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.