Europe: Top 5 Schengen Travel Insurance Companies

Whether you are a student seeking an admission to study abroad or you are looking for a job in another country, you must need a travel insurance. However, travel insurance provides financial protection and peace of mind for travellers by covering unexpected events that may arise during a trip. This type of insurance typically includes coverage for medical emergencies, trip cancellations, lost luggage, travel delays, and personal liability. In case of illness, injury, or other disruptions, travel insurance helps cover costs that would otherwise fall on the traveller, such as medical expenses or rebooking fees.

Most travel insurance plans offer different levels of coverage, from basic to comprehensive, allowing travellers to choose a plan that suits their needs and budget. Whether for a short vacation or an extended trip abroad, travel insurance is an essential safety net, ensuring travellers can focus on enjoying their journey, knowing they are protected from unforeseen expenses. Below, we have the list of best travel insurance companies for Schengen countries (Europe). We, however, compiled the list according to the reviews and personal research we made.

Top 5 Travel Insurance Companies for Europe

1.) AXA Schengen Travel Insurance

AXA Schengen Travel Insurance is a travel insurance service provided by AXA, one of the world’s leading insurance and asset management companies, specifically designed for travellers visiting Schengen Area countries. AXA Schengen offers insurance plans that meet the requirements of the Schengen visa, which is necessary for travellers from certain countries to enter the Schengen zone.

Overview of AXA Schengen Travel Insurance

• AXA is a well-established, globally recognized insurance provider, known for its extensive experience in health, travel, and life insurance.
• The AXA Schengen Travel Insurance policy is tailored to meet the requirements set by Schengen countries, ensuring travellers are fully covered for medical emergencies and unexpected incidents during their trip.

Types of Insurance Plans

AXA Schengen offers three main insurance plans, each varying in coverage and price:

• Low-Cost Plan: A basic option providing essential coverage for medical expenses up to €30,000. It is ideal for short trips and covers basic medical emergencies.
• Europe Travel Plan: This plan includes broader coverage for medical expenses up to €100,000, along with other benefits like personal liability. It covers not only Schengen countries but also other EU countries, making it suitable for extended stays.
• Multi-Trip Plan: Designed for frequent travellers, this plan offers coverage for an entire year for multiple trips, with each trip up to 90 days. It includes comprehensive medical coverage, emergency assistance, and repatriation services.

Key Benefits and Coverage

• Medical Emergency Coverage: AXA Schengen covers emergency medical expenses, including hospitalization, surgery, and prescription costs.
• Repatriation and Medical Transport: In case of serious illness or injury, the policy covers the costs of medical evacuation and repatriation to the traveller’s home country.
• COVID-19 Coverage: AXA has expanded its policies to include COVID-19-related medical expenses, including quarantine costs, which are often required for visa applications.
• Personal Liability: The Europe Travel and Multi-Trip plans provide coverage for personal liability, which protects the insured if they accidentally cause harm or damage to third parties.

Application Process

• Online Application: The application for AXA Schengen Travel Insurance can be completed online in a few minutes. Travelers need to provide basic personal information, trip details, and choose a plan.
• Instant Policy Issuance: After completing the application and payment, the policy is issued instantly via email, along with the insurance certificate, which can be submitted with the Schengen visa application.
• 24/7 Support: AXA provides round-the-clock support to its policyholders, ensuring they can access help and assistance whenever needed during their trip.

Why Choose AXA Schengen?

• Trusted Provider: With AXA’s longstanding reputation in the insurance industry, travelers can feel assured of reliable coverage and support.
• Schengen Visa Compliance: AXA Schengen Travel Insurance policies comply with the requirements for Schengen visa applications, streamlining the visa approval process.
• Comprehensive Coverage: From emergency medical care to repatriation, AXA Schengen’s plans cover the essentials and more, adapting to various travel needs and durations.
• Easy Access: AXA Schengen’s policies can be purchased online, making it convenient and accessible for travellers worldwide.

2.) Europ Assistance

Europ Assistance is a global travel insurance company founded in 1963, headquartered in Paris, France. Known for its wide range of travel insurance and assistance services, Europ Assistance is part of the Generali Group, one of the largest insurance and asset management groups worldwide. Europ Assistance operates in over 200 countries and territories, offering customized insurance solutions designed to help travellers feel safe, secure, and well-prepared for their trips.

Key Services of Europ Assistance

1. Travel Insurance Plans: Europ Assistance offers various travel insurance plans tailored to different types of travelers, including individual, family, business, and group policies. These plans typically include coverage for:

• Medical and Emergency Assistance: Coverage for unexpected medical expenses, emergency medical evacuation, and repatriation.
• Trip Cancellation and Interruption: Protection against financial losses if a trip is canceled or interrupted due to unforeseen events, such as illness, severe weather, or family emergencies.
• Baggage and Personal Belongings: Compensation for lost, stolen, or delayed baggage and personal items.
• 24/7 Worldwide Assistance: Access to a 24/7 emergency assistance hotline to handle medical emergencies, travel delays, and other issues during travel.

