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The Amazing Benefits of Schengen Travel Insurance You Didn’t Know!

Last updated on December 19, 2023

A Schengen visa allows you to visit the 26 European countries that are part of the Schengen area for up to 90 days within a 180 day period. One of the mandatory requirements to apply for a Schengen visa is to have valid Schengen travel insurance that covers the entire duration of your trip.

Choosing the right travel insurance for your Schengen visa can be confusing with so many options available. This comprehensive guide will explain everything you need to know about getting Schengen visa travel insurance, from policy requirements and coverage to providers and costs.

Schengen Visa Insurance Requirements

According to the regulations set by the Schengen members, your travel policy must provide minimum coverage of €30,000 (around Rs 25 lakhs) for any illness or accident that requires hospitalization or medical treatment while traveling in Europe.

The insurance should be valid throughout the Schengen area and cover your entire period of stay. Even if you plan to visit just one country, your policy must be valid for all 26 member states.

Here are the key requirements your travel insurance must meet for a Schengen visa:

  • Minimum coverage of €30,000: Medical expenses related to any injury or illness must be covered up to €30,000. Lower coverage amounts are not accepted.
  • Validity in Schengen states: The insurance should be valid in all 26 Schengen member countries, irrespective of your travel itinerary.
  • Entire duration: The policy needs to cover your entire planned trip duration in the Schengen zone, including dates of arrival and departure.
  • Emergency medical treatment: Policy must cover emergency medical treatment and hospitalization due to any unexpected illness or accident.
  • Repatriation coverage: Expenses for repatriation to your home country for medical reasons should be covered in case of any serious illness or injury.

In addition to these fundamental requirements set by the Schengen authorities, it is also recommended your policy includes coverage for:

  • Cancellation or interruption of trip
  • Personal liability
  • Loss of passport or documents
  • Delay of checked baggage
  • Personal accident

These additional covers will provide financial protection in case your trip is unexpectedly cancelled or interrupted due to covered reasons. Personal liability will cover damages caused accidentally to a third party while passport loss and baggage delay covers will provide assistance in such problematic situations abroad.

Where to Buy Schengen Travel Insurance

Schengen visa travel insurance can be purchased from insurance providers in India as well as globally. Some options to buy suitable medical coverage for your Europe trip are:

Indian Insurance Companies

International Providers

Some global insurers like AXA and Europ Assistance offer Schengen compliant insurance plans that also include Italy, which is not part of the Schengen area:

You can also check insurance comparison sites like Policybazaar and Insubuy to find and compare various Schengen visa insurance options.

Top Schengen Insurance Providers in India

Here are some of the best travel insurance companies in India offering comprehensive and affordable medical coverage for your Schengen visa:

1. Bajaj Allianz

Bajaj Allianz offers tailored Schengen travel insurance plans like Travel Europe and Students Europe that are specially designed to meet the visa requirements. Both individual and family floater options are available.

Key benefits include:

  • €30,000 medical coverage
  • Coverage in all Schengen countries
  • Emergency medical treatment
  • Personal accident cover
  • Trip cancellation up to Rs 1 lakh
  • Loss of passport, documents, and luggage covers

Premium starts at Rs 1,055 for 7 days coverage for ages 18 to 35 years.

2. Reliance General

Reliance Europe Travel Protection policy provides extensive protection against medical emergencies as well as other uncertainties while traveling in the Schengen area.

Salient features include:

  • €30,000 medical expenses cover
  • No medical tests up to 65 years
  • Personal liability cover of €2 lakhs
  • Bail bond up to €5,000
  • Delay of checked baggage benefit
  • Automatic extension in case of travel delays

Premium begins at Rs 1,520 for 7 days coverage for age group 26 to 45 years.

3. AXA Schengen

AXA Schengen Visa policy offers comprehensive medical coverage along with good additional benefits. Plans are available for 15, 30 and 90 days trips.

