Written by: Gazi Farhad, Senior Travel Consultant | Reviewed by: goFLY Travel Team
Last Updated: December 2025 | ⏱️ 8 min read
Last month, one of our customers was rushed to a Bangkok hospital with acute appendicitis. Emergency surgery. Five-day hospital stay. The bill? ৳4,80,000.
His travel insurance premium? Just ৳1,200.
Insurance payout: 100% covered. His out-of-pocket cost: ৳0.
That same week, another traveler skipped insurance to “save money.” Food poisoning landed him in the same city, same type of hospital. He paid ৳1,85,000 from his own savings.
Here’s the truth most Bangladeshi travelers don’t realize until it’s too late: travel insurance isn’t paperwork for your visa. It’s the difference between a minor inconvenience and financial disaster.
Whether you’re applying for a Schengen visa, planning a Thailand trip, or heading to Dubai, this guide covers everything you need to know.
| Scenario | With Insurance | Without Insurance |
|---|---|---|
| 3-day hospital stay abroad | ৳0 (covered) | ৳1,50,000 – ৳5,00,000 |
| Emergency evacuation | ৳0 (covered) | ৳15,00,000 – ৳50,00,000 |
| Lost luggage | Up to ৳1,50,000 reimbursed | Total loss |
| Trip cancellation | 80-100% refunded | Lose everything |
| 12+ hour flight delay | ৳5,000 – ৳15,000 covered | Pay yourself |
Average insurance cost for 7 days: ৳800 – ৳2,500
The math is simple. You’re spending ৳1,200 to protect ৳1,00,000+.
Let’s cut through the jargon. Here’s what you’re really paying for:
| Coverage | What Happens | Typical Limit |
|---|---|---|
| Medical Emergencies | Hospital, surgery, medications, ambulance | €30,000 – €100,000 |
| Emergency Evacuation | Air ambulance to bring you home | Up to €500,000 |
| Trip Cancellation | Family emergency before departure | Up to 100% refund |
| Lost Baggage | Airline loses your luggage | ৳50,000 – ৳1,50,000 |
| Flight Delays | Stuck at airport 12+ hours | ৳5,000 – ৳25,000 |
Be honest with yourself about these exclusions:
💡 Planning adventure activities in Indonesia or Thailand? Ask about an Adventure Sports Rider — costs just ৳500-1,500 extra.
| Destination | Minimum Coverage | Notes |
|---|---|---|
| All Schengen Countries | €30,000 (~৳3,55,000) | Germany, France, Italy, Spain, and 23 more |
| UAE/Dubai | $50,000 recommended | Required for visa |
| Saudi Arabia | Varies | Required for Umrah |
For official Schengen requirements, refer to the European Commission’s visa requirements page.
| Destination | Why You Need It |
|---|---|
| USA | A broken arm costs ৳10,00,000+. Seriously. |
| UK | NHS doesn’t cover tourists |
| Singapore | One hospital night = ৳50,000+ |
| Australia | Remote areas = expensive evacuations |
I’ll be direct: we’ve never had a customer regret buying insurance. We’ve had plenty regret skipping it.
Applying for a Schengen visa? Your insurance must meet these exact requirements, or your application gets rejected:
| Requirement | What It Means |
|---|---|
| Coverage Amount | Minimum €30,000 — no exceptions |
| Geographic Coverage | Valid in all 27 Schengen countries |
| Duration | Must cover your entire trip + buffer days |
| Evacuation & Repatriation | Both must be explicitly included |
| Deductible | Zero or near-zero |
| Provider | Must be on embassy-approved list |
⚠️ Common Mistake: Buying cheap insurance online that isn’t recognized by the embassy. Your visa gets rejected, you lose your appointment slot, and you start over. We’ve seen this dozens of times.
📖 Before your appointment, check our Schengen visa checklist — it includes exactly which insurance documents you need.