1. Medical and Health Assistance: Europ Assistance provides extensive health and medical support, including telemedicine services, emergency medical transportation, and access to a network of healthcare providers globally. This support is crucial for travelers in need of immediate medical care, especially when language barriers or unfamiliar healthcare systems complicate the situation.
2. Concierge Services: The company offers concierge assistance for trip planning, including restaurant reservations, ticket bookings, event recommendations, and other services that make travel more convenient and enjoyable.
3. Corporate Solutions: Europ Assistance provides tailored travel insurance solutions for companies and their employees. These services cater to businesses of all sizes, offering flexible, scalable insurance options for corporate travelers, expatriates, and employees on international assignments.
4. Claims and Customer Service: Europ Assistance prides itself on an efficient claims process. Customers can submit claims online or through customer service representatives, who are trained to process claims quickly and help travelers receive the support they need.
5. Innovative Digital Tools: Europ Assistance has embraced technology to enhance the customer experience. Its mobile app and online portal allow travelers to access policy information, file claims, and use a GPS-enabled feature to find nearby medical facilities.

Why Choose Europ Assistance?

• Global Presence and Expertise: Europ Assistance’s extensive experience and international network ensure comprehensive support in almost any travel destination.
• Comprehensive Coverage Options: With customizable plans, travelers can find coverage that meets their specific needs, whether for leisure, business, or extended stays abroad.
• 24/7 Customer Support: Available in multiple languages, Europ Assistance’s support team is accessible around the clock to provide assistance during emergencies.

3.) Allianz Travel Insurance

Allianz Travel Insurance is a global leader in travel insurance, offering comprehensive coverage and services to travelers worldwide. As part of Allianz SE, one of the world’s largest insurance companies, Allianz Travel Insurance provides financial protection and assistance for a variety of travel-related needs. Whether for vacations, business trips, or study abroad programs, Allianz offers coverage that addresses unexpected events like medical emergencies, trip cancellations, lost baggage, and travel delays.

Key Features and Coverage Options

Allianz Travel Insurance offers a wide range of plans with varying levels of coverage to meet diverse travel needs. Some of the primary types of coverage include:

1. Trip Cancellation and Interruption: Reimburses non-refundable expenses if a trip is canceled or cut short due to unforeseen circumstances, such as illness, severe weather, or family emergencies.
2. Medical and Emergency Assistance: Covers medical expenses in case of illness or injury while traveling, including emergency evacuation services if necessary.
3. Baggage and Personal Belongings: Provides compensation for lost, stolen, or damaged baggage and personal items, ensuring peace of mind during transit.
4. Travel Delay: Offers reimbursement for additional costs like meals and accommodations if a trip is delayed due to airline issues, severe weather, or other covered reasons.
5. Annual and Multi-Trip Plans: Allianz also provides annual plans that cover multiple trips within a year, ideal for frequent travelers or business professionals.
6. Specialized Coverage for Adventure Activities: Some plans include coverage for adventure and sports activities, such as skiing, scuba diving, or hiking, which are typically excluded in standard travel insurance policies.

Additional Services and Benefits

Allianz goes beyond financial coverage by offering additional support services, such as:

• 24/7 Assistance Hotline: Travelers can access round-the-clock assistance for medical, legal, and travel-related emergencies.
• Concierge Services: Some plans offer concierge services, providing recommendations, restaurant reservations, and other travel-related assistance.
• Access to Global Healthcare Network: Allianz’s extensive network of medical providers around the world ensures prompt medical assistance when needed.

Why Choose Allianz Travel Insurance?

Allianz Travel Insurance is known for its reliability, financial stability, and high-quality customer service. With flexible plans, prompt claims processing, and a broad range of coverage options, Allianz offers travelers a safety net against the uncertainties of travel.

Additionally, Allianz has a strong focus on digital solutions, making it easy for travelers to purchase, manage, and claim insurance online through their website or mobile app. Allianz’s customer-friendly approach makes it an appealing choice for travelers seeking peace of mind while exploring the world.

How to Purchase Allianz Travel Insurance

Travelers can easily purchase Allianz Travel Insurance through their official website, authorized travel agents, or partner websites. They provide an intuitive interface to compare different plans and choose one that best fits individual travel needs.

Allianz Travel Insurance is an ideal choice for anyone looking for comprehensive, reliable protection and support while away from home. Whether it’s a short holiday, a long-term journey, or an adventure-filled trip, Allianz is there to keep travellers covered every step of the way.

4.) Swisscare Travel Insurance

Swisscare Travel Insurance is an international insurance provider specializing in health, travel, and expatriate insurance for students, travellers, and expatriates around the world. Established in Switzerland, Swisscare has earned a reputation for providing affordable, reliable, and flexible coverage options, especially for those studying or traveling abroad. With a focus on digital solutions, Swisscare offers seamless online enrollment, policy management, and customer support to make travel insurance accessible and straightforward.

