Travel Insurance for Schengen Visa

Travel Insurance for Schengen Visa

A Schengen Visa is a mandatory requirement for Indian travellers visiting the Schengen area of Europe, a region comprising 29 nations. Countries like Italy, France, Luxembourg, etc. are included in this region and for visiting them, travel insurance for Schengen visa is also a mandatory requirement. Keeping yourself covered with a suitable travel insurance policy also makes sure that emergency expenses related to medical and other aspects, which can be costly in this area, are covered easily.

Since Schengen travel insurance India is mandatory for travellers visiting the region, it becomes crucial to select a suitable travel policy that keeps one covered throughout the Schengen trip. Check out all the essential details related to Schengen travel insurance elaborated below.

Benefits of Travel Insurance for Schengen Visa

Some popular benefits one can look out for when selecting travel insurance for Schengen Visa are listed below.

1. Assistance during medical emergencies

   When in the Schengen region, assistance during medical emergencies can require major funding. Under a good Schengen travel insurance policy, one can seek immediate assistance in case of hospitalisation during emergencies like accidents or sudden illnesses. In case an emergency medical scenario needs medical evacuation, some best travel covers provide reimbursements for those expenses too.

2. Cashless claims

   Various cashless claims are also available with comprehensive medical coverage. For instance, if you avail travel insurance for Schengen visa with GoIbibo, the facility for cashless claims is available via network hospitals and healthcare facilities located in the Schengen region. It thus ensures easy claims for Indians when on an overseas trip.

3. Extensive travel loss coverage

   With Schengen travel insurance, coverage benefits related to travel losses are among the top benefits one can explore. Some identifiable losses during these trips include the likes of baggage loss, loss of important documents like a passport, missed flights, delays in receiving checked-in baggage, cancellation of trips, interruptions during planned trips, etc. Coverage for these losses is available with applicable clauses under the policy.

4. Repatriation of remains

   With the best Schengen travel cover that comes with comprehensive benefits, one can also avail assistance related to the repatriation of mortal remains in case of unfortunate demise while on an overseas trip.

5. Easy claim processing

   Insured travellers can also expect easy processes related to claims and quick reimbursements under insurance providers available with GoIbibo. The high claims settlement ratio of these insurers backs their efficient claim processes.

6. Affordable and cost-effective coverage

   Some best travel insurance policies for Schengen visa are also cost-effective with affordable. Depending on the type of policy selected and the extent of coverage provided, the policy pricing shall vary, though.

Which Countries Are Included in the Schengen Area?

A total of 29 countries are located in the Schengen area. Check them out.

1. Norway
2. Belgium
3. Greece
4. Hungary
5. Austria
6. Poland
7. Portugal
8. Iceland
9. Italy
10. Latvia
11. Croatia
12. Romania
13. Bulgaria
14. Czech Republic
15. Denmark
16. Slovakia
17. Slovenia
18. Spain
19. Liechtenstein
20. Germany
21. Estonia
22. Lithuania
23. Sweden
24. Finland
25. France
26. Luxembourg
27. Malta
28. Switzerland
29. Netherlands

For visiting one or more of these countries, you would need to secure a mandatory Schengen travel insurance policy before visa application.

Is Travel Insurance for Schengen Visa required?

Yes, you need to keep a Schengen Travel insurance policy with active status for the selected trip duration when applying for a Schengen visa. The mandatory requirement under such a travel policy relates to medical insurance coverage, with the eligibility requirements given below.

• The insurance policy shall be visa-compliant for all 29 countries located in the Schengen region.
• The sum insured under the policy must come with a coverage of at least € 30,000, which adequately provides for possible risks and losses.
• Coverage under the policy shall extend to unforeseen expenses such as medical emergencies with benefits related to medical illness, accidental injuries, repatriation of mortal remains and the like.

The final coverage benefits available under the policy shall depend on the selected travel insurance for Schengen visa.

What is Covered by Schengen Travel Insurance for the Schengen Area?

A travel insurance policy for the Schengen region primarily provides coverage related to medical and travel emergencies. Insurance providers available with GoIbibo, extend comprehensive coverage under these policies related to medical emergencies and travel support while on the trip.

Some top types of travel insurance policies you can choose from for your Schengen visa are given below. They come with different coverage benefits.

Individual coverage

In case you are travelling alone to any of the 29 Schengen countries, you can choose a Schengen travel insurance policy with individual coverage. These policies are suitable for providing coverage to both leisure and business travellers. The plan provides comprehensive coverage benefits that extend to medical as well as travel risks during the trip.

International Coverage

Under an international travel insurance policy, coverage options are available with flexible benefits that one can choose from based on personal travel requirements and preferences. Under one of these policies, the minimum sum insured requirement of EUR 30,000 can be easily selected for a Schengen region visit.

Comprehensive and extensive coverage benefits are available under these policies to provide different aspects of travel inconveniences that may arise. They can extend to losses arising out of situations like missed flights, loss of baggage, cancellation/delay in trips, emergency medical expenses, travel-related losses, loss of passport, partial permanent disability, etc., while on the trip.

Medical coverage

Financial coverage related to medical emergencies is also available under international travel insurance policies, such as the Schengen travel insurance cover. The coverage can be available for both leisure and business trips. These policies, however, do not include coverage for other travel-related risks or losses.

Student coverage

If a student is undertaking higher education in one of the Schengen countries, he/she can avail travel insurance for Schengen visa too. Coverage under these policies extends to a wide range of benefits and possible financial emergencies related to the student’s stay and education there.

How to Buy a Schengen Travel Insurance Policy?

You can buy travel insurance for Schengen visa via GoIbibo, in the following few steps only.

1. Go to the official website or app and open the ‘Travel Insurance Online’ page.
2. You will then be required to enter the Schengen country or countries you wish to visit from the available list to add to your travel itinerary. Also, enter the planned trip dates.
3. Next, explore the types of policies available on the website for your chosen country and explore the coverage benefits provided under them. Schengen travel insurance policies available on the platform come with visa compliance.
4. You can then explore the policy inclusions and also know about exclusions to the coverage.
5. Proceed to enter your personal details along with the travel details and details related to companion/s, if any.
6. You can then pay the amount of premium required to complete your Schengen travel insurance policy purchase.

On completing the policy purchase, the related documents shall be sent to your online account on the registered email ID.