Mumbai’s Wealthiest Ganesh Mandal Secures Record ₹474 Crore Insurance Cover

Brief by Shorts91 Newsdesk / 12:00pm on 21 Aug 2025,Thursday India

Mumbai’s richest Ganesh mandal, GSB Seva Mandal in King’s Circle, has arranged a historic ₹474.46 crore insurance package for the upcoming Ganeshotsav—significantly above last year’s ₹400 crore cover . Underwritten by New India Assurance, it includes ₹375 crore in personal accident protection for volunteers, priests, cooks and security staff; ₹67 crore covering gold, silver and jewellery; ₹30 crore public liability; ₹2 crore for fire and natural calamities; and ₹43 lakh specifically for venue premises . The increase reflects soaring bullion valuations and expanded personnel involved in the festival. 

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