Q.

Which One of the Following Statements, is In-Correct?

A. Under Mutuality, the Funds of Various Individuals, are combined.
B. Mutuality is also known as Pooling.
C. Under Mutuality, We have the Funds flowing from One Source to Many.
D. Mutuality provides Protection against the Economic Loss, arising as a Result of One’s Un- Timely Death. This Loss is shouldered and addressed through having a Fund, that pools the Contributions of Many, Who have entered into the Life Assurance Contracts.
Answer» C. Under Mutuality, We have the Funds flowing from One Source to Many.
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Insurance Exam (LIFE)

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