Mumbai’s GSB Seva Mandal, one of the city’s most prominent Ganesh mandals, has taken a staggering insurance cover of ₹474.46 crore for its five-day Ganpati celebrations this year, an official confirmed on Friday.
Last year, the insurance cover stood at ₹400.58 crore. The celebrations, held at King’s Circle in Sion, will commence on August 27 with Ganesh Chaturthi and continue for five days.
“The Ganesh idol is adorned with over 69 kg of gold ornaments, more than 336 kg of silver, and other precious offerings from devotees,” said Amit Pai, Chairman of GSB Seva Mandal, in a statement. This year marks the 71st Ganeshotsav celebration of the mandal, which is widely regarded as the richest in the country.
Out of the total cover, ₹67.03 crore is allocated for gold, silver, and other ornaments. Around ₹375 crore covers personal accident insurance for volunteers, priests, cooks, valets, security guards, and footwear stall workers. Additionally, ₹30 crore is reserved for public liability, covering pandals, stadiums, and devotees.
The policy also includes a standard fire and special perils cover for furniture, fixtures, digital assets, and other materials at the venue.
“Beyond the celebrations, GSB Seva Mandal supports education for underprivileged sections of society, ensuring equal opportunities and societal progress,” Pai added.
