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Why is an insurance scheme considered to be a form of managed fund? a. They are similar to a finance company. b. The scheme pools

Why is an insurance scheme considered to be a form of managed fund?

a. They are similar to a finance company.

b. The scheme pools the insurance premiums and invests the pooled amount in wholesale investments.

c. Investors can withdraw their funds from the scheme whenever they want.

d. Insurance policy holders receive a regular return on their investment.

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