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10 Future Business Ideas with High Potential 2025 and beyond

Business Ideas

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September 1, 2019

Which are future business ideas with high potential? How 2025 or beyond will look like from a business perspective? Well, if you are planning to start your own business you must consider future business trends instead of considering current trends. You must find out what is coming up in the future and try to build business across it.

To help you I am here with the 10 most promising high-potential future business ideas which you can adopt for making money. These business ideas broadly revolve around technology advancement, solving health-related issues, and finding out an alternate solution for the scarcity of natural resources.

Also Read – Top 10 New Business Ideas in India

10 Future Business Ideas with High Potential 2025

Technology-Driven Business Ideas

Smart Devices

Technology is changing people’s lives every day. We are living in a world full of smart devices. Starting from smartphones to home appliances everything is becoming smart. People are ready to accept smart devices and solutions to ease life. Thus starting smart device sales and services is a very good business option.

You can open your store where you can sell smart devices such as wearable, instant voice translators smart glasses, smartwatches, IoT devices, and robotic assistant devices. You require a lot of technical expertise and know-how about the operation of these devices to start this business.

Home Automation

Home Automation is a very good upcoming business idea. The concept of home automation is growing in India. In this business, you need to automate home operations. To do that you can first design a prototype by renting a house. You need to know about AI, IoT, Raspberry Pi, and programming. You need to atomize home functions such as a security system, lighting system, a device with voice control, etc. It is a very good business option with a lot of business potential.

Cyber Security

Cyber Security is next on the list of future business ideas. Cybersecurity means designing defensive systems for computer networks and peripherals against growing cyber-attacks. The defensive system is a combination of software such as antivirus, malware, and hardware such as firewall and anti APT devices using sandboxing techniques. If you are certified or expert in information security you can start this business.

Looking at growing incidents of cyber-attacks starting consultancy business is to cybersecurity is evergreen and business of the future. It is a low-investment business option.

Privacy Protection Firm

Data Privacy protection is a gray area with a lot of scopes. Due to the increasing usage of the internet and smart apps, your data such as name, address, mobile number, surfing habits, and other personal information are tracked by many companies. It is very difficult to protect your data from the online world. In a privacy protection firm, you need to design tools and technique to protect data. It is an innovative concept.

3D Printing Shop

3D printing is the way of the future. 3D printing can help you fabricate and print 3D items at low cost. This helps in saving a lot of time and money. In the future, you will find 3D printing shops where you can expect an architect model to be printed from a shop. Companies like Kinko’s have already started a 3D printing business.

Health-related Business Ideas

Healthcare

Health is wealth and health care-related business will always remain in demand. A future of health care includes technology that combines data on patient medical history, real-time health, etc. You have multiple business options in the healthcare industry. This includes virtual health, telehealth, sensors, biometrics, AI, and robotics. If you can learn these technologies the future will be yours.

Natural Food Restaurant

Food lovers will like this innovative concept of a natural food restaurant. A natural food restaurant is a place where food and juices are served with maximum organic and natural ingredients. The concept of natural food is growing globally. If you have the capital and you are planning to start an innovative food business you can start a natural food restaurant.

Natural Resource-related Business Ideas

Alternative Energy Generation

As all of us are aware the world is going through the pressing need for generating alternative energy source. The first future business idea under alternative energy generation is related to solar and wind energy. In this business, you need to manufacture or sell items related to solar and wind energy generation. It is a profitable business idea.

Natural & Reusable Bags

Reusable bags are next in the list of future business ideas. The usage of plastic items and plastic bags needs to be minimized to protect the environment. The government has already placed a ban on plastic bags. Thus starting a business of producing and selling reusable bags is a very good business option. You can make use of natural items and paper to produce natural and reusable bags.

Solar Pumping Water System

Water is one of the mandatory requirements of a human being. Today everyone is using submersible pumps and electricity to pump water, if you can make use of solar power and design a cheaper and reliable solar pumping water system you can rule the market. You need to do a lot of research to make a commercially viable product that uses solar power to pump water.

I hope the 10 Future business ideas mentioned above will help you in establishing your own business.

Top Online Bike Insurance Policy in India 2025

General Insurance

Shitanshu Kapadia

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August 29, 2019

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It’s very easy to purchase a bike insurance policy online. You will get a complete feature and cost comparison with a click of a button. You just need to feed require inputs and make payment to purchase bike insurance online. It is very quick, hassle-free and completely paperless. You can save a lot of time when you opt for an online bike insurance policy.

