A Ganesh Mandal in Mumbai has insured the lord for a whopping Rs five crore.
The idol of GSB Mandal in King's Circle is said to be the richest. This statue of the Lord is adorned with 60 kilos of gold and 175 kilos of sliver. His crown is also made of gold, and so are all his ornaments. And that's why the management has insured it.
Dinesh Pai, President, GSB Seva Mandal says, “We insure it every year according to its valuations, and we've been doing it for the last 15 years. Gold prices have risen this year. We have devoted two new ornaments to the deity this year.”
The insurance amount is a whopping five crore rupees, and it's insured by Iffco Tokyo General Insurance. GSB Mandal has to pay an annual premium of Rs 2.5 lakh. This Ganesha is undoubtedly one of the richest in town.
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