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Red Dwarf Lily Plant

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Just curious. The banana lily plant puts out a lily that allows new banana plants to form under it for propagation. What is the purpose of the lily on the Red Dwarf? Propagation or to allow a flower to be fertilized by a passing bee or dragonfly?

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One way is to pull the plant off the bulb one the plant is big enough. The plant will grow a new bulb and the bulb will grow a new plant. The will propagate on their own without flowering, however the specifics elude me. All i know is that i had one bulb, and now i have 3-4.

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