Purchasing Travel Insurance For Your Schengen Visa Application

Applying for a Schengen short-stay visa to go to Europe requires valid travel insurance. Travelling abroad has many risks and just like any other day in your life, accidents can happen; you can get sick while on the road so it is always best to be protected.

For a Schengen visa application, travel insurance must be secured through an accredited insurance company that is Schengen-approved, meaning they must conform to the following rules, as per the Czech Republic Embassy of Manila (this is where we lodged our Schengen visa application):

1. Ensure coverage of costs incurred as a result of medical repatriation, emergency medical and hospital treatment, or death
2.  Coverage must be at least 30,000 euros
3. Coverage must be valid in the entire territory of the Schengen area
4. Cover the entire period of your stay in the Schengen are

Additionally, for applicants seeking a multiple-entry Schengen short-stay visa, it is recommended to submit travel medical insurance according to the set requirements only for the first trip to Europe. For subsequent trips, the applicant is required to sign a statement of understanding which obliges him/her to obtain travel insurance to cover such trips.

Why do I need travel insurance for my Schengen visa application?

The travel insurance will cover any expenses that may arise because of sudden medical conditions or emergencies, hospital treatment, repatriation, trip cancellation or delays, lost baggage, among others, while travelling the Schengen region. Ideally, you should get travel insurance for any domestic or international trip for your security and protection.

Where can I purchase a Schengen visa-compliant travel insurance?

The Czech Republic Embassy in Manila lists the following Philippine-based insurance companies as Schengen visa-recommended/approved:

1. ACE Insurance Philippines
2. Chartis Philippines Insurance Inc.,
3. Assist-Card
4. Blue Cross
5. BPI-MS Insurance Corporation
6. Fortune General Insurance Corporation
7. MAA Insurance
8. Malayan Insurance Company Inc.,
9. MAPFRE Insular Insurance Corporation,
10. Paramount Life and General Insurance Co.,
11. PNB General Insurers Co. Inc.,
12. Standard Insurance Co. Inc.,
13. UCPB General Insurance Co. Inc.,
14. WorldWide Travel Insurance Plans
15. Everest International Group Administrators Inc.,
16. Federal Phoenix Assurance Co. Inc.

My Malayan Insurance Travel Master Global Policy for my Schengen Visa Application

For my Schengen visa application, I chose Malayan’s Travel Master. It’s one of the more affordable options and can be easily purchased through the Malayan Online website. Buying Malayan’s Travel Master is straightforward—you just go to their site, register, input your personal and travel details, pay through your credit card or online banking account, and after a few minutes, you’ll receive the policy in your email address.

After registration, select the Travel Master Global (Peso Policy) from their roster of products. You will be asked to provide the following information:

• Your full name
•  Address
•  Contact details: email address and phone number
• Duration of Coverage: the number of days that you’ll be in the Schengen area. The cost will depend on the duration of coverage
• Date of Coverage: state the first day of your travel
• Purpose of Travel: choose business or leisure accordingly
• Country to visit: Input the Schengen country you’ll be visiting. In cases of multiple countries, simply choose “Europe”
• Name of Beneficiary
• Relationship of Beneficiary

Booking.com

Click on “Submit” to be redirected to the payment portal. Credit cards and online banking are the available payment methods. Upon successful payment, you’ll receive the policy through your email address in around 5-20 minutes.

The payment gateway to purchase the Travel Master Global policy

How much does it cost?  

We chose the 15-day Malayan Travel Master Global Policy which is priced Php1, 100 only. Currently, here’s the price list of Malayan’s Travel Master Global Policy:

DURATION OF COVERAGE	COST
8 days	Php770
15 days	Php1,100
24 days	Php1,540
31 days	Php1,870
45 days	Php2,310
60 days	Php2,860
90 days	Php4,785

There are no in-between duration except for those listed above so logic entails that if you’re staying 12 days, then choose the 15-day policy; if you’re travelling in Europe for 26 days, then avail of the 31-day policy.

Is it refundable?

Please call Malayan Insurance through (02) 628-8-628 for the details, terms, and conditions of your purchased policy.

I printed four copies of the policy—two for the Schengen visa application, a personal printed copy, and one that I left with my sister in case something happens. Make sure that it’s also saved in your email account or mobile device for easy access just in case you’ll need it. 

Overall, I’m satisfied with Malayan’s Travel Master Global Policy—it was Schengen Visa-compliant, affordable, easy to purchase, and has substantial and comprehensive coverage protection for possible medical and travel emergencies and inconveniences. Please note that this is not a sponsored post. I'm just satisfied with my experience in buying Malayan's Travel Master for my Schengen visa application. :) 

Over to you! Have you experienced purchasing travel insurance for any of your trips? What Schengen visa-compliant insurance company would you recommend? Don't forget to leave a comment below! Follow my Eurotrip adventure on Instagram, Twitter, and Facebook by searching for the hashtags #GirlChasingSunshine and #Europamore. Thank you for dropping by! :)