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"We have taken out two separate insurance policies from the private company, Bajaj Alliance, for which we have already paid a premium of Rs.140,000," Joshi said.
The Ganesh pandal - as the marquees are known, its decorations and lighting have been erected over the past two months at a cost of nearly Rs.26.5 million. In case of any mishap, this will be fully covered by the insurance company as per its usual terms and conditions.
Similarly, the second component of Rs.10.1 million will provide cover to the huge crowds of devotees in case of any kind of accident.
Although Joshi declined to comment on the reasons for this unprecedented decision, terrorist activities in neighbouring states like Gujarat and Karnataka could have prompted the organisers to go in for insurance.
Mumbai's most-awaited idol of Lord Ganesh - the 12-ft-tall Lalbaugcha Raja - arrived Sunday at its traditional venue in Parel.
For the first time in its 75-year history, Mumbai's popular Ganesh idol known as Lalbaugcha Raja and its massive marquee have been insured for a whopping Rs.26.5 million (nearly $600,000).
Another insurance policy of Rs.10 million has been taken for the 1.5 million devotees likely to visit the venue at Parel in central Mumbai during the 10-day long Ganesh Chaturthi festival.
Here is a video showing this years Lalbaugcha Raja ( 75th year)
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"We have taken out two separate insurance policies from the private company, Bajaj Alliance, for which we have already paid a premium of Rs.140,000," Joshi said.
The Ganesh pandal - as the marquees are known, its decorations and lighting have been erected over the past two months at a cost of nearly Rs.26.5 million. In case of any mishap, this will be fully covered by the insurance company as per its usual terms and conditions.
Similarly, the second component of Rs.10.1 million will provide cover to the huge crowds of devotees in case of any kind of accident.
Although Joshi declined to comment on the reasons for this unprecedented decision, terrorist activities in neighbouring states like Gujarat and Karnataka could have prompted the organisers to go in for insurance.
Mumbai's most-awaited idol of Lord Ganesh - the 12-ft-tall Lalbaugcha Raja - arrived Sunday at its traditional venue in Parel.
For the first time in its 75-year history, Mumbai's popular Ganesh idol known as Lalbaugcha Raja and its massive marquee have been insured for a whopping Rs.26.5 million (nearly $600,000).
Another insurance policy of Rs.10 million has been taken for the 1.5 million devotees likely to visit the venue at Parel in central Mumbai during the 10-day long Ganesh Chaturthi festival.
Here is a video showing this years Lalbaugcha Raja ( 75th year)
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Tell a friend
Bury
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