The applicant must ensure that the payment for the insurance will be reinbursed if a Visa is not granted.
Another requirement following the new Visa Code is that the Embassy is required to issue Visas with a 15-days grace period. This means that approved Visas will be issued with the requested (and approved) amount of days, plus 15 days.
This means that the Travel Medical Insurance must be valid for the duration of the actual travel period, plus 15 days. For example, if the travel is for 10 days, the insurance must be valid for 10 days during a period of 25 days, i.e. if the travel is from 1 May to 10 May, the Travel Medical Insurance must be valid for 10 days in the period from 1 May to 25 May.
In cases where the insurance may not be purchased with the given requirement, the applicants may purchase an insurance valid for the duration of the whole period, i.e. in this example, valid for 25 days from 1 May to 25 May.
The Insurance must be bought from an Insurance Company that is accredited by the Schengen Group in Manila. The accredited companies are:
- Gouda: www.gouda.no / www.gouda.dk
- AXA Assistance: www.Axa-Schengen.com
- Europeiske ('The Schengen Insurance')
- ACE Insurance Philippines www.aceinsurance.com.ph
- Chartis Philippines Insurance, Inc.
- Assist-Card www.assist-card.com
- Blue Cross www.bluecross.com.ph
- BPI – MS Insurance Corporation
- Fortune General Ins. Corp. www.fortunegeneral.com.ph
- Generali Pilipinas
- MAA Insurance www.maa.com.my
- Malayan Ins www.malayan.com
- MAPFRE www.mapfreinsular.com
- Paramount Life and General Insurance Co. www.paramount.com.ph
- PNB General Insurers Co., Inc.
- Standard Insurance Co. www.standard-insurance.com
- UCPB General Insurance Co. Inc.
- WorldWide Travel Insurance Plans
- Everest International Group Administrators Inc.