After processing thousands of policies, here are the providers we actually recommend — all regulated by Insurance Development and Regulatory Authority (IDRA) Bangladesh:
Best for: Schengen visas, business travel
Best for: Spain/BLS visa applications
Best for: High-value coverage, frequent travelers
Best for: Short trips, budget-conscious travelers
All four providers are embassy-approved. We’ll recommend the best fit based on your destination and budget.
Real pricing from 2025:
| Trip Duration | Asia | Middle East | Europe | USA/Canada |
|---|---|---|---|---|
| 7 days | ৳800-1,500 | ৳1,000-2,000 | ৳1,500-2,500 | ৳2,000-3,500 |
| 15 days | ৳1,200-2,200 | ৳1,500-3,000 | ৳2,500-4,000 | ৳3,500-5,500 |
| 30 days | ৳1,800-3,500 | ৳2,500-4,500 | ৳4,000-6,500 | ৳5,500-8,500 |
What affects your price:
“I thought travel insurance was just a visa formality. Then I slipped on wet stairs in Kuala Lumpur — fractured my ankle, needed surgery. Total bill was ৳3,20,000. Insurance covered everything, including my flight change to come home early. goFLY even helped me file the claim. I tell everyone now: never travel without insurance.”
— Kamal H., Dhaka
Malaysia Trip, October 2024
“My mother got sick two days before our Singapore trip. We had to cancel everything — flights, hotel, tours. Without insurance, we would have lost ৳95,000. Got back 90% within two weeks.”
— Nusrat A., Chittagong
Singapore Trip Cancellation, August 2024
No, but it's required for Schengen countries, UAE, and Saudi Arabia. For USA, UK, and Canada, it's technically optional — but skipping it is genuinely risky given healthcare costs there.
No. The policy must be from an embassy-recognized provider with minimum €30,000 coverage. We've seen visa rejections from travelers who bought cheap policies online. Our recommended providers are pre-approved by all Schengen embassies.
Most policies now include COVID coverage — medical treatment if you get sick abroad and trip cancellation if you test positive before departure. Always confirm before buying.
Generally excluded unless you declare them upfront. Some providers cover stable conditions (no treatment changes in 6-12 months) for additional premium. Never hide a condition — undisclosed conditions void your entire policy.
Yes, most policies can be extended abroad. Contact your insurer before your original policy expires. Rates may be slightly higher for extensions.
Depends on the provider. Some offer full refunds with rejection proof; others deduct an admin fee. Ask before purchasing.
Here’s how it works with goFLY:
| Step | What Happens | Time |
|---|---|---|
| 1. Contact Us | Call, WhatsApp, or email | 5 mins |
| 2. Get Options | We compare 2-3 providers for you | 30 mins |
| 3. Pay & Confirm | Secure payment | Instant |
| 4. Receive Policy | Certificate via email/WhatsApp | Same day |
| Channel | Contact | Response |
|---|---|---|
| 📞 Call | +880 1713-289175 | Immediate |
| +880 1713-289178 | Within 30 mins | |
| insurance@goflybd.com | Within 24 hours | |
| ☎️ Hotline | +880 9639-203090 | 24/7 |
We’ve processed 1,000+ travel insurance policies since 2017. Our team knows exactly what each embassy requires, which providers offer the best rates, and how to handle claims when things go wrong.
Our credentials:
goFLY Limited — Your Complete Travel Solution Since 2017
📍 1 Shukrabad Road, Dhaka 1207 | ☎️ +880 9639-203090 | 🌐 goflybd.com
Travel insurance isn’t about ticking a box. It’s about coming home without a financial nightmare. Don’t leave Bangladesh without it.
Disclaimer: Pricing and requirements accurate as of December 2025. Confirm current requirements with embassy and insurance provider before purchasing. goFLY assists in purchasing insurance from third-party providers; claims are processed directly by the insurance company.
goFLY Limited is an IATA-certified travel agency in Dhaka, Bangladesh. Flights, visas, tours & Umrah services since 2017.
IATA: 42337956
ATAB: 4298
Civil Aviation: 0007726