No it is not compulsory, but definitely advisable to take one when you are travelling.
And the travel insurance not only covers your health, but also covers any accidental damages, provides financial assistance in cases of loss of passport, baggage, flight delays etc.
What countries require proof of travel insurance?
In an effort to protect themselves from the financial burden made by medical bills left unpaid by tourists, more and more countries are now requiring visitors to show proof of travel insurance before being allowed to enter.
- Czech Republic.
Is travel insurance required for international travel?
Travel insurance that covers repatriation and medical expenses is mandatory for a Schengen travel visa and travelers should look into Schengen compliant travel insurance plans only.
Is it mandatory to get travel insurance?
Insurance, however, is not compulsory for those who are younger. So, unless mandatory, most travellers do not take travel insurance.
Is it mandatory to have travel insurance for Europe?
Even though travel health insurance is worth having for all travelers to Europe, not everyone is required to have it. Travel insurance policy is a mandatory requirement only for travelers who need to apply for a Schengen visa.