ICICI Lombard and IIT Bombay Concluded IL IGNITING MINDS 2025 Case Study Competition

ICICI Lombard and IIT Bombay Concluded IL IGNITING MINDS 2025 Case Study Competition

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Sanjana
Sanjana Surbhi
Assistant Manager
New Delhi, Updated on Nov 27, 2025 15:08 IST
ICICI Lombard concluded IL Igniting Minds business case study competition where students got opportunity to showcase ideas to senior management. ICICI Lombard concluded IL Igniting Minds business case study competition where students got opportunity to showcase ideas to senior management. ICICI Lombard concluded IL Igniting Minds business case s

ICICI Lombard concluded  IL Igniting Minds business case study competition where students got opportunity to showcase ideas to senior management. 

ICICI Lombard and IIT Bombay Concluded IL IGNITING MINDS 2025

ICICI Lombard and IIT Bombay Concluded IL IGNITING MINDS 2025

ICICI Lombard has concluded 2025 edition of its flagship business case study competition, IL IGNITING MINDS season 3, in collaboration with IIT Bombay. Designed to give young innovators real world platform to solve meaningful industry challenges, this initiative has received 4000+ student registrations from 500+ institutes. The theme for this year’s challenge, “Unlocking SME Insurance Growth in India,” focuses on underserved segments of economy. 

Through this competition, ICICI Lombard invites students to reimagine product design, digital enablement, distribution and outreach strategies that can make insurance adoption seamless, impactful and affordable for small and medium businesses. Building on past editions conducted with institutes such as IIM Calcutta & IIM Lucknow and NMIMS together engaged over 4,500 students from more than 700 campuses.  

Sheena Kapoor Head Marketing, Corporate Communications & CSR, ICICI Lombard, said, “The 3rd season of IL Igniting Minds has been truly inspiring. What began as a simple idea has now connected us with 4000+ students across 500+ campuses. The finalist teams presented real-life case studies, challenges and problems to our senior management with clarity, depth and intelligence. Moments like these reaffirm our belief that the future of India rests in brilliant and responsible hands.”  

IL Igniting Minds business case-study competition, season 3 was conducted at the ICICI Lombard Office in Mumbai where the students had an opportunity to showcase ideas to the senior management of the company. The winning team was from IIT Delhi and the first runner-up was from IIM Ranchi. 

Q:   Which is better for pursuing a BDes - IIT Bombay or NIFT Mumbai?
A:

Both IIT Bombay and NIFT Mumbai are recognised for their BDes course. For better comparison, below are some parameters to compare BDes programme of both the institutes:

Parameter IIT Bombay NIFT Mumbai
Total tuition fee* INR 8 Lacs - INR 11.6 lakh INR 5.6 Lacs - INR 11.7 lakh
Overall NIRF Ranking 2023 4 NA
Specialisation Industrial Design, Communication Design, Animation, etc. Fashion Design, Fashion Communication, Textile Design, etc.
Selection criteria UCEED NIFT Entrance Exam

*The fee is taken from an unofficial source. Hence, data might vary.

Q:   Is IIT Bombay better than IIT Guwahati for MDes?
A:

Below is the comparison between IIT Bombay and IIT Guwahati MDes course based on ranking and fee:

IITs Total Tuition Fee* NIRF Overall Ranking (2023)
IIT Bombay INR 1 lakh 4
IIT Guwahati INR 1.1 lakh 9

*The fee is taken from an unofficial source. Hence, is indicative.

Q:   Is IIT Bombay fee similar to other IITs for BTech?
A:

Yes, IIT Bombay fee for BTech is similar to other IITs. The total tuition fee for BTech is INR 8 lakh. Check below IIT Bombay and other IITs BTech fee along with their rankings:

Top-Ranked IITs

NIRF Rank (2024)

Fee

IIT Bombay BTech 3 INR 8 lakh
IIT Delhi BTech

2

INR 8 lakh

IIT Kanpur BTech

4

INR 8 lakh

IIT Kharagpur BTech 5 INR 8 lakh
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Sanjana Surbhi
Assistant Manager

Sanjana Surbhi is education focused content specialist with over five years of experience in education sector. She covers engineering and government exams. She holds Bachelor’s degree in Mass Communication from Patn

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