HAI requests Finance Minister to restore insurance premium rates for hotels prevailing in 2018-19

Hotel Association of India (HAI) has submitted a recommendation to Finance Minister Nirmala Sitharaman, highlighting the steep rise in insurance premiums for hotel properties in the last few years. HAI has urged the government to restore the insurance premium rates for hotel properties to the level of FY 2018-19. MP Bezbaruah, Secretary-General, HAI said, “The current very high insurance premium rates as compared to pre-FY 2018-19 is a major disincentive.”