India is developing a construction project for the highest statue in the world, the total cost of which is over USD 500 million. The leading insurer of Kazakhstan, EURASIA, will participate by insuring the project, announced allinsurance.kz portal.

The total height of the Shivadji statue, an national Indian hero, should be 210 meters (over 2 times higher than Statue of Liberty in the USA), which will make it the highest in the world. Construction will include creation of an artificial island near the Mumbai coastline, as well as new berths and a helipad.

According to the Executive director of EURASIA, Samat KABDOLOV, "such a landmark statue for the Indian people and an immense project by international standards will be reinsured by the largest global companies. The list of insurers was carefully selected due to the project size and unpredictable climate conditions in India, which frighten many potential companies and may disrupt the construction process. Our company was not chosen randomly - we cooperate closely with our Indian partners in many different insurance areas".