I’m planning a trip to Europe from India and applying for a Schengen visa. How much travel insurance coverage do I need, and what should it include?
According to the rules of the matter, your travel insurance should offer at least EUR 30,000 (about USD 35,000) as medical coverage. This insurance should be actual in all Schengen region through the whole period of your stay.
The major requirements and inclusions to keep in mind are the following:
Minimum Required Coverage
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Minimum EUR 30,000 medical coverage
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Good throughout the period of your stay in Europe
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Should be valid in every country of the Schengen Area
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Ought to cover emergency health care, hospitalisation and medical evacuation
Other Recommended Coverages
Although, the minimum required is a coverage of EUR 30,000, the Indian insurance providers make plans that cover more with most plans covering up to between USD 50,000 to USD 500,000. Increased coverage will help in the case of any serious medical emergency, particularly when one lives in a country where medical services are costly.
Other Significant Involvements
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Treatment and quarantine costs of COVID-19
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Cancellations and trip delay
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Coverage for Lost Passport and Baggage During International Travel
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International 24x7 support
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European access to hospitals without money
Premium Price (Practical)
In India the Schengen travel insurance begins at INR 300 to INR 800 per one-week visit depending on your age, length of stay, and the insurance company.
The major travel insurance providers that provide Schengen-compliant insurance are HDFC ERGO, Tata AIG, ICICI Lombard, and ACKO.
When you get ready to apply to be issued with your visa, make sure that it is indicated in the policy document that it satisfies Schengen visa insurance requirements.