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Planning a trip to Madrid? Indian travelers need valid Schengen compliant travel insurance with €30,000 medical coverage. Get your instant travel insurance for Madrid visa on eindiainsurance! Here it is easy to buy online as we offer the best travel insurance for Madrid from leading insurance providers who offer a range of plans tailored to various needs and requirements of the Madrid visa consulate!
*Price calculated for a 35-year-old traveler on a 6-month trip to Madrid with $50,000 medical coverage satisfying the Schengen visa requirements.
Schengen Visa Travel Insurance is a mandatory health/travel insurance policy required for any traveler visiting Spain (including Madrid) or any other Schengen country. This insurance ensures financial protection against unexpected medical emergencies, hospitalization, evacuation, or repatriation during the trip.
Yes, according to Schengen visa guidelines, Indian citizens going to Madrid, Spain must have travel medical coverage. Since Spain is a Schengen country, applicants must submit a Schengen Visa–compliant travel insurance policy at the time of visa application. If your travel insurance does not meet all Schengen criteria, your application will likely be denied.
Indian professionals planning to work in Madrid, Spain must apply for a Type D National Work Visa. As part of the visa requirements, applicants are required to have valid health or travel insurance covering the entire duration of their stay in Spain.
The insurance must comply with Spanish visa regulations and provide adequate medical coverage during the period of employment.
eindiainsurance offers visa-compliant insurance plans suitable for long-term stays and work visas, from leading insurers such as Bajaj General, Care Health Insurance, Tata AIG, and others.
The cheapest Madrid travel insurance plan on eindiainsurance starts at only ₹21 per day from Bajaj General.
Please feel free to contact us at +91-(80)-41101026 if you have any queries.
We recommend comparing Schengen travel insurance plans based on your travel duration, age, and coverage requirements. Our partner insurers offer some of the most comprehensive and affordable plans that meet all Schengen visa requirements.
The top Indian General Insurance companies offer Schengen consulate approved travel insurance plans for Madrid. At EIndiainsurance.com, you are compare all these Schengen consulate approved travel insurance plans based on premiums and coverage benefits and buy them easily. All these plans are accepted by the Madrid country consulate and meet the €30,000 minimum Schengen visa medical coverage requirement.
While all approved insurers offer compliant plans, based on benefits, premium pricing, and claims service quality, Care Health, Tata AIG, and Bajaj General are highly recommended for Indian travelers to Madrid.
Here’s a quick comparison of leading insurers:
| Insurance Company | Key Features | Unique Selling Points |
|---|---|---|
| Care Health |
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| Tata AIG |
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| Bajaj General |
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| Reliance General |
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| HDFC Ergo |
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Looking for the best travel medical insurance for Madrid? Here's a curated list of the top 5 travel insurance plans for Madrid, ideal for Indian travelers applying for a Schengen visa.
Key Requirements for Madrid Travel Insurance:
| Requirement | Description |
|---|---|
| Schengen Approved Insurance Plan | The insurance must be from a company and a plan approved or listed by Schengen authorities. Unapproved plans will not satisfy visa requirements. |
| Minimum Medical Coverage Limit | The policy must cover at least €30,000 (approximately ₹31 lakh) for medical expenses including accidents and illnesses during your stay. |
| Validity Across Schengen Region | The insurance should be valid in all Schengen countries, not just Madrid. |
| Coverage Duration | The policy must be valid for the entire duration of your stay in the Schengen area. Partial coverage is not accepted. |
| Scope of Coverage | Should include emergency medical expenses, hospitalization, medical evacuation, and repatriation of remains to India.. |
| Cashless Hospitalization | Policy should include Cashless Hospitalization to ensure timely settlement of claims expenses by insured. |
| Deductible for Medical Expenses | Some countries require submission of a “Zero Deductible” plan for issuing a visa. Please check while applying. Most countries accept the current deductible of $50 / $100 on their policies. |
| Proof for Visa | A valid Certificate of Insurance or visa letter from the insurer confirming the above coverage is mandatory when submitting your visa application. |
The most affordable travel insurance plans still offer critical coverage to protect you abroad, including:
Indian travelers who are planning to visit Madrid, which is a Schengen country, must buy travel insurance for Madrid that fulfills the Schengen visa requirements. This insurance ensures they are financially protected in case of:
Several Indian Insurance companies offer different insurance plans which satisfies the Schengen visa requirements. These policies have different coverage benefits, exclusions and deductibles. Choosing a specific policy from this wide range of insurance plans can be a difficult process.
At EIndiaInsurance.com an Indian traveler can use the 'Compare Indian travel insurance quotes' engine which will help him/her compare insurance quotes and the benefit options. The traveler from India can select a policy that best suits his/her needs and then purchase it either by making the payment online with the help of credit/debit card or by sending a cheque to our mailing address. The policy will then be emailed to the traveler visiting Madrid.
Madrid visa travel insurance cost starts from ₹761 for 30 days. Some of the best travel insurance for Madrid from India listed below meet the Madrid visa requirements and are widely recognized by Schengen/EU embassies and consulates.
| Insurance Company | Policy Maximum | Age 35 | Age 55 | Age 75 | Age 85 |
|---|---|---|---|---|---|
| Care | €30,000 | ₹761 | ₹1,008 | ₹3,383 | ₹7,612 |
| Reliance | €50,000 | ₹924 | ₹1,050 | ₹6,013 | - |
| Bajaj General | $50,000 | ₹908 | ₹1,050 | ₹9,802 | ₹17,070 |
| Tata AIG | $50,000 | ₹1,002 | ₹1,242 | ₹6,546 | ₹19,903 |
| Royal Sundaram | $50,000 | ₹1,128 | ₹1,326 | - | - |
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| The Schengen visa travel insurance plan is specifically designed for travelers visiting Schengen Countries in Europe. It is important to note that insurance is a mandatory requirement for a visa to be granted to these countries. Visas are normally issued for 90 days for the following 29 countries: The insurance Accident & Sickness Sum Insured should be atleast 30,000 Euros |
Madrid - General Information
Spain
Madrid is the capital of Spain
Euro
31.7 lakhs
Spanish
+34
Sep-Nov, March-May
Football, Basketball, Tennis
Puerta del Sol, Plaza de Cibeles, Temple of Debod, Mercado de San Miguel, Museo Reina Sofia, Buen Retiro Park and the Crystal Palace, Plaza Mayor, Palacio Real, Gran Via.
The massive size of the Palacio Real is its most imposing feature. Madrid’s Royal Palace boasts more than 2,500 ornately decorated rooms. Built in 1764, the palace served as the royal residence.
The most famous of Madrid’s many stately plazas, the Plaza Mayor dates back to 1619, when it lay outside the city’s bounds and was used to host bullfights. During the Spanish Inquisition.
Known as the Parque del Buen Retiro or El Retiro, the park is a 350-acre spread of gardens, fountains and buildings located at the edge of the city center. Retiro Park began as a monastery in the 1500s.
The Gran Vía is known as the Broadway of Madrid because it’s “the street that never sleeps.” The grand boulevard runs through central Madrid from the Plaza de España to Calle de Alcalá.
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