Top 10 Schengen Accredited Insurance Companies In Philippines

Last July, I applied for a tourist Schengen visa from Denmark Embassy. Many are curious how and which insurance company did I used. I decided to post a blog about it; so that I don’t have to repeat myself and also for the benefit of everyone. I chose Malayan Insurance Company;  it was the cheapest I could find during that time. I bought their Travel Master Global (Peso Policy). It cost me P4,785 to cover the 90 days duration of my stay.  You can check out the list of coverage on their site. You don’t have to go to their office; you can get it online; after you complete the payment. They will send the copy of the policy/certificate and the receipt to your email.

As of September 2nd 2016, these are the list of Schengen accredited insurance companies:

The medical policies must state the following points:

  •  Medical attention and treatment will be given in case of illness or accident.
  •  The injured or ill traveller can be transported home for treatment + body repatriation in case of death
  • The insurance coverage is a least 30 000 euros (50 000 US dollars)
  • The insurance must be valid for all 25 Schengen member states which should be listed on the policy
  • The insurance company must be re-insured, the name of the re-insurer and his TOLL-FREE phone number must be listed on the policy
  • The policy must allow CASHLESS SETTLEMENTS of claims. The name of the company in charge of such settlements and their toll-free number must be clearly stated on the policy.

NOTE: No company working on reimbursement basis will be accepted. Cashless settlements only.


Good luck to your application for Schengen visa. Make sure to lodge it three months before your intended date of travel. Let me know when you get it. 🙂


One comment on “Top 10 Schengen Accredited Insurance Companies In Philippines

  1. […] Insurance Company Inc. Travel Master Global it cost PHP 4,785 they are the cheapest of all the accredited insurance company.  SUPPORTING […]


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s