With reference to the Saral Jeevan Bima, consider the following statements.
1. Saral Jeevan Bima, is launched by the Life Insurance Corporation of India.
2. It is a regulator-mandated standard term life insurance plan offering basic protections to people who are self-employed or belong to a lower-income category.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2