ICICI Lombard Golden Shield Health Plan For Senior Citizens
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ICICI Lombard Health Insurance ICICI Lombard Health Insurance ★ 4.4

Golden Shield Plan

Golden Shield Plan by ICICI Lombard offers multiple health care featur ...Read More

Up to 3 Crores
Sum insured
1
No. of plans
320+
Pan India presence
97.16%
Claim settlement ratio
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🛡️ IRDAI Approved
⭐ 4.4/5 · 2,704 reviews
🏥 10,600+ hospitals
📊 2.69 solvency ratio
✅ 97.16% claim settlement

About Golden Shield Plan

A quick read on what this ICICI Lombard Health Insurance plan covers and why it might be a fit for you.

Golden Shield Plan by ICICI Lombard is designed especially for senior citizens and to cater to all their health care needs. With growing age, the human body is prone to illnesses and diseases which is why it is essential to provide the best medical care needed. Keeping senior citizens in mind, ICICI Lombard Golden Shield Plan was designed for individuals aged 56 years and above. Like all healthcare plans, Golden Shield by ICICI Lombard covers unpredicted medical emergencies and hospitalization expenses. The plan offers a high sum insured with various features included in the policy:

  • Reset Benefit
  • Coverage for ambulance
  • Cashless Hospitalization
  • Care Management Program
  • AYUSH Treatments, and more.

ICICI Lombard Golden Shield also provides insured individuals with optional coverage features like a claim protector, modification of base co-payment, and voluntary deductibles. To understand more about the plan read the article thoroughly.

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
Min- 56 years, Max- No Limit
Plan type
Senior Citizen Health Insurance
Sum insured options
₹5 L, ₹10 L, ₹20 L, ₹30 L, ₹40 L, ₹50 L
Waiting period
30 Days
Renewability
Lifelong
Policy term
1/2/3 Years

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Reset Benefit
  • Coverage for Ambulance
  • Cashless Hospitalization

Cons

  • Maternity cover
  • New born cover
  • Daily hospital cash

What's covered

Every CMS-driven coverage flag from the plan wording — only items with a published value render below.

Hospitalization

  • Room rent Covered
  • ICU charges Covered
  • Pre-hospitalization Covered
  • Post-hospitalization Covered
  • Domiciliary hospitalization Covered
  • Day-care treatment Covered
  • OPD charges Covered
  • Covid-19 treatment Covered
  • Cataract Covered

Bonuses & restoration

  • No-claim bonus Covered
  • Automatic restoration of SI Covered
  • Daily hospital cash Not covered

Family & special care

  • Maternity cover Not covered
  • New-born baby cover Not covered
  • IVF treatment Not covered
  • AYUSH treatment Covered
  • Organ donor expenses Covered

Modern & preventive care

  • Modern treatment Covered
  • Road ambulance Covered
  • Air ambulance Covered
  • E-consultation Covered
  • Health check-up Covered
  • Second medical opinion Covered
  • Vaccination Not covered

Conditions & global

  • Co-payment Covered
  • Sub-limits Not covered
  • Compassionate travel Not covered
  • Global coverage Not covered

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

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ICICI Lombard Health Insurance Review

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ICICI Lombard Golden Shield Plan

When purchasing the Golden Shield by ICICI Lombard insured individuals are entitled to a plethora of benefits as mentioned in the policy schedule. We are listing down a few for a better understanding:

  • Care Management Program

    An optional feature included within the Golden Shield Plan by ICICI Lombard wherein the policyholder gets benefits like teleconsultations, e-counseling, care calls, health assistance, discounts on services/products, goal-based incentives, and many more such benefits.

  • Claim Protector Benefit

    Under the claim protector benefit, if a claim has been accepted under the inpatient hospitalization cover, then the items that are not payable under the claim as per the list of excluded items released by IRDAI that are related to the particular claim will become payable.

  • Voluntary Deductibles

    When this add-on benefit is opted for the deductible will be applicable on an aggregate basis for all hospitalization expenses during the policy year. The voluntary deductible option available will be 20% of the annual sum insured opted.

  • Reset Benefit

    Insured individuals can avail of a reset of the annual sum insured up to 100% of the annual sum insured unlimited times for all future claims within the same policy year not related to the illness/disease/injury for which a claim has been paid for the same insured person.

  • Tax Benefits

    Premiums paid towards the ICICI Lombard Golden Shield Plan are eligible for tax benefits as per the Income Tax Act of 1961.

Inclusions & exclusions

What the plan pays for, and what it doesn't.

Exclusions

  • Permanent diseases or health conditions that are not included under the ICICI Lombard Golden Shield policy are mentioned below:
  • Obesity and weight management surgeries
  • Change of gender treatments
  • Cosmetic or plastic surgeries
  • Treatments due to substance abuse
  • Sterility and Infertility- related treatments
  • Certain diseases and treatments are covered under this plan after a certain time period. Read the details given below in order to understand the same:
  • Pre-Existing Diseases 48 Months
  • Listed Ailments 48 Months

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • Entry age: 56 years to no maximum limit
  • Sum insured: 5 to 50 Lakhs
  • Initial waiting period: 30 days

Other features & benefits

Conclusion

In your senior years, it is imperative that you take better care of your health and wellness in order to live a long, fulfilling life. However, emergency medical expenses and complications sometimes arise without a warning. Golden Shield Plan by ICICI Lombard offers multiple health care features making sure that insured individuals have access to efficient medical care. With features like a care management program, air ambulance, a high sum insured ranging up to INR 50 Lakhs, and a co-pay reduction option the plan is an ideal plan for senior citizens.

ICICI Lombard Golden Shield Plan: FAQs

The 5 most-asked questions about Golden Shield Plan, answered.

The plan is available to insured individuals over the age of 56 years without any upper limit to the entry age.
The sum insured options available under the ICICI Golden Shield Plan range between INR 5 lakhs and 50 Lakhs.
The ICICI Lombard Golden Shield Plan can cover you and your spouse under a single cover.
The modification of co-payment is a feature that allows insured individuals to reduce the base co-pay from 50% 40 or 30, or 20%.
Yes, ICICI Lombard Golden Shield Plan is eligible for tax benefits as per the Income Tax Laws of India. All the premiums paid towards the insurance plan are eligible for tax benefits.

Conclusion

A decent health plan for senior citizens with good coverage and reset benefits, but comes with co-pa

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Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 18 Sep 2023 · Originally published: 18 Nov 2024

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