Concept:Both insurance companies and commercial banks act as financial intermediaries that channel funds from savers to investors.
Explanation:Commercial banks accept deposits from customers and use those deposits to give loans and finance productive ventures.
Insurance companies collect premiums from policyholders and invest these funds in bonds, shares, and other assets.
As a result, both institutions pool small savings from many people and make them available for investment.
They are not similar because they compensate losses, act as lender of last resort, or directly maintain monetary stability.
Their common function is to gather savings and direct them into productive investment.
Answer:D. help in mobilizing savings for investment