Bike Insurance provides coverage against theft, loss, and damage against an accident. It is mandatory in India to purchase two wheeler insurance as per the motor vehicle act. Apart from legal binding, it is good to have insurance coverage as it gives peace of mind and guards against financial losses.

online bike insurance policy

You will find multiple options for buying a bike insurance policy online. You have to be aware of your exact requirement and budget to get a good deal. If you are planning to purchase bike insurance and you are finding it difficult here is a complete guide that will help you in making your task simpler.

Also Read – Car Insurance Policy – Unusual Things you should know

In this post, I will cover topic like types of bike insurance policy, key features, and benefits of buying bike insurance online, key factors to consider while buying policy & top online bike insurance policy in India.

Importance of Bike Insurance

Bike Insurance policy provides protection against loss, damage and third party liabilities arising at the time of accident. Let’s understand importance of bike insurance via example.

Suppose Mr.X is bike owner decide not to purchase insurance policy due to whatever reason. Suppose he meets with an accident then entire cost of damage caused during accident will be borne by him. This includes third party damage cost. However, If Mr.X has purchased bike insurance policy the entire cost of damage and third party liability will be paid by insurance company.

Types of Bike Insurance Policies

There are two types of bike insurance policies available in the market.

Comprehensive Two Wheeler Insurance

Comprehensive two wheeler insurance policy is complete coverage policy that provide coverage against loss and damage due to fire, floor, accident and any other unfrozen events. It also covers third party liability claim.

Third party liability only Insurance

Third party liability only insurance is limited coverage policy. It only provide coverage to third party. You will not get coverage of loss or damage cause to your own vehicle.

Online Bike Insurance Key Features & Benefits

Key features and benefits offered by online bike insurance policy is given below.

Easy and hassle-free way to purchase insurance policy
Completely paperless process
Online Plan & Feature comparison
Online discount offers
Zero depreciation coverage
Transfer of no claim bonus
Personal accident coverage
Third party Insurance coverage
Instant policy issue

Key Factors to Consider before Buying Bike Insurance Policy

You should consider following factors before buying any online bike insurance policy.

Policy Premium

The first point you should consider before buying two-wheeler insurance is policy premium. The premium of two-wheeler is calculated based on various factors such as bike condition, claim history, age of vehicle and location. You should buy policy with affordable and competitive premium rates.

Policy Features

You should compare policy features before buying insurance policy. There are certain features which are good to have but you really don’t need them. So make sure to select the best policy features as per you requirement.

Claim Settlement Ratio

Claim Settlement ratio is one of the important indicator in deciding insurance policy. If claim settlement ratio of company is good that means company is settling claims. It is good to purchase insurance with company offering good claim settlement ratio.

Look for Add-on

Add-on is additional benefit that come at the little extra cost above your premium. The add-ons are like personal accident insurance, zero depreciation, medical coverage, pillion rider and cashless hospitalization.

Compare before buying

Always compare policy before buying. There are multiple insurance aggregator available online such as policybazaar that will help you in comparing insurance policies.

Top Online Bike Insurance Policy in India 2025

HDFC Ergo Two Wheeler Insurance

HDFC Ergo Two Wheeler Insurance is one of the best bike insurance policy online. You will get option to buy single year, long term and two wheeler liability only insurance policy at HDFC Ergo online portal. Key features of HDFC Ergo two wheeler insurance is given below.

Easy and fast online process
Overnight car repair service
24×7 Online support
Complete paperless operation
Zero Depreciation add on coverage
Emergency Assistance Cover
Good Claim settlement ratio

IFFCO Tokio Two Wheeler Insurance

IFFCO Tokio is one of the preferred insurance options by many for the two wheeler insurance. It is very easy to purchase online bike insurance from IFFCO Tokio. Key features of IFFCO Tokio two wheeler insurance policy is given below.

Zero depreciation coverage
Coverage from natural calamity flood, earth quake etc
No Claim bonus option
Cashless garage option for repair
Additional personal accident coverage
Third party liability coverage
Average claim settlement ratio

Reliance Two wheeler Insurance

Reliance Two wheeler insurance is presented by reliance general insurance. Reliance offers wide range of insurance coverage with very good features some of them are given below.

Quick and online issue of policy
Fast claim settlement via NEFT
Free repair and replacement service at designated garages
Competitive rates
Customized Add-on options
24×7 Customer support
Policy renewal up to 3 years

Bajaj Allianz Two wheeler Insurance

Bajaj Allianz is next in the list of Top Online Bike Insurance companies. Bajaj Allianz is known for innovative product, customer centric approach and services. Key features of Bajaj Allianz Two wheeler policy is given below.

