Current Affairs · Banking and Finance

With reference to the strategic partnership between AU Small Finance Bank and the Life Insurance Corporation of India (LIC) launched in July 2025, which of the following statements are correct? 1. AU SFB will distribute a wide range of LIC's life insurance products across its extensive banking network. 2. The primary aim of this collaboration is to increase insurance penetration in underserved sections of society, particularly in rural and semi-urban regions. 3. This collaboration supports the Indian government's vision of achieving 'Insurance for All by 2047'.