Don’t confuse yourself to death people, pondering about the difference between a healthcare policy and mediclaim policy. A mediclaim policy is merely a health insurance policy that can manage your medical expenses up to the sum assured if you get hospitalized because of illness or meet with a tragic accident. Other than saving you from your financial worries, by investing in a mediclaim policy, you can enjoy tax rebate under section 80 D of Income Tax Act. As you grow old, you are burdened by the responsibilities that suddenly fall on your shoulder. There are so many reasons for which you need to save your money. Imagine you strike across a medical emergency, and you need to get hospitalized. Do you think you will be ready to shell out a huge lump sum of 50,000 to 1 Lac at a sudden go and ruin your entire financial planning? Even imagining the scenario makes you sweat profusely in terror right? This is when a mediclaim policy will jump in and rescue you from your economic miseries.