This is the highest insurance for any mandal. It is said that the idol itself will have gold of worth Rs. 22 Crore on it.
The insurance will cover the idol, gold, mandap and devotees from threats such as fire, terrorist attacks and riots.
Another, famous lalbaugcha Raja, Mumbai’s most popular mandal is insured for Rs 51 Crore.
Senior trustee Satish Nayak of the GSB mandal said, “We floated a tender and only nationalised insurers were allowed to participate. We do not bring in private players and don’t disclose the premium amount, but it is in Lakh. The insurance of the mandal is to the tune of Rs. 258.9 Crore”.
The Lalbaugcha Raja mandal has paid a premium of Rs 12 Lakh for its 51 Crore insurance.