Mumbai’s GSB Seva Mandal, famous for its grand Ganesh Chaturthi celebrations at King’s Circle, has once again set a new benchmark in festival safety. For its 71st year of celebrations (August 27–31, 2025), the mandal has insured the event for a record ₹474.46 crore, close to ₹5 billion.
This massive cover, arranged through New India Assurance and other insurers, highlights how religious events are increasingly embracing modern risk management.
What the Insurance Covers
| Category | Coverage Amount | Details |
|---|---|---|
| Personal Accident | ₹375 crore | Covers thousands of volunteers, priests, cooks, valets, and security staff |
| Jewelry Insurance | ₹67 crore | 66 kg gold and 336 kg silver adorning the Ganesh idol |
| Public Liability | ₹30 crore | Coverage for stadium, pandal areas, and devotees |
| Assets & Venue | ₹2.43 crore | Furniture, digital systems, and venue premises |
Chairman Amit Pai explained that the jump from last year’s ₹400 crore policy to this year’s ₹474 crore is due to rising gold and silver prices and an increase in volunteer participation.
Why Festival Insurance Matters
- Safeguarding Devotion & Assets
Festivals like Ganesh Chaturthi involve crores of rupees in jewelry, decoration, and public arrangements. Insurance ensures these investments are protected. - Volunteer Safety First
With thousands working round the clock, personal accident insurance gives families peace of mind. - Economic Impact Beyond Faith
Ganesh Chaturthi drives nearly ₹1 lakh crore worth of economic activity across India—artisans, idol makers, florists, sweet sellers, transporters, and insurers all benefit. - Growing Awareness
Event insurance is now spreading beyond Mumbai, with pandals in Pune, Hyderabad, and Bengaluru also opting for covers against fire, theft, and accidents.
For more details on this year’s coverage, also read our full story: Record ₹474 Crore Insurance for Mumbai’s GSB Seva Mandal .
Why It Matters
Ganesh Chaturthi is more than just a celebration—it is also a reflection of India’s blend of tradition and modern protection. The ₹5 billion insurance cover proves how faith, finance, and safety go hand in hand in today’s times.
If you want to explore how insurance can protect your family and community events, check out our Insurance+ section.
And if this inspires you to consider a career in helping people secure their lives and dreams, you can Become an Insurance Agent with HDFC Life
🔒 Insurance Protects. 🚀 Insurance Empowers.
Whether you want to secure your family & community with the right plans, or start your own journey as an Insurance Advisor — we’ve got you covered.
