as per the master policyholders requirements and subject to the provisions of prevailing regulations, the lead company shall allow the borrowers under the scheme to have insurance of their choice outside the scheme and after allowing such specific requests the number of lives insured under the scheme should not be less than 90% of the new business written during the policy period. master policyholder shall initiate all possible steps to explain the advantages of availing in-house insurance facility to avoid the possible anti-selection. if the no of lives insured under the scheme are less than the threshold limit mentioned above, the lead company reserves the right to cancel the policy subject to written notice of 2 months.