Sweden is a scenic country that tourists love for its natural beauty, cultural diversity, and social progress. Also known as the Scandinavian region, this country offers something for everyone.
Whether you want to explore the beautiful fjords, serene mountains, and dense forests or enjoy the vibrant cities of Stockholm, Gothenburg, and Malmö, this country will offer a surreal experience.
Also, if you are visiting this country for mental relaxation, you can participate in Midsummer traditions, such as saunas and Fika. These are just a few examples, but to add to it, the Northern Lights are something we cannot pass up.
Now, the critical question is, when travelling to this country, is travel insurance mandatory? Let's find out.
Is Travel Insurance Mandatory for Sweden?
Sweden is part of the Schengen zone. A Schengen visa is a must-have to enter this country. To get a Schengen visa, you must have valid travel insurance covering at least 30,000 EUR of medical expenses, emergency evacuation, and repatriation in case of unforeseen events.
Without travel insurance, your visa application will be rejected. However, travel insurance is optional if you don't need a visa. Despite that, we still recommend buying this coverage. Here is why:
- If you become unwell while travelling, the cost of treatment in a foreign nation will put a burden on your wallet. You must pay roughly Rs 20,000-30,000 (after Sweden Krona conversion) for what you pay Rs 5,000-10,000 in India. However, with travel insurance, the costs are borne by the insurer.
- What if you lose or misplace your luggage immediately after arriving in Sweden? Can you picture the costs of paying for necessities till you recover your lost items? The sum can be substantial. However, if you have insurance, you won't have to worry about this.
- At times, you may need to make last-minute alterations to your plan. This could be due to a sudden sickness of a close relative or a last-minute office meeting. In such a case, if the insurance deems the reason for trip cancellation or postponement is genuine, they will compensate you for your booking losses.
- In rare situations, you may need to prolong your stay due to a medical emergency or local regulations. Additional stay costs and feeding bills are sometimes unaffordable. This is taken care of by your travel insurance.
Conclusion
Travel insurance in Sweden may be mandatory based on your situation. It is strongly advised to review various insurers' policies, customer service strengths, and settlement methods. You can choose between multi-trip, single-trip, and student travel insurance. Decide on your travel purpose first, and then choose a policy accordingly.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.