SBI Life Introduces IdeationX to Inspire Insurance Innovations amongst Young MindsState Bank of India Life Insurance Company Limited (SBILIFE), one of the leading private life insurance companies in India has launched its 1st edition of IdeationX, a groundbreaking initiative that aims to transform the future of the insurance industry.
Key Objectives of the Initiative:
i.In alignment with the Insurance Regulatory and Development Authority of India’s (IRDAI) vision of ‘Insurance for All by 2047’, SBI Life’s IdeationX is an innovative platform that aims to encourage and engage the young aspiring minds from the B-Schools across the country to come up with new ideas and innovative solutions that would cater to the emerging insurance needs of the people.
ii.The opportunity provided to the future leaders of the country will help in reshaping the insurance sector and thereby achieving sustainable growth through the new product solutions brought to light by the aspiring minds.
Highlights of the Initiative:
i.The 1st edition of the IdeationX saw keen involvement of over 1000 aspiring candidates representing different B-Schools like National Insurance Academy (NIA) in Pune (Maharashtra), NIRMA in Ahmedabad, South Indian Education Society (SIES) in Mumbai(Maharashtra), KJ Somaiya in Mumbai, International Management Institute (IMI) in Kolkata (West Bengal), Brij Mohan Lall (BML) Munjal in Gurgaon ( Haryana), Institute of Management Technology (IMT) in Hyderabad (Telangana), and Xavier Institute of Management and Entrepreneurship (XIME) in Bengaluru (Karnataka).
ii.After the screening test, around 320 students got selected, and the final round had eight finalist teams, out of which XIME-Bengaluru emerged victorious, clinching the title of SBI Life Ideation X winner.
About SBI Life Insurance – 
SBI Life Insurance is a leading insurance company that was incorporated in October 2000 and was registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.
MD & CEO – Amit Jhingran
Headquarters – Mumbai, Maharashtra
Tagline – Apne Liye, Apno Ke Liye