting on anything.

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