Schengen Visa Insurance





 Schengen Visa Printer Friendly    Send to Friend

 Requirements/Procedures
 Overview
 Schengen Agreement
 Requirements/Exemptions
 Application
 Documents
 Application Form
 Passport Requirements
 Photograph Requirements
 Visa Fees
 Means of Substinence
 Embassies and Consulates
 Schengen Travel Insurance


 Visa Types
 Airport Transit Visa
 Employment Visa
 Group Visa
 Limited Territorial Validity Visa
 Permanent Residence With Schengen Spouse
 Short Stay Visa - Tourist, Business
 Student Visa

Means of Substinence
Schengen visa applicants must prove that they have enough financial resources during their stay or transit in Schengen area. The required means of substinence depend upon the purpose and duration of the stay, according to the average prices in the Schengen country of main destination or of first entry for board and lodging in budget accommodation, multiplied by the number of days stayed.

Acceptable means of substinence may be cash, travelers' checks, credit cards or anything else that guarantees sufficient funds. Alternatively, declarations of sponsorship or guarantee letters from hosts, where they are provided for by national law, may also be consider as evidence of sufficient means of substinence.

Guidelines and reference amounts are set by most of the countries in the Schengen area.

Austria
No firm guidelines. Determined on case by case basis.

Belgium
Staying with a private individual: €38/day.
Hotel accommodation: €50/day.

If the applicant can't provide the proof that he/she can support himself/herself, a solvent person living in Belgium must provide a signed affidavit of support and it must be authenticated by the local municipal administration. The affidavit of support is valid for 2 years and covers the costs of the traveler's stay, health care, accommodation and repatriation in the event that the traveler is unable to pay, to ensure that the traveler does not become a public charge. If the sponsor is not a citizen of Belgium, residence or establishment permit must be provided along with the affidavit.

Applicant also must produce an air ticket enabling him/her to return to his/her home country after the authorized stay in Schengen area.

Denmark
DKK 350 per 24 hours.
Return air ticket.

Finland
€30 per person per day.

France
Amount equal to the guaranteed minimum wage in France (SMIC). i.e., €50.40/day
If you are holding an attestation d'accueil, you must have a minimum equivalent of half of SMIC. i.e., €25.20/day.

Germany
€45/day
Return ticket or corresponding financial means.

Additionally, a formal declaration of commitment subscribed by a relative/acquaintance, using the required form available from the local Ordunungsamt.
Applicant can also present a legal guarantee from a German bank, a telegraphic money order or use a guarantee deposited with the immigration authorities responsible for the stay.

Greece
€20 per person per day, minimum €100.

Amount is reduced by 50% for minors who are members of the traveler's family.

Iceland
Enough money to meet their needs in Iceland and to make the return journey.
ISK 4 000 per person, minimum ISK 20 000 for each entry.
If the expenses are borne by a third party, the amount is halved.

Italy
Demonstration of suitable accommodation in Italy, required money for repatriation, and air ticket.

Minimum amounts per person are listed below:
Duration of trip
1 participant
2 or more participants
1 to 5 days overall fixed sum
€269,60
€212,8
6 to 10 days daily sum per person
€44,93
€26,33
11 to 20 days fixed sum
+
daily sum per person
€51,64

€36,67
€25,82

€22,21
more than 20 days fixed sum
+
daily sum per person
€206,58

€27,89
€118,79

€17,04

Luxembourg
No reference amount. Decided on a case-by-case basis.

Portugal
€75 for each entry and €40 for each day.
If you may be exempted from above amounts if you can show that you have your lodging and boarding guaranteed for the duration of your stay.

Netherlands
€34 per person per day.

Norway
NOK 500/day is considered adequate for the persons not staying with friends/relatives.
Reduced amounts will be considered if you have a ticket for the return journey and a guarantee has been given for the stay. Relatives/friends may provide a signed affidavit of support (garantiskjema) and authenticated by the police.

Spain
€30 per day per person, minimum €300 per person.
Air ticket for return journey.

Sweden
No reference amount. Decided on a case-by-case basis.
If you are visiting relatives/friends, they need to fill a Referee's Appendix form containing details about you.



Visitors Insurance