Easy online purchase and renewal
24×7 customer support for claim settlement queries
SMS service for claim status
Add on – depreciation shield
Covers consumable expenses
No claim bonus
Free services in the selected garages

I hope you have got complete understanding of online two wheeler insurance policies and features.

If you have any query feel free to post it in the comment section given below.

Google Pay Gold – Smart Way to Buy Gold Online

Gold Silver

Shitanshu Kapadia

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August 27, 2019

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Google Pay Gold

Google Pay gold is one of the smart ways to buy gold online. Any Google Pay users in India can buy 99.99% pure 24 karat gold via Google Pay app. The gold purchased from Google Pay will be stored by MMTC-PAMP in secure vaults. The facility of buying gold online is already available through PayTm, Mobikwik, and PhonePe. I have already discussed the features of these apps in my earlier post – 5 Digital Gold purchase options. In this post, I will share detail about features of Google Pay Gold and How to buy Gold via Google Pay.

Google Pay Gold

Key Features

Gold purchased via this app will be 99.99% 24 karat gold.
Gold units purchased via this app will be allocated from MMTC-PAMP in a Gold Allocation Plan (GAP).
The gold rate displayed on this app will be nearly realtime and refreshed every few minutes.
The gold purchase via this method is 100% insured.
Google Pay PIN is required as additional security.
The minimum Gold purchase amount is Rs.1.
Linking of a bank account with Google Pay is required for making payment.
You can buy/sell gold or view your transactions via this app.

Prerequisite of Buying Gold via Google Pay

Before buying gold via Google Pay you need to comply with following prerequisites.

You need to provide permission to access your SIM and phone number to link it with your gold vault. Your current location access is required by app to fetch gold price from MMTC-PAMP. Your bank account must be linked to Google Pay to transfer money and purchase gold. Once you are through with above prerequisites you can go ahead and purchase gold via Google Pay.

How to buy Gold via Google Pay?

Download and Install Google Pay on your mobile.
Open Google Pay App.
Tap on new and enter “Gold Vault” in the search bar. You will be taken to Gold Vault.
Alternatively, you can go to the Business tab and click on the Gold Vault.
You will be able to see a buy button. On Tapping buy button current gold price including taxes will appear on the screen.
Click on the buy button enter the amount for which you want to buy the gold. The amount will be in INR.
You will be allowed to purchase gold worth Rs.49999 without KYC. For amount above this value, you need to go for KYC.
Now you need to select the preferred payment option. It is advisable to link your app with a bank account.
Now Tap on Proceed to Pay option. Your gold vault will be credited by gold units purchased by you.
You will not able to cancel a purchase after the transaction is processed. You can sell it back in the market as per market rate.

Buy Gold Google pay

The process of selling gold via this app is given below.

Open Google Pay app.
Go to Business tab and click on the Gold Vault.
You will be able to see the sell option.
Tap on sell and you can see the current market price.
Enter the amount of gold you want to sell in mg. Tap on tick mark for the confirmation.
Gold will be sold and your bank account will be credited with a gold amount.

Check Gold Transactions Google Pay

This app also allows you to check your gold transactions on the move. You will be able to see transaction amount, transaction status, vendor, To and From email ID as well as invoice number.

Open Google Pay app.Go to Business & Tap Gold Vault. Find the transaction you would like to see.

Click on the transaction and you will be able to see transaction details.

How to Order Physical Gold via Google Pay App?

You can also get physical delivery of Gold via this app. The gold will be delivered to your home. However, this service is not offered in all the areas. The process of ordering gold via Google Pay app is given below.

Open the app and find out Gold Vault. Tap on the delivery tab and enter PIN code for your delivery address. Tap next button and add gold which you want to order. Once you are ready click on the checkout button. Enter delivery address information and tap on Deliver to this address. After entering correct details click on Pay. You need to pay delivery charges and manufacturing charges for getting physical delivery. Select the payment option and proceed for payment. Once payment is made you will be able to track the status of delivery via Track Delivery option. Delivery is likely to take 1-3 days after placement of order.

Should you purchase Gold via Google Pay App?

It is very easy to buy gold via Google Pay. Anyone can purchase and even take physical delivery of the gold. However, before buying gold via Google Pay you need to consider important points given below.

