The insurance is to cover costs totaling at least EUR 30 000 and be valid in all Schengen countries and throughout your stay.
You can provide either a policy from an insurance company based in Europe or one of the companies based in Pakistan. Only the listed insurance companies are accepted by the Embassies of the Schengen Countries in Pakistan. The choice of a health insurance is up to the Visa applicant. Find the list of approved insurance companies here.
Legal disclaimer: The list is subject to change and the embassy assumes no responsibility for its correctness,
When applying, you must prove that you have a medical travel insurance. You should also bring your insurance certificate with your during the trip since you may need to present it, e.g. at an entry checkpoint.
Exempted from the medical insurance requirement:
Persons with a diplomatic passport
Persons who apply for an airport transit visa
Persons who are relatives of an EU citizen (A Swedish citizen is not considered being an EU citizen in this context) e.g. his/her - husband or wife - registered partner - common law spouse - children under 21 years of age - older children who are financially dependent on their parents - parents who are dependent on their children in Sweden