3. a. Manya is a broker at an insurance firm and has a good understanding of various instruments sold in the Indian insurance Markets. She is now curious about the products sold under the life insurance policy and the constituents who will help a client in this process. You are therefore required to help Manya understand various life insurance policies along with the participants involved in such a market. (5 Marks) 3. b. Ramya started her handmade bags business 5 years ago and is now starting a new project of cotton clothes for which, she needs a huge amount of capital. Her friends suggested she approach Venture Capitalists for her capital requirements. In the light of the above case, explain to Ramya the concept of Venture Capital and the stage of funding involved in Venture Capital Financing.