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Term insurance limit by IRDA

I am a 33 yr old with a monthly salary of 50k. I have a 1 Cr term insurance from Aviva. I was trying to take a second policy from Aegon and they told me that according to IRDA, my maximum cover can be only 1.25 Cr total (all my policies) and they can give me only cover of 25L. Is this correct? Kindly advise.

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