To get a Schengen visa, travellers must submit a travel insurance policy that fully complies with the mandatory guidelines set by the European Union. Even if every other document is perfect, a visa application can be rejected if the insurance does not meet EU standards.

Not all travel insurance plans are automatically qualified. The policy must offer minimum medical coverage of €30,000, include emergency hospitalisation and repatriation of remains, and remain valid across all 29 Schengen countries. Choosing the right insurer is essential not just for visa approval but also for peace of mind during your trip.

Below is a detailed comparison of insurers that offer Schengen-friendly travel insurance plans.

List of Top Insurance Companies That Provide Schengen Visa-Friendly Travel Insurance

Choosing a reputable travel insurer for your Schengen-friendly travel insurance policy is crucial, as there are specific mandatory requirements that the insurance policy must cover to obtain a Schengen visa. 

Read more to get a comparative analysis of different insurers to get Schengen travel insurance for your Schengen visa:

1. ACKO Travel Insurance
   

ACKO issues a Schengen-compliant insurance certificate, which is required for visa submission. As a digital-first insurer, ACKO offers a fast, paperless process with affordable premiums starting at ₹45* per day at 0% GST.

Types of Coverage

• ACKO provides $500,000 medical coverage with their international travel insurance plan to handle all medical bills.
• The standard plan covers all essential risks in a travel plan. For instance, if you miss your flight, the company provides $1,000 trip cover.
• ACKO provides $500 with their international travel insurance plan to cover lost baggage.
• The Comfort Plan does not have any specific exclusions, but it has the common travel insurance exclusions.

Insurance Price

• A solo trip to France for 17 days will cost around ₹770 for a standard plan and ₹1,130 for a comfort trip.

CSR (Claim Settlement Ratio)

• ACKO maintained a CSR of 99.91% in the last 3 months of 2023-24.

2. Tata AIG Travel Insurance
   

Tata AIG is a travel insurance company in India that provides coverage up to $10 lakh per traveller. The plans at TATA AIG start at ₹24.8* per day.

Types of Coverage

• The Tata AIG has Silver, Platinum and Titanium plans that can offer coverage of up to $10 lakh.
• The Silver Plus covers a sum insured of $100,000, whereas the Titanium plan covers a sum insured of $750,000.

Insurance Price

• A 17-day solo trip to France starts at ₹940 and can cost up to ₹1900 for the Platinum Plus plan.
• The cost is approximately ₹935 for a standard plan and ₹1,882 for a comfort trip.

CSR

• Tata AIG maintained a CSR of 95.43% in the last  3 months of 2023-24. A high CSR helps you believe that your insurer will pay any legitimate claim that you raise.

3. HDFC ERGO Travel Insurance
   

The HDFC ERGO travel insurance offers insurance plans for a Schengen travel visa. The company boasts of providing “no pre-health checkup facility” and “paperless service” for its customers.

Types of Coverage

• The company offers three types of travel insurance plans for Schengen visa applicants: Silver, Gold, and Platinum Plan.
• HDFC ERGO provides 5, 16 and 22 benefits in their silver, gold and platinum plans.
• The basic plan covers medical policies only. Whereas the platinum and silver plans cover baggage and travel as well.
• For a Schengen visa, the Platinum plan is recommended.

Insurance Price

• The insurance Price for an individual adult trip to France for 17 days can cost between ₹632 and ₹1,159 among its Silver, Gold and Platinum plans. (This price is for a $100,000 sum insured)

CSR

• HDFC ERGO maintained a CSR of 99.16% in the last  3 months of 2023-24. This makes it a trustworthy insurer.

4. Reliance Travel Insurance
   

Reliance Travel Insurance offers three travel insurance plans for the Schengen visa, providing a sum insured of up to $500,000.

Types of Coverage

• The company provides silver, gold and platinum plans where the sum insured ranges from $100,000 to $500,000.

Insurance Price

• An individual trip to France for 17 days can cost ₹837 for their Silver plan and can go up to ₹1270 in their Platinum plan.
• The platinum plan is recommended for an individual trip to France for a Schengen visa.

CSR

• Reliance Travel Insurance maintained a CSR of 99.57% in the last  3 months of 2023-24, making it a trustworthy choice as an insurer.

*The insurance prices are subject to change. Please visit the official website of each insurer to get a detailed idea of the cost.

4 Things to Know While Buying a Schengen-Friendly Travel Insurance 

Here are a few things you should remember while purchasing travel insurance for easy approval of a Schengen visa.

1. Ensure that your insurer provides a minimum coverage of €30,000 across all 29 Schengen countries.
2. Check if your insurance has a network of hospitals at your destination and is capable of providing emergency evacuation services in case of an emergency.
3. Try to opt for the mid-level plan or the top plan when purchasing a travel insurance plan for a Schengen visa.
4. Disclose your Pre-Existing Diseases to your insurer if any. This will reduce the chance of claim denial.

Which Travel Insurance Should You Choose for Visiting Schengen Countries?

All the insurers discussed, ACKO Travel Insurance, Tata AIG, HDFC ERGO, and Reliance Travel Insurance, offer travel insurance plans that meet Schengen visa requirements. ACKO is often preferred for its digital-first process and comparatively affordable premiums for standard coverage. 

Tata AIG provides higher medical coverage options, with sums insured going up to $750,000, suitable for longer or multi-country trips. HDFC ERGO and Reliance Travel Insurance offer balanced plans with competitive pricing and strong claim settlement records, making them reliable choices for comprehensive Schengen travel protection.