Mumbai's GSB Ganpati Gets Record ₹703 Crore Insurance Cover; 66 Kg Gold, 335 Kg Silver To Adorn Idol
Mumbai’s GSB Seva Mandal at King’s Circle has taken an insurance cover worth Rs 703.27 crore for its Ganeshotsav celebrations in 2026. The mandal, considered among the city’s most affluent Ganpati mandals, has substantially raised its insurance valuation over the past few years. It had secured coverage of Rs 474 crore in 2025 and Rs 400 crore in 2024. Dr Bhujang Pai, Convenor of GSB Seva Mandal,…
Mumbai's GSB Seva Mandal, located at King's Circle, has insured its Ganeshotsav celebrations for a record-breaking ₹703.27 crore in 2026. The insurance policy has seen a significant increase in recent years, from ₹474 crore in 2025 to the current amount. Dr Bhujang Pai, the Convenor of the GSB Seva Mandal, explained that the policy is intended to protect both the devotees and the valuable jewellery and assets associated with the festival.
The MahaGanpati idol will be adorned with over 66 kg of gold and more than 335 kg of silver, alongside precious gemstones. The rise in gold and silver prices has also contributed to the higher insurance amount. The GSB Seva Mandal will celebrate the 72nd edition of its Ganeshotsav festival in 2026, with the idol's first public unveiling scheduled for September 12 at 8 pm.
The five-day festival is expected to see over 1 lakh poojas and sevas, with more than two lakh devotees participating in Annadaan Seva, where Prasad Bhojan will be served to over 40,000 devotees daily on banana leaves. Sustainability will be a key focus of this year's celebrations, with the idol made from eco-friendly materials and a shift towards digital receipts for donations and sevas to minimize paper waste.
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