Schengen visa travel insurance is mandatory for all travelers applying for a Schengen visa. It helps cover medical emergencies, accidents, and trip cancellations. Without valid insurance, your visa application may be rejected.
Many travelers look for the cheapest travel insurance for Schengen visa while ensuring it meets the required coverage. Some of the most trusted options include AXA travel insurance, Allianz Schengen travel insurance, and VFS Global travel insurance. In this guide, we will discuss the latest Schengen visa travel insurance price, approved providers, and how to buy the right policy.
What is Schengen Visa Travel Insurance?
Schengen visa travel insurance is a policy that provides financial protection while traveling in Schengen countries. It must meet certain conditions:
- Minimum €30,000 medical coverage.
- Must be valid for all 27 Schengen countries.
- Covers medical emergencies, accidents, and repatriation.
- Required for short-stay (Type C) visas.
Embassies strictly follow the VFS travel insurance list to approve valid policies.Read our step-by-step Schengen Visa Application guide for more details.
Why Do You Need Travel Insurance for a Schengen Visa?
Travel insurance is compulsory for visa approval. It provides:
- Medical coverage – Covers hospital bills, emergency treatments.
- Trip protection – Reimbursement for flight cancellations or delays.
- Accident coverage – Helps in case of injury.
- Lost baggage protection – Compensation for lost or stolen items.
Many embassies only accept insurance from providers in the VFS Global travel insurance list.
Schengen Visa Travel Insurance Price in 2025
Travel insurance prices depend on the duration of stay, provider, and age. Below is the latest price list:
| Duration | AXA Travel Insurance | Allianz Schengen Travel Insurance | Europ Assistance |
|---|---|---|---|
| 7 Days | €20 | €25 | €18 |
| 15 Days | €30 | €35 | €28 |
| 30 Days | €50 | €60 | €45 |
| 90 Days | €90 | €100 | €85 |
| 1 Year (Multiple Entry) | €200 | €220 | €180 |
- AXA travel insurance is budget-friendly and widely accepted.
- Allianz Schengen travel insurance offers premium coverage.
- Europ Assistance provides affordable plans.
For Bangladeshi applicants, the latest travel insurance Bangladesh price ranges from ৳2,500 – ৳20,000 based on coverage.
Best Travel Insurance for Schengen Visa
Finding the best travel insurance for Schengen visa depends on:
- Affordability – Low-cost options.
- Medical coverage – Minimum €30,000 required.
- Embassy approval – Must be in VFS travel insurance list.
Top Providers in 2025:
- AXA Travel Insurance – Official partner, easy online purchase.
- Allianz Schengen Travel Insurance – Best for frequent travelers.
- Europ Assistance – Budget-friendly, Schengen-approved.
- VFS Global Travel Insurance – Embassy-approved companies.
For Bangladeshi applicants, some local providers include Green Delta and MetLife Bangladesh.
VFS Travel Insurance List – Approved Providers
VFS Global works with specific insurance companies. These are the most trusted:
- AXA Travel Insurance
- Allianz Schengen Travel Insurance
- Europ Assistance
- VFS Global Travel Insurance partners
How to Check If Your Insurance Is Accepted?
- Visit the VFS Global travel insurance website.
- Select your country and approved providers list.
- Ensure coverage meets the visa requirements.
Cheapest Travel Insurance for Schengen Visa
Budget travelers need low-cost but embassy-approved insurance.
| Insurance Provider | 7 Days | 30 Days | Annual |
|---|---|---|---|
| AXA | €20 | €50 | €200 |
| Allianz | €25 | €60 | €220 |
| Europ Assistance | €18 | €45 | €180 |
| Green Delta (Bangladesh) | ৳2,500 | ৳5,500 | ৳20,000 |
- AXA travel insurance is the cheapest option.
- Allianz Schengen travel insurance offers the most benefits.
For detailed visa application steps, check our guide on Schengen Visa Application.
How to Buy Schengen Visa Travel Insurance?
Follow these steps:
- Select an approved provider (AXA, Allianz, or VFS Global).
- Choose your travel dates and coverage amount.
- Compare prices to find the cheapest travel insurance for Schengen visa.
- Make an online payment.
- Download the PDF insurance certificate (required for visa submission).
Your insurance must match your visa duration for approval.
Common Mistakes When Buying Travel Insurance
Many visa rejections happen due to:
- Choosing a non-Schengen-approved provider.
- Selecting coverage below €30,000.
- Not including trip cancellation benefits.
- Forgetting to check policy exclusions.
Always ensure your provider is on the VFS travel insurance list.
Conclusion
Schengen visa travel insurance is essential for a successful visa application. Choosing a provider from the VFS Global travel insurance list ensures acceptance.
For budget travelers, AXA travel insurance offers the cheapest travel insurance for Schengen visa. If you need premium coverage, Allianz Schengen travel insurance is the best choice.
For detailed visa application guidance, read our Schengen Visa Application article. Safe travels!
2 thoughts on “Schengen Visa Travel Insurance – Latest Guide 2025”