HDFC and ICICI were in news recently over Union government concerns over foreign investment in their insurance ventures exceeding the ceiling of 26%. Which of the following statements about HDFC and ICICI Bank are correct? I.          ICICI Bank operates a life insurance JV with Prudential of the UK and a general insurance business with Lombard of Canada II.         HDFC has joint venture with Aegon of Netherlands for life insurance and Germany's Allianz for general insurance III.        Management control in the insurance businesses of both HDFC and ICICI Bank is with their foreign joint venture partners