Schengen Visa Requirements: ITR and Medical Insurance

Applying for a Schengen visa comes with its own set of requirements and documentation that can vary slightly depending on the specific country and your individual circumstances. This article provides an overview of the key requirements for Income Tax Return (ITR) and medical insurance when applying for a Schengen visa.

Income Tax Return (ITR) Requirements

When it comes to providing ITRs as part of your Schengen visa application, the requirements can vary. However, there are some general guidelines to follow:

ITR for the Last 3 Years

Some countries may require ITRs for the last three years. Nonetheless, many applicants are able to provide ITRs for the last two years. It's essential to confirm the specific requirements for the country you are applying to.

Documentation

Ensure that the ITRs you provide are properly filed and accurately reflect your financial status. Having recent and accurate financial records can increase the chances of a successful visa application.

Alternative Option: 2 Years ITR

Some sources suggest that if your financial statements and bank statements reflect a strong credit balance of at least 10 lakhs (approximately €10,500) consistently for the past six months, you may be able to provide ITRs for the last two years instead. Always check the specific requirements of the consulate or embassy to ensure compliance.

Medical Insurance

Medical insurance is a crucial requirement for a Schengen visa application. Your medical insurance policy should cover:

Medical Emergencies and Repatriation

The policy must cover medical emergencies and repatriation. The minimum coverage required is €30,000 or an equivalent amount in your local currency.

Duration of Coverage

The insurance should cover the entire duration of your planned stay in the Schengen area.

Additional Recommendations

To enhance your chances of obtaining the Schengen visa, consider the following:

Verify Specific Country Requirements

Always check the specific requirements of the consulate or embassy of the Schengen country you are applying to as they may have unique rules or preferences.

Consult a Visa Expert

If you are unsure about the requirements, it can be beneficial to consult a visa expert or a professional service to ensure that you have all the necessary documentation and meet the stipulated criteria.

Final Word

Proper paperwork and thorough preparation increase your likelihood of obtaining the Schengen visa. Providing as much documentation as possible and ensuring that all requirements are met can help streamline the application process and minimize potential delays.