IdeationX 2.0

India is among the fastest-growing economies globally and is on its way to becoming the 3rd largest economy in the world. It is transforming, and along with it, our risks, needs, and aspirations are evolving.

Eligibility:

• IdeationX is open to students of select 100+ colleges irrespective of their specialisation & passing out year.
• Students must register in teams of 3 members.
• A student can be a part of only one team.
• Cross-specialisation & cross-year teams are permitted.
• Cross-college teams are not eligible.
• Any deviation from the above will result in immediate disqualification of the entire team.

Competition Structure:

  1. Idea Screening Submission: Submit a 2-minute elevator pitch outlining your innovative solution to a key challenge in the insurance industry. Highlight the core idea, its impact, and its feasibility within the industry context.
  2. Detailed Summary Round: Expand your executive summary into a comprehensive 8-10 slide presentation, delving into the specifics of your solution, including implementation strategies, market impact, and potential challenges. This round will assess the depth and practicality of your proposal.
  3. Zonal Semi-Final Phase (Offline): Compete against the best teams from your zone in a high-stakes, in-person pitch at one of our four regional hubs. Showcase your detailed proposal to a panel of industry experts and earn your spot in the Grand Finale.
  4. Grand Finale Phase (Offline): Present your innovative solutions to top executives of SBI Life and industry leaders, and compete for the title of IdeationX champion in person.

Rewards:

• Winner: The winning team will receive a total cash prize of INR 1 Million, along with goodies, certificates and trophies.
• First Runners-Up: The team securing second place will be rewarded with a cash prize of INR 500K, along with goodies, certificates and trophies.
• Second Runners-Up: The team securing third place will receive a cash prize of INR 300K, along with goodies, certificates and trophies.
• Semi-Finalists: All semi-finalists will receive exclusive goodies and certificates.
• Select participants may stand a chance to win PPIs with SBI Life.
• Get a chance to be featured in an exclusive episode on CNBC.
• Select participants may get to interact with a celebrity.

Rules:

• Teams must submit their 2-minute video pitch and detailed case solutions by the specified deadlines. Late submissions will not be considered.
• All team members must be currently enrolled students.
• The same team composition must be maintained throughout the competition.
• Plagiarism is strictly prohibited. Any team found to have plagiarised content will be disqualified.
• Teams selected for the semi-finals and grand finale must attend the events in person. No virtual presentations will be allowed.
• Students whose parent’s (mother or father or both) are currently working with SBI Life Insurance are not allowed to participate in the competition. If at any stage of the competition the management is intimated of the same, the said student will be disqualified.
• The decisions of the judges is final and binding.

Join us in IdeationX 2.0 and contribute to shaping the future of insurance. May the best minds win!