Concept and Role of Mutual Funds
Concept of a Mutual Fund; Advantages, Evolution of Mutual Funds in India Size of Industry, Growth Trends, Role of Mutual Funds in Financial Markets, Mutual Funds vis a vis other investment Options

Classification of Mutual Funds : Operational, Portfolio, Geographical, Structural classification
Organisation of Mutual Funds: Functions of Asset Management Company, Appointment and Functions of Trustees/Trust Companies , Custodian of mutual funds, Fund Sponsors, Role of AMFI

Regulation of Mutual Funds:
Guidelines by RBI and SEBI , Rights and Facilities available to investors.
Regulation of Insurance: IRDA: Role , power and functions
Essentials of insurance contracts- Distinction between General Law of contract and Insurance contract; Life and indemnity Contract.

Double Insurance: Meaning, Features
Reinsurance: Characteristics of Reinsurance, Types of Reinsurance. Reinsurance Vs. Double insurance, Methods of Reinsurance
Risk: Meaning , Definition , Peril , Hazard, Classification of hazard Classification of risk, Requirements of an Insurable risk.
Risk Management in Insurance: Need and process,
Methods of handling risk: Avoidance, Risk Reduction, Risk retention, Risk transfer, combination, Hedging method.

Calculation of Premium: Net premium, Gross premium, Methods of computation of Premium-Assessment plan, Natural premium Plan, Level Premium Plan, Mortality table-meaning, characteristics, need
Settlement of claim: Death claims, Maturity/Survival claims