I am applying through Italy for a Schengen visa. I have a complimentary travel insurance through my credit card. It is provided by 3rd party insurance company in Australia with which the bank has an agreement.
When I make a $500 transaction related to my travel on my credit card, I'm automatically eligible for travel insurance. It has unlimited medical benefits, as well as accident injury and repartriation costs.
Would this be a valid insurance for my visa?
My bank wouldn't provide any letter saying that I have this, as it is complimentary and only gives a Product Disclosure Statement (PDS). The insurer gave me a generic letter that states it has an agreement with my bank and credit card and references the PDS.
The letter has my name on it and the countries to which I'm travelling, but no dates are mentioned, as it automatically gets activated when I leave Australia, provided that I meet the eligibility, as mentioned above.
Is this letter sufficient?
I will also provide a copy of my credit card and transaction history to show I have fulfulled the eligibility by spending 500 AUD on my travels.
Would this meet the travel insurance requirement, or is it safer to actually purchase a policy through an insurance provider?