Best cheapest schengen visa travel insurance

Best and cheapest Schengen visa Insurance in India

The Schengen visa allows travellers to visit any of the 26 member countries (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland) without requiring a specific visa for each country. The traveller needs to just apply for single Schengen visa and inform the authorities about the countries they are likely to visit. Firstly, it is mandatory for the traveller to buy travel insurance for Schengen visa and since it is mandatory to have Travel Insurance when one is travelling to Europe, the traveller should ensure they have a comprehensive coverage in place. Secondly the minimum sum insured coverage for Accident & Sickness (A&S) needs to be €30,000 (currently approx. USD $40,000 / ₹ 24,00,000). Without these conditions being met, no visa is granted for entry to any of the Schengen countries.

For the traveller, it is equally important to understand that the cost of healthcare is significantly higher when compared to India and hence the traveller is advised to opt for a (A&S) coverage of atleast $250,000, but ideally $500,000 (₹INR 3.5 crores) under the plan they choose to buy. Also, given that almost all Indians travel to Europe on a holiday, one could suffer a non-medical emergency like a Trip Cancellation/Interruption, Loss of Passport, Baggage Delay/Loss, Missed Flight, Flight Delay or even a Bounced Hotel and hence ensure that the travel insurance plan that is being chosen also has a comprehensive range of non-medical coverages as well.

Currently Indian insurance companies like Tata AIG, Bajaj Allianz, Future Generali, Religare Health and Royal Sundaram have Best travel insurance for Schengen visa for insureds travelling to Schengen countries. However it is not mandatory to buy a Schengen specific plan, one can opt for an Excluding Americas (Rest of the World) plan as well which is offered by all insurance companies, including the ones mentioned above.