Yes, travel medical insurance is compulsory when applying for a Netherlands Tourist Visa. Your insurance must cover at least €30,000 for medical emergencies, hospital treatment, and repatriation in case of serious illness or death. The insurance must be valid for all Schengen countries and cover your entire period of stay. Without proper travel insurance, your visa application may be rejected. It is important to purchase insurance from a reliable provider and ensure that all required coverage details are clearly mentioned.