Key Services Offered by Swisscare

1. Travel Insurance: Swisscare provides comprehensive travel insurance plans that cover a wide range of situations, from medical emergencies to trip cancellations, delays, and lost baggage. These plans are designed to cater to short-term travelers, business travelers, and even long-term backpackers, offering worldwide coverage with flexible options.
2. Health Insurance for Students and Expats: Swisscare’s health insurance plans are particularly popular among international students, expats, and digital nomads. These plans cover essential health services, including doctor visits, hospitalization, emergency treatments, and prescription medications. They also offer packages that fulfill specific country requirements, such as student visa health insurance in the EU, UK, and other destinations.
3. Schengen Visa Insurance: Swisscare offers policies specifically designed to meet the insurance requirements for obtaining a Schengen visa. These plans meet the necessary criteria for medical coverage, ensuring that travelers have adequate protection during their stay in any Schengen Area country.

Benefits of Choosing Swisscare

• Affordable and Transparent Pricing: Swisscare’s pricing structure is competitive and clear, without hidden fees. They cater to different budgets, making insurance accessible for students and young travelers.
• Flexible Coverage Options: Whether you need short-term travel insurance or comprehensive health coverage for long stays, Swisscare offers customizable plans that can be tailored to fit the length and nature of your stay abroad.
• Digital Platform: Swisscare’s user-friendly online platform allows customers to purchase insurance, manage claims, and access support from anywhere in the world. This digital approach enhances the convenience and efficiency of policy management.
• 24/7 Customer Support: Swisscare provides round-the-clock assistance, which is invaluable in emergencies, allowing travelers to feel secure no matter where they are.

How to Purchase a Swisscare Policy

1. Choose a Plan: Visit the Swisscare website and explore the insurance options suited for your travel or study needs.
2. Complete the Application: Fill out the required information, including travel dates, destination, and personal information. Swisscare provides an instant quote based on your specific requirements.
3. Submit Payment: Once you choose your plan, proceed with the online payment, and you will receive the insurance policy via email.
4. Access Your Policy: Through Swisscare’s digital platform, you can view your policy details, manage claims, and contact customer support when needed.

5.) Policybazaar Travel Insurance

If you’re living in India and wish to travel to European country, Policybazaar travel insurance company is for you. Policybazaar is one of India’s leading online insurance aggregators, offering a wide range of insurance products, including travel insurance. Founded in 2008, Policybazaar simplifies the process of comparing and purchasing insurance policies from multiple insurers, allowing travelers to select coverage that best suits their needs. Here’s an overview of what Policybazaar offers in travel insurance:

About Policybazaar Travel Insurance

Policybazaar partners with a variety of leading insurance providers to offer travel insurance policies tailored to different types of travelers, including solo travelers, families, business travelers, and students studying abroad. Their travel insurance plans provide coverage for unexpected situations like medical emergencies, flight delays, lost baggage, trip cancellations, and other travel-related risks.

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Features and Benefits of Policybazaar Travel Insurance

• Medical Expense Coverage: Coverage for medical emergencies, including hospitalization and treatment expenses abroad, and often includes emergency evacuation and repatriation.
• Trip Cancellation and Interruption: Reimbursement for prepaid expenses if the trip is canceled or interrupted due to covered reasons like illness, injury, or unforeseen events.
• Baggage Loss/Delay: Coverage for lost or delayed baggage, including reimbursements for essential items and replacements.
• Flight Delay: Compensation for delays in flights beyond a specified number of hours, helping cover unexpected costs.
• Personal Liability: Coverage in cases where travelers are liable for damages to a third party during their travels.
• 24/7 Assistance: Policyholders can access round-the-clock customer support for emergency assistance.

Types of Travel Insurance Plans Offered

Policybazaar offers several types of travel insurance policies, each designed for specific needs:

• Single-Trip Travel Insurance: Covers a single trip, ideal for short-term travel.
• Multi-Trip Travel Insurance: Suitable for frequent travelers, covering multiple trips within a year.
• Student Travel Insurance: Designed for students studying abroad, covering health, trip-related issues, and often includes tuition coverage if studies are interrupted due to a medical emergency.
• Family Travel Insurance: Provides comprehensive coverage for families traveling together, covering multiple people under a single policy.
• Senior Citizen Travel Insurance: Tailored for senior travelers, usually with extended medical coverage.

Policybazaar’s Online Comparison and Purchase Platform

Policybazaar simplifies the process of choosing the right travel insurance by allowing users to compare policies from different insurers based on premiums, coverage, and benefits. The platform is user-friendly, providing a transparent breakdown of each policy’s terms, helping customers make informed decisions.

Claim Process

Policybazaar assists with claims management, guiding policyholders through filing claims, providing documentation support, and working with insurers to help resolve claims efficiently. Many policies also offer cashless claim options for medical emergencies.

Why Choose Policybazaar for Travel Insurance?

Policybazaar stands out for its easy-to-use digital platform, extensive range of policies, and customer-centric approach. The ability to compare multiple options and receive guidance simplifies the travel insurance selection process, making it a convenient choice for travellers looking for reliable, affordable coverage.