Top 5 Best Companies offering Travel Insurance For Schengen Visa in Nigeria (2024)
Are you planning an exciting trip to Europe but feeling overwhelmed by the visa requirements, particularly the need for travel insurance? Don’t worry; we’ve got you covered.
As a Nigerian traveler, securing the right travel insurance is crucial for obtaining a Schengen visa. With so many insurance companies in the market, choosing the best one can be a daunting task.
That’s why we’ve created this comprehensive guide to the top 5 best companies offering travel insurance for Schengen visas in Nigeria.
Get ready to visit Europe with ease!
AN OVERVIEW OF SCHENGEN VISA FOR NIGERIANS
The Schengen Visa allows Nigerians to travel freely within the Schengen Area. This area consists of 26 European countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
To obtain this visa, applicants must provide documents like a valid passport, proof of accommodation, travel itinerary, bank statements, and a cover letter explaining the purpose of the trip.
The Schengen visa fee typically ranges from ₦68,500 for children to ₦137,000 for adults, depending on the embassy.
Nigerians must also purchase travel medical insurance, which can be obtained from companies like Axa Mansard, Leadway Assurance, AIICO Insurance, and Sovereign Trust Insurance, with premiums varying based on the duration of stay and coverage limits. The process can seem daunting, but with the right guidance and documentation, you can get through.
That’s why, in this article, we will highlight the top five best companies to obtain travel insurance for Schengen visa in Nigeria.
5 BEST COMPANIES OFFERING TRAVEL INSURANCE FOR SCHENGEN VISA IN NIGERIA
They include the following.
AXA MANSARD INSURANCE PLC
AXA Mansard is a leading insurance company in Nigeria, known for its wide range of insurance products, including travel insurance. Their Schengen travel insurance policy is designed to meet the requirements of the Schengen visa application process. It provides coverage for medical expenses, personal accident, and other travel-related risks.
One of the standout features of Axa Mansard’s Schengen travel insurance is its affordability. They offer competitive rates without compromising on the quality of coverage. Also, their claims process is straightforward, and they have a reputation for prompt settlement of claims.
LEADWAY ASSURANCE COMPANY LIMITED
Leadway Assurance is another reputable insurance company in Nigeria that offers travel insurance for Schengen visas. Their Schengen travel insurance policy covers medical expenses, personal accident, trip cancellation, and luggage loss or delay.
What sets Leadway Assurance apart is their excellent customer service. They have a dedicated team of professionals who are always ready to assist customers with any queries or concerns they may have regarding their travel insurance policy.
Leadway Assurance has a user-friendly online platform where customers can purchase their travel insurance and manage their policies.
AIICO INSURANCE PLC
AIICO Insurance is a well-established insurance company that has been operating in Nigeria for over six decades. Their Schengen travel insurance policy is comprehensive, covering medical expenses, personal accident, trip cancellation, and luggage loss or delay, among other travel-related risks.
One of the notable features of AIICO Insurance’s Schengen travel insurance is its flexibility. Customers can customize their coverage to suit their specific needs and budget. Additionally, AIICO Insurance has a network of partner hospitals and clinics across Europe, ensuring that customers have access to quality healthcare services during their travels.
SOVEREIGN TRUST INSURANCE PLC
Sovereign Trust Insurance is a trusted name in the Nigerian insurance industry, and their Schengen travel insurance policy is no exception. Their policy covers medical expenses, personal accident, trip cancellation, and luggage loss or delay, among other travel-related risks.
What sets Sovereign Trust Insurance apart is their commitment to customer satisfaction. They have a dedicated team of travel insurance experts who are always available to provide guidance and support to customers throughout their travel journey.
Another thing is that, Sovereign Trust Insurance has a user-friendly mobile app that allows customers to manage their policies and file claims on the go.
CUSTODIAN AND ALLIED INSURANCE LIMITED
Custodian and Allied Insurance is a reputable insurance company in Nigeria that offers a comprehensive Schengen travel insurance policy. Their policy covers medical expenses, personal accident, trip cancellation, and luggage loss or delay, among other travel-related risks.
One of the standout features of Custodian and Allied Insurance’s Schengen travel insurance is its competitive pricing. They offer affordable rates without compromising on the quality of coverage. Additionally, they have a network of partner hospitals and clinics across Europe, ensuring that customers have access to quality healthcare services during their travels.
HOW TO CHOOSE THE RIGHT TRAVEL INSURANCE FOR YOUR SCHENGEN VISA
When it comes to choosing the right travel insurance for your Schengen visa, there are several factors to consider. First and foremost, you need to ensure that the policy meets the minimum requirements set by the Schengen visa authorities. These requirements typically include coverage for medical expenses, personal accident, and repatriation in case of emergency.
Moreover, you should consider the duration of your trip, the number of people traveling, and any pre-existing medical conditions you may have. Some insurance companies offer customizable policies that allow you to tailor the coverage to your specific needs.
Another important factor to consider is the reputation and financial stability of the insurance company. You want to choose a company that has a proven track record of honoring claims and providing excellent customer service.
Finally, it’s always a good idea to read the fine print and understand the terms and conditions of the policy before purchasing it. This will help you avoid any unpleasant surprises down the line and ensure that you have the coverage you need for a safe and enjoyable trip.
CONCLUSION
Traveling to the Schengen area of Europe is an exciting opportunity, but it’s important to make sure you have the right travel insurance in place to protect yourself and your loved ones.
I believe you are planning to travel to any of the countries in the Schengen area of Europe? I think that’s why you’re reading this article.
If so, one of the requirements you’ll need to fulfill is having a valid travel insurance policy that meets the Schengen visa requirements.
With so many insurance companies out there, it can be confusing to figure out which one to choose.
That’s why we’ve put together the above list of the top 5 best companies offering travel insurance for Schengen visas in Nigeria.
I believe the information was helpful.
