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According to regulating resources, an enclosed panel set up by the company had inquired some of the financial commitment choices taken by the team led by Saravana Kumar while it was decreasing visibility to team organizations in line with regulating need. The change in financial commitment, according to a source, had supposedly harm the interest of customers. IRDA had requested all insurance coverage providers to reduce team visibility limit to 5% from 12.5% on Feb 16, 2013. Insurance providers were required to start trimming visibility from Apr and progressively lower it over the next few months.
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