Travel insurance is essential to apply for a Schengen visa. The policy must have a minimum coverage of 30,000 Euros for medical emergencies. The insurance must be valid for the entire stay duration and cover all the countries in the Schengen area. Many Indian travellers usually opt for globally reputed providers such as AXA Schengen, Allianz, or Europe Assistance because their policies are accepted at Schengen embassies. When choosing a plan, ensure it has comprehensive coverage, prompt assistance, and reliability for efficiently processing your visa application.