Golden Shield Plan

Overview

The Golden Shield Plan by ICICI Lombard is designed especially for senior citizens to cater to all their healthcare 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. Keeping senior citizens in mind, the ICICI Lombard Golden Shield Plan was designed for individuals aged 56 years and above. Like all healthcare plans, Golden Shield by ICICI Lombard covers unforeseen 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 on.

Key Benefits of 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. Here are some key benefits 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 items 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, provided they are not related to the illness/disease/injury for which a claim has already 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.

Exclusions

The following permanent diseases or health conditions are not covered under the ICICI Lombard Golden Shield policy:

• 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 specific waiting periods:

• Pre-Existing Diseases: 48 Months
• Listed Ailments: 48 Months

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 warning. The Golden Shield Plan by ICICI Lombard offers multiple healthcare features, ensuring insured individuals have access to efficient medical care. With features like a care management program, air ambulance, a high sum insured up to ₹50 Lakhs, and a co-pay reduction option, the plan is ideal for senior citizens.