City’s wealthiest GSB Ganeshotsav mandal takes a record ₹316cr cover
The Times of India Mumbai|August 23, 2022
As in earlier years, the public sector company New India Assurance is the insurer.
Bella Jaisinghani
City’s wealthiest GSB Ganeshotsav mandal takes a record ₹316cr cover

Mumbai: The city’s wealthiest Ganeshotsav mandal, GSB Seva Mandal, King’s Circle, has taken an insurance policy worth a record sum of Rs 316.4 crore for its five-day festival.

GSB had previously taken a similarly big policy of Rs 300 crore in 2016. This year, mandal officials did not say if the sum had increased due to the appreciating value of their gold reserves, or if more items or valuables were covered.

Its Maha Ganpathi is decorated with approximately 66kg of gold ornaments, and 295-plus-kg of silver and other precious items.

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