In a bid to protect consumers, regulator IRDAI has proposed to prohibit insurers from issuing advertisements that make claims which are beyond reasonable expectations of performance.
The unfair and misleading advertisements will include those which fail to clearly identify the product as insurance and describe benefits that do not match the policy provisions.
The objective of the proposed regulation is to ensure that the insurers, intermediaries or insurance intermediaries adopt fair, honest, and transparent practices while issuing advertisements, and avoid practices that tend to impair the confidence of the public.
Another objective of the proposed regulation is to ensure that the publicity material is relevant, fair, and in simple language, enabling informed decision making.
An estimated 7,000 Cape fur seals have been discovered dead at a breeding colony in central Namibia, scientists have said.
The cause of the mass die off is yet to be established but scientists suspect anything from pollutants or bacterial infection to malnutrition.
Some of the dead females found were “thin-looking, emaciated, with very little fat reserves. Scientists are collecting samples for testing.
In 1994 some 10,000 seals died and 15,000 foetuses were aborted in a mass die off that was linked to starvation suspected to have resulted from a shortage of fish as well as from a bacterial infection at another breeding colony.
Japan’s prime minister, Yoshihide Suga, has declared that the country will become carbon neutral by 2050, signalling a new shift towards climate emergency by the world’s third-biggest economy.
Japan had come under pressure to strengthen its climate commitments after initially saying that it would achieve an 80% reduction in emissions by 2050 followed by carbon neutrality as soon as possible in the second half of the century.
The policy shift brings Japan into line with the European Union, which set itself a similar target last year, while China recently announced it would become carbon-free by 2060.
Doubts remain about Japan’s ability to achieve that goal given its heavy reliance on coal and other fossil fuels, and public opposition to increasing nuclear’s share of the energy mix.