Which regulatory body proposed a new financial product combining Mutual Funds (MFs) with Term Life Insurance (TLI) in January 2025?

1
Reserve Bank of India (RBI)
2
Insurance Regulatory and Development Authority of India (IRDAI)
3
Securities and Exchange Board of India (SEBI)
4
Pension Fund Regulatory and Development Authority (PFRDA)
5
National Stock Exchange (NSE)

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