Schengen Visa Requirements, Europe travel medical insurance.

Europe Travel Insurance - Introduction and Requirements

Europe Travel Insurance has been made convenient with the Schengen Visa. Europe Travel Insurance common visa allows you to travel to 24 schengen countries. However Schengen visa countries require visitors to have health insurance coverage. Schengen Visa insurance requirements are specified by the consulates. Traveling in Europe has been simplified with the introduction of the Schengen visa. If you are a non US citizen and intend to transit through or visit the Schengen countries, you have to obtain your Schengen visa from the Consulate of the country of your main destination. However, the proof of health insurance cover for your stay in the Schengen area has to be presented to the consulate prior to issuance of visa.

Minimum medical insurance coverage of at least €30,000
Travel medical insurance coverage for repatriation and emergency medical evacuation.
The insurance company must have an representative office in Europe.

Schengen visa insurance requirements for countries like Germany, France, Greece etc. include: An overseas education is an exciting horizon broadening experience and often results in promising career opportunities for students. Along with academics we tend to explore the surroundings during spare time. The opportunity to explore however involves the risk of an accident, sudden sickness or loss of sponsorship. Far away from home, The coverage ensures that you are not left alone during a crisis. Along with medical coverage, policies also provides bail bond to protect you while arrested or detained by police for bailable offense while abroad. Have a successful overseas education covered with appropriate plan.

How much is the travel insurance for Schengen visa?

Indian insurance companies offer specific plans at differing sum insureds for travel to Schengen countries. As the traveller will be aware, it is mandatory to have an insurance policy in place prior to applying for a Schengen visa, and the visa will not be granted without the insurance. The Schengen Visa authorities also have made it mandatory for the insurance coverage to be minimum of €30,000 (currently approx. USD $40,000 / ₹ 24,00,000) for Accident & Sickness (A&S). It is however suggested that given the cost of Healthcare throughout Europe, the traveller opts for a sum insured between $250,000 and $500,000 (₹INR 3.50 crores) to be reasonably well covered during the trip.
As one can see in the table below, the incremental cost of option for a higher sum insured is relatively low and given that the cost of a European holiday will be around ₹150,000, the cost of insurance will be around 1-1.5% even for a sum insured of $500,000. So it is advisable to opt for the maximum coverage available to enjoy a stress free holiday.

Age / Sum Insured	$30,000	$50,000	$250,000	$500,000
28 years	733	876	1,258	1,424
55 years	867	986	1,419	1,863
(Premium in ₹ INR) **

** - please note that the above premiums are for specific plans for Schengen countries

Is travel insurance mandatory for Schengen visa?

Yes, as per the Schengen visa authorities, Travel Insurance is mandatory for the applying and receiving a Schengen visa. It is important to note that the minimum health coverage (for Accident & Sickness, A&S) needs to be €30,000 (currently approx. USD $40,000 / ₹ 24,00,000). Without such an insurance plan, the visa to Schengen countries will not be granted.
It is however recommended that given the cost of Healthcare throughout Europe, the traveller opts for a sum insured between $250,000 and $500,000 (₹INR 3.50 crores) to be reasonably well covered during the trip.

Introduction and Requirements

Traveling in Europe has been simplified with the introduction of the Schengen visa. If you are a non US citizen and intend to transit through or visit the Schengen countries, you have to obtain your Schengen visa from the Consulate of the country of your main destination.
However, the proof of health insurance cover for your stay in the Schengen area has to be presented to the consulate prior to issuance of visa.

Schengen Visa

Broadly speaking, there are two types of Schengen Visa of general interest.

Business Visas
Tourist Visas

Both types can last for a maximum six months and, in that six months period, they will allow a maximum of ninety days to be spent in the Schengen Zone. You will not normally be issued with multiple Schengen Visas with one six month period so, if multiple visits are required then a multiple entry visa will be necessary.

Compare Quotes & Purchase

There are many plans with various coverages options available for side-by-side comparison and online purchase. We have created a comprehensive, easy to use Europe insurance quote engine that simplifies the process of identifying, and buying an appropriate policy that meets the visa requirements for schengen countries. Our insurance quote-compare engine helps you select, compare and purchase a policy that best meets your specific needs.

Applicants - Information

If you intend to transit through or visit any of the Schengen states for up to 90 days for either tourist or business purposes, you have to obtain your Schengen visa.
The visa can be obtained from the Consulate of the country of your main destination. If your main destination cannot be ascertained, the country you first enter is responsible for granting your visa.
Along with the proof of health insurance, the main requirements for Visa are listed below. However we advise you to confirm from the consulate if you need any additional documents.

Requirements

2 application forms (completely filled in) with photograph.
valid passport (validity must extend until at least 3 months after the end of the planned journey).
copy of itinerary with confirmed reservation, airline ticket to be presented prior to issuance of visa.
proof of sufficient means of support e.g. bank statements, proof of income or an invitation letter and sponsorship declaration from your relatives / friends in a Schengen country.
Letter from your company giving details about your business trip.
proof of health insurance cover for your stay in the Schengen area to be presented prior to issuance of visa.
visa fees (please contact the Embassy or Consulate where the application is to be lodged).
Minors traveling by themselves or with only one custodian need to contact the respective Embassy or Consulate for further requirements.