The Gold Accumulation Plan (GAP) is valid for 5 years. If you are planning to purchase gold for long term this platform is not suitable for you.
The delivery of physical gold is limited to certain areas/address. You need to pay additional taxes, delivery charges and manufacturing charges for getting physical delivery of gold.
It is compulsory to do transaction within time period of 18 months. In case you fail to do so your account will become inactive.
Nominee facility is not available. In case of death of account holder, you need to follow the legal heir process which is time-consuming and cumbersome.
You need to check for applicable taxes and storage charges before buying gold using this app.
Gold purchased via this option is not completely secured.
Terms and conditions of MMTC-PAMP is subject to change anytime.

I hope you have got a complete understanding of god buy and sell process using google pay including benefit and drawbacks. You can buy gold using this app. However, if you are long term investor of Gold, I would recommend buying a Gold ETF.

ICICI InstaBIZ – Business App Review

Personal Finance

Shitanshu Kapadia

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August 22, 2019

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ICICI InstaBIZ

ICICI InstaBIZ is new business app launched by ICICI Bank. This business app is designed to facilitate instant banking and instant business. The target audience for ICICI InstaBIZ is MSMEs and self-employed customers. It is an integration of 115 different services under a single application. Few services offered under this app is completely new. ICICI InstaBIZ is completely free. There are no additional charges levied for using this app. You just need to download this app and register your business. Starting from payment to collection and business loan to foreign trade you can use this app for availing multiple services. Key features and the process of using this business app is given below.

ICICI InstaBIZ – Key Features

The key feature list of ICICI InstaBIZ business app is given below.

Bulk Payments – You can go for bulk payments by using this app. This means you can transfer funds to multiple people at the same time. It can be useful for making a salary at a single go. It allows you to upload multiple transactions and make a payment on the move.

Fund Transfer – It is very easy to do fund transfer using this app. You can use NEFT, RTGS, IMPS and UPI via this business app.

Bill Payment – You can make payment of utility bills such as electricity, gas, mobile, DTH from this app. It is also possible to recharge your DTH using this app.

Tax Payment – This app also allows you to make instant GST payment. You can also make TDS and advance tax payment via this app.

Cash withdrawal & pickup Request – You can give cash withdrawal or pickup request and book the slot. Cash will be delivered or picked up at your doorstep at a given time.

Payment Collection – Unique feature of ICICI InstaBIZ is payment collection. You can raise an invoice and collect payment via this app. The App will generate a link which will be used for making transaction.

Loans – You can avail instant overdraft facility up to 15 lakh using this app. It also allows you to apply for a business loan, personal loan, home loan and auto loan.

Foreign Trade – You will get an online foreign trade facility including view of all foreign trade transactions including compliance and bills.

Business Dashboard – It gives consolidated business dashboard showing all your sales, cash position, invoice and outstanding payments.

Networking Platform – This apps offers you free access to business networking platform. It helps in growing your business. You can connect with entrepreneurs with relevant business opportunities.

Role Specific Access – InstaBIZ offers the facility to provide role-specific access to users. You can assign a financial limit for specific employees.

Auto Reconciliation – Record keeping and reconciliation are pain areas of the businessman. This app helps to perform instant auto reconciliation. This will increase your business efficiency.

ICICI InstaBIZ app can be used by ICICI as well as Non-ICICI bank customers. However, for Non-ICICI bank customer number of features will be limited. They will be able to open current account. This app also help them in getting overdraft loan up to 10 lakh after uploading KYC and bank statements.

Also Read – Best Digital Saving Account in India 2019

InstaBIZ Installation and Activation

You can download InstaBIZ from Google Play store. Once app is downloaded install the same in your mobile.
On opening app you will be able to see login page where you will be find three different options. You can login as current account holder, register as guest or download iMobile app.

ICICI InstaBIZ

If you are Non-ICICI customer you can register as guest and opt for basic functionalities.
If you are ICICI customer you can login using customer account user ID and password.
Once you are login you will be able to explore all features of this app.

If you are looking for demo or if you have any query you can use ICICI website to request call back for this application.

ICICI InstaBIZ Review

InstaBIZ is unique business application that helps you to run and grow your business. Benefits and drawback of this app are given below.

Benefits

115 different services under single app.
Unique features such as GST payment and auto reconciliation.
Doing all transactions on the move anywhere anytime.
Business promotion and networking facility.
Integration with POS machine for payment collection.

Drawbacks

The App is available for the Android users only.
Full functionality is offered only if you are ICICI customer.
Sometimes application performance is slow. It takes time to complete the transaction.

Overall it is a wonderful app for the MSME, self-employed and small business owner. It is an example of ease of doing business and digitization in true sense. You must try this business app once.