Mutual Insurance Is cooperators insurance

Mutual Insurance

Another type of insurance which is called a coefficient and cooperation. In this type purpose is not a trade thus purpose is cooperation.

Its plan is that some people become together and cellect some funds.Its purpose is taht if any person faces an accident from this groups then a help will be provide him from that fund.

For example on hundred people become together and they give a 100000 to a fund that become totally 10000000. Now everyone decie that among us if anyone will be fall in accident then we will help him from thsi fund.If many people fall in a accidentand that total income become less then tehre are tow choices.

1: is that collect more income for fund.

2: is that divide the total income placed saved for the next year.

That is the most important kind of insurance and that is also best fore everyone in this way we can help ourselves. there is no any trading in this type. Thus by cooperation we make fund by together and then payment by this. It is called a Mutual Insurance. This type is genuine for everyone. No any one can deny it. Because its gain is that everyone become together and make a fund and then everyone deposit a fund into it and also everyone become agree that if anyone will victim then he will get the income form fund for his compensation.

Remember that this type is as best as is for those people only who deposit fund are take participate into into. By this income can never helps to other. Because it is Insurance and insurance is only for those persons who take part or deposit installments into it. 

How Mutual Insurance works and what are benefits of it. We provide above with examples. Mutual Insurance is a big type and trust able type of insurance. Even by This type we can buy this Insurance for our products, like that car, Fridge, Fan, Ac, and others. 

Everyone person has a separate mind and have a different choice. But when we ask about Mutual Insurance form different persons then mostly says that, Insurance company on that time when we passed away. But when we delivered a concept of Mutual Insurance and give them awareness about this type then everyone like it. They says that this type is wonder full. We don't need for any Insurance company we can build this type in our society. We convince them that in a society many problem can be occur.

 For example if we trust on a single person and collect all the income into his account and one day if he ran away then who will be responsible. So for this Insurance company is important. Because company can never ran away. Before buying a insurance we check the x record that how this company is going and the old customer of this company are satisfied? And then we purchase the Insurance and on any accident this company will help us. So always trust on a company not on any individual.