Mumbai's richest Ganesh mandal buys record insurance worth Rs 316 crore
India Today
The Gaud Saraswat Brahman (GSB) Seva Mandal, in a first, has got an insurance cover of Rs 316.40 crore for Ganesh Chaturthi celebrations. Every devotee visiting the Mandal is covered under insurance for the 10-day festivities.
The Gaud Saraswat Brahman (GSB) Seva Mandal, one of the richest Ganesh Mandals in Mumbai, has got an insurance cover of Rs 316.40 crore for the upcoming Ganesh Chaturthi festivities. The GSB Seva Mandal was established in 1955 near King’s Circle in Matunga, central Mumbai.
Marking the first public celebration of Ganesh Chaturthi after a two-year-long hiatus due to Covid restrictions and lockdowns, the financial capital of India showed that they are not ones to back down.
A volunteer claimed that it is the highest insurance cover taken by a Mandal. Vijay Kamath, chairman of the GSB Seva Mandal, said, “All public liabilities and every devotee visiting the Mandal is covered under the insurance for the 10-day festivities.”
He further said, “The Mandal has also taken a Rs 1 crore standard fire and special peril policy with earthquake risk which covers furniture, fixtures, fittings, installations like computers, CCTVs and scanners. We are the most disciplined Ganesh Mandal, so it is our responsibility to secure every devotee of Bappa (Lord Ganesh)."
The insurance, worth Rs 316.4 crore, includes Rs 31.97 crore cover for gold, silver and other valuable items, and Rs 263 crore of personal insurance cover for the pandal, volunteers, priests, cooks, footwear stall workers, valet parking persons and security guards.
