Golden Shield

ICICI Lombard Health Insurance

Claim settlement ratio 97.07% (FY 2021-22)

NCB* 10%, up to 50%*

PED Waiting# 24 months#

Network Hospital 3200+

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Overview of Golden Shield

Golden Shield is ICICI Lombard’s special health insurance plan for senior citizens aged 56 years and older. The company understands that as we age, our body needs change and we need special care and treatment to keep ourselves fit and healthy. The plan offers senior citizens the benefit of free health check-ups every year, tax benefits under Section 80D of the Income Tax Act, 1961, and coverage for road and air ambulance services.

USP Features of ICICI Golden Shield

  • Cashless hospitalisation
  • Cost coverage for AYUSH treatments
  • Reset benefit enabling the insured to reset 100% of the sum insured for one time during the policy term, if it has been completely exhausted during that particular term
  • E-counselling, teleconsultations, care calls, second opinions for terminal illnesses, yoga and meditation sessions, etc.
  • A cumulative bonus is guaranteed for every claim-free year
  • Treatment costs for cataracts and other modern treatments covered

What’s Not Covered Under ICICI Golden Shield?

  • Treatment cost for self-inflicted injury
  • Cosmetic surgery
  • Pre-existing diseases until the waiting period of 2 years
  • Civil war injury
  • Treatment of sexually transmitted diseases except for HIV/AIDS
  • Dental treatment due to accident

Frequently asked questions

Some of the most popular insurance products offered by ICICI Lombard General Insurance are:

  • Travel Insurance
  • Bike Insurance
  • Motor Insurance
  • Home Insurance
  • Health Insurance
  • Business Insurance

The plan is designed to cover a wide array of treatment costs, such as:
  • Maternity benefit
  • Pre- and post-hospitalisation expenses
  • Emergency services
  • Outpatient treatment
  • Day care procedures 
  • Donor expenses

Generally, expenses related to hospitalisation due to pregnancy-related complications, infertility, or abortions are excluded from coverage under the plan.

No, every insurer has a specific claim settlement ratio and it would not settle more than that. For instance, if the insurer has a 95% CSR, it means that it pays out 95 out of 100 claims received.

Yes, you are free to buy multiple health insurance policies from different insurers. This would ensure you wider coverage and also a variety of benefits.

* 10% Cumulative Bonus (CB) of the Sum Insured annually at the end of every policy year, provided the expiring plan has been free of claims and continuously renewed with the insurer. No accumulation of Cumulative Bonus beyond 100% of the Annual Sum Insured.

# Costs pertaining to Pre-Existing Disease (PED) treatment and any direct complications arising thereof shall be excluded until the end of 24 months or 2 years of regular coverage after the start date of the first policy by the insurance company.

Other Plan Variants