Dear Sir

I happen to read recently that IRDA has brought some regulation to compel all insurance provider to provide Renewability for life .

I would like to know when this will come in effect . I have a personal medical insurance which has max renewal age of 75 yrs from last 2 years , now I want to include my wife and take a floater instead so I am just wondering whether I should wait for this regulation or better to switch to a new insurer who provides life long renewal .