Which of the following correctly describes, what the Bancassurance is 1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company. 2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover. 3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies. Select the correct answer

Answer: Option B