The Head /Principal Offices of all
Authorized Dealers in Foreign Exchange

Dear Sirs/Madam

Travel Health Insurance Coverage for the Schengen Countries

It is advised that of late European Union has directed to all Schengen Countries to ensure that all visitors intending to visit their country must show adequate proof of health/ medical insurance policy to cover them in the country of visit. Accordingly, in order to facilitate Pakistani travelers to meet the guidelines for issuance of travel visa to Schengen Countries, it has been decided to allow insurance companies to issue health/medical policy in foreign currency subject to following conditions:
i. These policies will be issued only in favor of travelers to Schengen Countries for a period covering the stay of the visitors.
ii. Though the policy will be denominated in foreign currency, the premia will be payable in PKR.
iii. In case of settlement of claim, insurance companies will be allowed to remit the funds abroad through interbank.
Authorized Dealers may allow remittance of claims arising under the above policies on submission of applications accompanied by the following documents:

a) Application on Form 'M' alongwith the declaration in the prescribed form (Appendix V-53).
b) Copy of Invoice/Bill of Hospital
c) Copy of Policy

Please bring this to the notice of all your constituents.