Key highlights:

  • €30,000 medical expenses cover
  • Medical evacuation and repatriation
  • €50,000 personal liability cover
  • Cancellation charges up to €500
  • Delay of checked baggage benefit
  • No medical tests up to 70 years

Premium starts from Rs 1,790 for 15 days coverage for ages 18 to 35 years.

4. Care Travel Insurance

Care Insurance provides flexible Schengen travel medical policies for both individuals and groups. You can customize your plan in terms of trip duration, coverage amount and additional covers.

Notable features:

  • Minimum €30,000 medical cover
  • Covers all Schengen countries
  • Personal accident cover up to €30,000
  • Trip cancellation benefit up to €1,500
  • Loss of passport, laptop, documents, and luggage covers

Premium begins from Rs 944 for 7 days coverage with €30,000 medical expenses for age 18 to 35 years.

Key Covers in Schengen Insurance

While all Schengen policies need to provide a minimum €30,000 medical coverage, you can check these key additional covers when choosing your travel insurance:

Medical Covers

  • Emergency medical treatment: Outpatient treatment and hospitalization for any injury, accident or illness
  • Medical evacuation: Transportation to home country for advanced medical treatment
  • Repatriation of remains: Transportation of mortal remains back home in case of death
  • Dental treatment: Urgent dental treatment due to accident

Non-medical Covers

  • Personal accident: Compensation in case of permanent disability or death due to an accident
  • Trip cancellation: Reimbursement for non-refundable costs if trip is cancelled due to covered circumstances
  • Trip interruption: Reimbursement for unused portion of trip due to medical or non-medical reasons
  • Travel delay: Compensation for delays in air travel
  • Loss of passport/documents: Assistance to obtain emergency travel documents
  • Personal liability: Covers legal liability for third party injury or property damage
  • Missed connection: Reimbursement for missed flight connections due to delays
  • Baggage delay/loss: Covers costs to buy essentials in case of delay or loss of checked baggage

Schengen Travel Insurance Cost

The premium for Schengen travel insurance can range from Rs 700 to Rs 5,000 based on these key factors:

  • Age: Premiums are higher for senior citizens above 60 years
  • Trip duration: Longer trips cost more than short 1 or 2 week trips
  • Coverage amount: €50,000 or €1 lakh medical cover costs more than €30,000 minimum
  • Destinations: Plans including Italy and Switzerland along with Schengen area are more expensive
  • Additional covers: Cancellation, accident covers, etc increase the overall premium

Here are sample premiums for Schengen travel insurance for 15 days trip with €30,000 medical cover:

Age (years)Premium (in Rs aprox)
18 – 351800
36 – 452200
46 – 602800
61 – 704500
Above 705500

The premium can be paid online via credit card, debit card, net banking or mobile wallet.

Do compare plans across insurers to get the best coverage at reasonable premiums. Buying in advance also helps you benefit from lower rates.

How to Buy Schengen Insurance Online

Purchasing Schengen travel insurance online is quick and convenient. Follow these simple steps:

Step 1: Visit the insurer’s website or use an insurance aggregator site to compare different Schengen policies and premiums.

Step 2: Choose a suitable plan as per your trip duration, age, and required coverage.

Step 3: Provide basic personal and travel details like name, destination country, trip start and end dates, etc.

Step 4: Pick any optional add-on covers like cancellation, baggage loss, etc as per your needs.

Step 5: Get a premium quote instantly based on the plan details and covers selected.

Step 6: Make the payment online securely using your credit card, debit card or internet banking.

Step 7: Provide your email id to receive the policy document with invoice. Check and verify policy details.

Step 8: Print out the insurance certificate or save a soft copy on your phone to produce for the visa application.

Buying the right travel policy online upfront can make your Schengen visa application smooth and stress-free.

Schengen Insurance Comparison

Here is a comparison table of popular Schengen travel insurance plans from top providers in India to help you select the right one easily:

FeaturesBajaj AllianzCare InsuranceReliance GeneralAXA Schengen
Medical Coverage€30,000€30,000 to €50,000€30,000€30,000
Geographical ScopeSchengen countriesSchengen countriesSchengen countriesSchengen + Italy
Pre-existing diseasesExcludedExcluded after 2 yearsExcludedExcluded
Emergency medical treatmentCoveredCoveredCoveredCovered
Hospital daily allowance€50 per day, 30 days max€100 per day, 10 days max₹10,000 per day, 10 days maxNot covered
Medical evacuation & repatriationCovered €1 lakhCoveredCovered €50,000Covered €1 lakh
Dental treatmentCoveredCoveredCoveredCovered
Trip cancellation₹1 lakh€1500Not covered€500
Trip interruptionNot covered€750Not covered€250
Travel delayNot covered€100, 8 hrs delayNot covered€100, 8 hrs delay
Loss of passport€250€250€250€250
Personal accident€2 lakhs€50,000€1 lakh€10,000
Personal liability€50,000€1 lakh€2 lakhs€50,000
Baggage delayNot covered€100, 12 hrs delay€100, 12 hrs delay€100, 12 hrs delay
Premium starts from*₹1,055₹944₹1,520₹1,790

**Premium indicative for 7 days Europe trip for 18 to 35 years age group with €30,000 medical cover

This table lets you easily compare the key policy benefits, exclusions, additional covers and premiums so you can evaluate which insurer matches your requirements and budget.

In Conclusion

A Schengen visa insurance policy that comprehensively covers medical contingencies and also provides additional financial protections can lend peace of mind when traveling internationally. Review policy coverage, exclusions, claims process, etc. thoroughly before purchasing from a trusted insurer. With the right coverage, you can enjoy your Europe trip without worrying about emergencies or expenses. Safe travels!

Frequently Asked Questions

Here are answers to some frequently asked questions about getting travel insurance for your Schengen visa:

Can I buy Schengen insurance after getting the visa?

No, you must purchase travel insurance before applying for the Schengen visa and submit the certificate with your application. Insurance bought after getting the visa is not valid.

Will my regular travel policy work for Schengen?

Your existing insurance may not meet the specific requirements set for the Schengen visa. Check if it provides minimum €30,000 cover, covers all Schengen countries, and is valid for your entire trip duration. If not, buy a separate Schengen policy.

Do I need additional insurance for Italy or Switzerland visits?

If your itinerary includes Italy or Switzerland along with Schengen countries, it is better to get a Schengen plan that also covers these non-Schengen destinations like AXA Schengen Visa policy. Alternatively, you can buy separate insurance for Italy and Switzerland.

Can I extend my Schengen insurance dates after getting the visa?

Yes, most insurers allow you to extend the policy dates by paying an additional pro-rata premium if your trip gets extended beyond the planned duration after obtaining the visa.

Does Schengen insurance cover COVID-19?

Yes, a Schengen travel policy will cover medical expenses and hospitalization due to COVID-19 just like any other illness during the trip within the specified policy limits and terms. COVID-specific plans may also be available.

Do all travellers in a family need individual insurance?

No, you can buy a family floater Schengen plan covering your spouse and dependent children in a single policy. Individual plans are needed for non-dependent parents or relatives.

Does my insurance cover multiple entry visas?

Yes, a Schengen policy covers the entire policy period you select regardless of the number of entries made during that time. The start and end dates will specify your coverage period.

Can I cancel my Schengen insurance after buying?

Free cancellation is allowed only within the specified free-look period of 10-15 days from purchase date. After that, cancellation charges apply unless you qualify for a premium refund as per policy terms.

Is Schengen insurance mandatory for children below 18 years?

There is no exemption – travel medical insurance covering the entire trip is required for all Schengen visa applicants including infants and children below 18 years of age.

Which is better – annual multi trip policy or separate Schengen insurance?

A separate Schengen policy is better as your existing annual multi-trip plan may not meet the specific requirements. Also, Schengen plans are cheaper for short 1 or 2 week trips.

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