Mumbai’s Richest GSB Ganpati insured for over Rs 360 crore
The GSB Ganesh Seva mandal is located in the King’s Circle area of Mumbai and is visited by commoners and celebrities.
This year is the 69th year of the public Ganesh celebrations for the GSB Seva Mandal.
“Our Ganesh mandal has been insured for Rs 360.40 crore,” said Amit D Pai, trustee and spokesperson of GSB Seva Mandal.
“Of the Rs 360 crore, Rs 38.47 crore is an all-risk insurance policy that covers a variety of risks for gold and silver articles and jewellery; Rs 2 crore is the standard fire and special peril policy including earthquake risk. Rs 30 crore is a public liability cover that secures the pandal and devotees. The largest portion of Rs 289.50 crore is personal accident insurance cover for volunteers and staff,” said Pai.
The increased cover cost is a result of the uptick in gold prices which also has a direct effect on the value of jewellery the idol will be adorned with. The GSB idol is decorated with gold ornaments weighing 66 kilograms and silver ornaments weighing 295 kilograms.
