Travel Insurance for Schengen Visa

Schengen Travel Insurance

When visiting Europe’s Schengen region, Indians are mandatorily required to have a Schengen visa. When going to any of the 29 Schengen countries like France, Italy, Greece, Luxembourg, etc., you also need travel insurance for Schengen visa. Moreover, suitable travel insurance coverage comes in handy during emergencies, especially when in a country where medical and other expenses are costly.

The mandatory requirement for Schengen travel insurance for Indian nationals makes it critical to look for suitable insurance coverage when planning one of the Schengen trips. Here’s an elaboration of all the details that you need to know about Schengen travel insurance India.

Benefits of Travel Insurance for Schengen Visa

The top benefits of Schengen travel insurance India are given below -

1. Assistance during medical emergencies: Medical emergency assistance is one of the top benefits of a Schengen travel insurance policy. With comprehensive travel health insurance for Schengen visa, you can easily avail immediate assistance related to emergency hospitalisation due to an illness or accident. Reimbursements are also available for emergency medical evacuation on your Schengen trip.
2. Cashless claims: Some of the best comprehensive medical plus travel coverage plans, like with MakeMyTrip powered by BookMyForex provide the facility of cashless hospitalisation worldwide through network healthcare facilities, including in the Schengen area. This simplifies claims during your overseas trip.
3. Extensive travel loss coverage: Coverage for various travel losses is one of the top benefits of travel insurance for Schengen visas. These mostly include loss of baggage, loss of passport, delays in baggage, common carrier flight delays, missed flights, trip cancellations, interruptions to the trip, etc. with applicable clauses.
4. Repatriation of remains: In the case of the insured’s unfortunate demise while on an overseas trip, the benefits of comprehensive travel coverage extend to the repatriation of their mortal remains.
5. Easy claim processing: With top insurance providers, like MakeMyTrip powered by BookMyForex, one can also experience easy claims processing and fast reimbursements. Also, the platform’s claim settlement ratio sits high at 99%.
6. Affordable and cost-effective coverage: In present times, you can easily get affordable travel insurance for Schengen visa with coverages that come under cost-effective pricing. The cost of these policies, however, varies with the coverage types and extent of coverage included.

Which Countries Are Included in the Schengen Area?

Following is a list of countries that are included in the Schengen Area:

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

Buying a Schengen travel insurance policy provides coverage when visiting any one or more of these countries.

Is Travel Insurance for Schengen Visa required?

Yes, when applying for a Schengen visa, you mandatorily need to carry documents related to an active Schengen travel insurance policy for the specified trip duration. The policy should have valid medical insurance with the following eligibility:

• The policy sum insured should be a minimum of EUR 30,000 to cover unforeseen expenses.
• The coverage should extend to unforeseen emergencies caused by medical issues. Benefits under the coverage relate to accidental injuries, medical illnesses, or repatriation of remains.
• The Schengen travel insurance policy should also be Visa-compliant with a validity for all 29 Schengen countries.

The overall coverage under these policies shall vary with the type of Schengen travel insurance policy purchased.

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

Travel insurance for Schengen visa brings travel and medical coverage under various policy types. With MakeMyTrip powered by BookMyForex, you can avail of comprehensive coverage for travel and medical emergencies along with on-trip support.

Following are the types of travel insurance you can avail of when on a Schengen trip with their varying coverages:

• Individual coverage: For a solo trip to countries in the Schengen region, an individual Schengen travel insurance policy serves the best for both leisure and business trips. Under the plan, one can have comprehensive coverage for both travel and medical risks of the trip.
• International Coverage: An international policy type comes with flexible coverage options that the traveller can choose based on their requirements and preferences. You can easily choose the sum insured threshold of EUR 30,000 as mandated for the Schengen visa from one of these policies. These policies provide extensive coverage of various travel inconveniences, like losses related to travel, emergency medical expenses, trip cancellations/delays, baggage losses, missed flights, passport loss, partial/complete permanent disability, etc.
• Medical coverage: With international travel coverage like a Schengen travel insurance policy, you can get medical emergencies-related financial assistance. You can avail of these covers either for business or leisure trips. However, the coverage shall not include other travel-related risks and losses thereto.
• Student coverage: Students undertaking higher education in a country located in the Schengen region can avail of student travel insurance policies for Schengen visas. These policies are designed to cover most financial emergencies which a student can encounter.

How to Buy a Schengen Travel Insurance Policy?

Complete the following few steps to easily buy travel insurance for Schengen visa with MakeMyTrip powered by BookMyForex:

1. Visit the official website or app of MakeMyTrip and navigate to the ‘Travel Insurance Online’ page.
2. Next, enter the country/countries in the Schengen region listed in your travel itinerary along with the trip dates.
3. Go on to explore the policy types available for your selected country along with their coverage. Travel insurance plans for Schengen countries on this platform are Visa-compliant.
4. Proceed to check the inclusions and exclusions of the policy.
5. Then, enter personal details, travel details, and details of any companion/s.
6. At last, pay the premium amount to complete your purchase of a Schengen travel insurance policy.

Once the purchase is complete, the policy documents shall be sent to your provided email ID online.