UN Secretary General Antonio Guterres expressed deep concern on Wednesday over Israeli air strikes in Syria, calling for "maximum restraint" to prevent further escalation.
Stephane Dujarric, a UN spokesman, said Mr Guterres was alarmed by continued Israeli breaches of Syria’s sovereignty and territorial integrity, as well as breaches of the 1974 Disengagement of Forces Agreement.
Syria said Israel launched more strikes near Damascus on Wednesday, after sectarian clashes left nearly 40 dead over two days. The battles erupted overnight in Sahnaya, near Damascus, which is home to Druze and Christian residents.
The intensifying attacks on Syria’s minority communities have raised questions about the government’s ability to rein in radical factions in its coalition.
Prime Minister Benjamin Netanyahu said that Israel had conducted a "warning action" against an "extremist group preparing to attack the Druze population" in Sahnaya.
"A stern message was conveyed to the Syrian regime. Israel expects them to act to prevent harm to the Druze community," Mr Netanyahu’s office said.
This marked Israel's first announced military strike in support of Syria's Druze community since former Syrian president Bashar Al Assad was toppled, underscoring its profound distrust of the Islamist provisional government that has succeeded him.
The move also presented another obstacle for interim President Ahmad Al Shara, as he struggles to assert authority over the fractured nation.
UN special envoy for Syria Geir Pedersen also denounced the violence as "unacceptable" and voiced concern over the risk of “further escalation of an extremely fragile situation".
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
MATCH INFO
What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru
