Travel Insurance for Schengen Visa from Bangladesh

When applying for a Schengen visa from Bangladesh, one of the most important requirements is valid travel insurance. Without it, your application will not be accepted by the embassies or consulates of Schengen countries. Many Bangladeshi travelers, whether for tourism, study, or business, often get confused about the rules, coverage, and the best providers of travel insurance.

In this detailed guide, we will cover everything you need to know about travel insurance for Schengen visa from Bangladesh – including requirements, cost, coverage, providers, and practical tips to make your visa approval smoother.

What is Travel Insurance for Schengen Visa?

Travel insurance for a Schengen visa is a mandatory document that provides coverage for medical expenses, emergency hospitalization, accidents, or repatriation during your stay in any of the 27 Schengen countries.

The Schengen Agreement requires every non-European traveler (including Bangladeshis) to have valid travel insurance before entering the region. It ensures that visitors can afford emergency healthcare services without becoming a financial burden on the host country.

Why Do You Need Travel Insurance for Schengen Visa from Bangladesh?

Here are the main reasons why travel insurance is compulsory:

  1. Visa Need – Without proof of insurance, your visa application will be rejected.

  2. Medical Expenses Abroad – Healthcare in Europe is expensive; insurance protects you against sudden medical bills.

  3. Accident Coverage – In case of accidents or injuries, insurance provides financial support.

  4. Repatriation Costs – If a traveler dies abroad, the insurance covers the cost of transporting the body back to Bangladesh.

  5. Peace of Mind – Insurance allows you to travel stress-free, knowing that emergencies are covered.

Schengen Visa Travel Insurance Requirements

The European Union has strict rules for Schengen visa insurance. If you are applying from Bangladesh, make sure your policy meets the following criteria:

  • Smallest coverage of €30,000 (approx. BDT 3,600,000)

  • Valid in all 27 Schengen countries

  • Covers medical emergencies and hospitalization

  • Covers repatriation (medical or death)

  • Covers entire duration of stay

If your policy does not meet these conditions, the embassy may reject your visa application.

How Much Does Travel Insurance for Schengen Visa Cost in Bangladesh?

The cost of travel insurance depends on:

  1. Duration of Stay – A 7-day policy is cheaper than a 90-day one.

  2. Traveler’s Age – Older travelers may pay higher premiums.

  3. Insurance Provider – Different companies offer different packages.

On average, the cost of Schengen travel insurance from Bangladesh is:

  • Short trip (7–15 days): BDT 1,200 – 3,500

  • 1 month stay: BDT 3,500 – 6,000

  • 3 months stay: BDT 6,000 – 15,000

Top Insurance Companies in Bangladesh Offering Schengen Visa Travel Insurance

Here are some of the most trusted insurance providers:

1. Green Delta Insurance Company Limited

  • Popular choice for Schengen visa applicants.

  • Provides medical emergency and repatriation coverage.

  • Accepted by most European embassies in Dhaka.

2. Pragati Insurance Limited

  • Offers affordable packages for short-term travelers.

  • Embassy-approved insurance provider.

3. Sadharan Bima Corporation (SBC)

  • State-owned insurance provider.

  • Provides Schengen-compliant travel policies.

4. Popular Life Insurance Company Limited

  • Offers flexible packages for tourists and business travelers.

5. Eastern Insurance Company Ltd.

  • Recognized by European embassies.

  • Provides coverage for accidents and medical expenses.

Where to Buy Schengen Visa Travel Insurance in Bangladesh

You can buy insurance in two ways:

  1. Directly from Insurance Companies – Visit their branches or websites.

  2. Through Visa Application Centers (VFS Global / Embassy Recommended Agents) – Many agencies have tie-ups with approved insurers.

Tip: Always check whether your chosen insurer is recognized by the embassy of the Schengen country you are applying to.

Step-by-Step Process to Buy Travel Insurance

  1. Decide Your Travel Dates – Insurance must cover the exact days of your stay.

  2. Choose a Reliable Provider – Select from embassy-approved insurers.

  3. Compare Packages – Check premiums and coverage.

  4. Buy Policy – Pay online or at the branch.

  5. Get Insurance Certificate – Print and submit it with your visa application.

Duration of Insurance Coverage

  • If you are applying for a short-term Schengen visa (up to 90 days), insurance must cover the entire trip.

  • For multiple-entry visas, buy insurance for your first trip; later visits may need renewed policies.

Can You Buy Travel Insurance Online from Bangladesh?

Yes, many companies offer online buy options. You can buy and download the certificate within minutes. Online policies are embassy-approved as long as they meet Schengen requirements.

Common Mistakes to Avoid

  1. Buying insurance after applying for a visa – Always buy before submitting.

  2. Not covering all Schengen countries – Some travelers mistakenly buy country-specific coverage.

  3. Purchasing invalid policies – Ensure the insurance provider is accepted by the embassy.

  4. Choosing the cheapest option only – Low-cost insurance may lack adequate benefits.

Refund Policy: What if Your Visa is Rejected?

Most insurance companies in Bangladesh offer a refund option if your visa is refused, but they may deduct a small processing fee. Always confirm refund terms before purchasing.

Benefits of Travel Insurance for Bangladeshi Travelers

  1. Visa Approval Guarantee – Meets mandatory need.

  2. Emergency Medical Care – Reduces financial burden.

  3. Flight Delay or Cancellation Compensation (in some packages).

  4. Loss of Baggage Coverage (optional in some policies).

  5. Confidence While Traveling Abroad.

Frequently Asked Questions (FAQs)

1. Is travel insurance mandatory for Schengen visa from Bangladesh?

Yes, without insurance your application will be rejected.

2. What is the small coverage amount required?

At least €30,000 (approx. 3.6 million BDT).

3. Which insurance companies in Bangladesh are accepted by Schengen embassies?

Green Delta, Pragati Insurance, SBC, and Eastern Insurance are commonly accepted.

4. Can I buy insurance for family members?

Yes, you can buy group or family travel insurance.

5. What happens if I extend my trip?

You must buy extended insurance coverage before your current policy expires.

6. Is online travel insurance certificate valid?

Yes, as long as it meets Schengen requirements and comes from an approved company.

7. Can I get a refund if my visa is denied?

Yes, most insurers provide refunds with minor deductions.

8. Do students applying for Schengen visa need special insurance?

Yes, but student travel insurance plans are usually cheaper and tailored for long stays.

9. Is the insurance valid in non-Schengen countries?

No, it only applies to Schengen countries unless stated otherwise.

10. Can I claim expenses in Bangladesh with this insurance?

No, it only covers expenses abroad.

Final Tips for Bangladeshi Travelers

  • Always buy insurance from embassy-approved providers.

  • Double-check the coverage dates.

  • Keep both a digital copy and a printed copy of your insurance certificate while traveling.

  • Don’t leave insurance buy for the last minute; it’s a must-have for smooth visa approval.

Conclusion

Getting the right travel insurance for Schengen visa from Bangladesh is one of the most crucial steps in your visa application process. It not only increases the chances of visa approval but also ensures your safety and financial protection while traveling across Europe.

By choosing a trusted Bangladeshi insurance provider that offers Schengen-compliant policies, you can enjoy your European journey with peace of mind. Whether you are traveling for tourism, education, or business, proper travel insurance is your ultimate safeguard against unexpected events abroad.

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