Srinagar, Feb. 20 -- Insurance gets confusing after 60. Too many options. Different purposes. Limited budgets. Most seniors think they need either term insurance or health insurance. Not both. Truth is, term life insurance for senior citizens and a mediclaim policy for the family serve completely different purposes. One doesn't replace the other. Understanding the Basic Difference Term insurance pays money when you die. The family gets a lump sum amount. Mediclaim pays hospital bills when you're sick. You benefit while alive. One protects the family after you're gone. Other protects you and your family right now. Both matter. Both needed. Mediclaim policy for family and Term life insurance for senior citizens. For different reasons. Why S...