Igniting Minds: Empowering India’s Future Innovators at IL Igniting Minds Season 3

ICICI Lombard, in collaboration with IIT Bombay, concluded its 2025 IL Igniting Minds competition, engaging over 4,000 students across 500+ institutes. The initiative focused on addressing the critical SME insurance growth in India, and highlighted innovative ideas for product design, digital tactics, and distribution strategies.

ICICI Lombard has wrapped up the 2025 edition of its flagship business case-study competition, IL Igniting Minds – Season 3, partnering with IIT Bombay's E-cell. This year's event has become the largest in its history, attracting more than 4,000 student registrations from over 500 esteemed institutions.

Focusing on the theme “Unlocking SME Insurance Growth in India,” the competition addressed the insurance industry's longstanding gaps among the country's 6.3 crore SMEs. The challenge invited students to design strategies that enhance insurance adoption within this vital economic segment.

The competition witnessed its winning presentation from IIT-Delhi and the first runner-up from IIM Ranchi. These finalists impressed ICICI Lombard's senior management with insightful solutions. Ms. Sheena Kapoor noted the inspiring nature of the contest and emphasized the innovative spirit among India's youth.