logo
Zaggle Prepaid shares jump 3% after company signs 5-year agreement with DTDC

Zaggle Prepaid shares jump 3% after company signs 5-year agreement with DTDC

Business Upturn02-07-2025
By Aman Shukla Published on July 2, 2025, 09:21 IST
Zaggle Prepaid Ocean Services shares jumped 3% in morning trade after the company announced a new five-year agreement with DTDC Express Limited. As of 9:20 AM, the shares were trading 3.26% higher at Rs 426.55.
As part of the deal, Zaggle will provide two of its flagship fintech products—Zaggle Zoyer and Zaggle Save—to DTDC. These solutions are aimed at improving employee expense management and benefits, helping DTDC streamline operations and enhance employee satisfaction.
While the financial value of the contract hasn't been disclosed, the partnership is considered a notable domestic win for Zaggle. The company will be responsible for implementing and managing these digital tools throughout the duration of the agreement.
The deal does not involve any promoters or related parties and follows standard business norms.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Looking for a 1 Crore Term Life Insurance Policy in India? Here's What to Know
Looking for a 1 Crore Term Life Insurance Policy in India? Here's What to Know

Business Upturn

time2 hours ago

  • Business Upturn

Looking for a 1 Crore Term Life Insurance Policy in India? Here's What to Know

Securing financial protection for your loved ones is a top priority, especially in today's unpredictable world. For many Indians, a 1 crore term insurance policy offers an affordable and straightforward way to safeguard the family's future in case of an untimely demise. Term life insurance is one of the most sought-after products due to its high coverage and low premium structure. This article provides an in-depth understanding of choosing a 1 crore term life insurance policy in India. From eligibility criteria and benefits to premium factors and key features, you'll find valuable insights to make a well-informed decision. What is a 1 crore term insurance policy A 1 crore term insurance policy is a type of term life insurance that provides a fixed sum assured of Rs. 1 crore to the nominee upon the death of the policyholder during the policy tenure. Unlike traditional life insurance plans that combine savings and protection, term life insurance is pure protection without any maturity benefits. Term insurance policies generally have tenures ranging from 10 to 40 years, ensuring financial security during the policyholder's most productive years. This makes a 1 crore term life insurance policy ideal for individuals looking to cover liabilities such as home loans, children's education, or family maintenance. Benefits of a 1 crore term life insurance policy Here are the major benefits of a 1 crore term life insurance policy: High sum assured at affordable premiums One of the primary advantages is the high coverage amount at relatively low premiums. Term insurance plans do not carry investment components, so you get maximum protection for minimum cost. Financial security for dependents The nominee receives Rs. 1 crore if the policyholder passes away during the policy term. This financial boost can cover everyday expenses, liabilities, and future goals. Tax benefits under income tax act Premiums paid for term life insurance qualify for deductions under Section 80C, up to Rs. 1.5 lakh per annum. Additionally, the sum assured paid to the nominee is exempt from income tax under Section 10(10D). Flexible tenure and riders Policyholders can customise the tenure based on their personal and financial needs. Many insurers offer riders such as critical illness cover, accidental death benefit, and waiver of premium, enhancing overall protection. Eligibility criteria and documents required The below is the eligibility criteria and documents required for a life insurance policy: Eligibility for 1 crore term insurance Typically, Indian insurers accept applicants aged between 18 and 65 years for term insurance. However, exact eligibility depends on the insurer and policy under consideration. Health and occupation also affect acceptance and premium rates. Some insurers offer specialized plans for smokers, people with pre-existing conditions, and high-risk occupations. Documents required – Proof of identity (Aadhaar card, PAN card, passport) – Address proof (utility bill, ration card, voter ID) – Age proof (birth certificate, school leaving certificate) – Income proof (salary slips, IT returns) – Medical reports, if required during underwriting Ensuring correct and complete documentation accelerates policy issuance. Understanding premium factors for a 1 crore term insurance The premium for a 1 crore term life insurance policy depends on multiple variables: – Age: Younger applicants pay lower premiums as risk of mortality is less. – Health condition: Good health and absence of chronic diseases reduce premium rates. – Gender: Females usually enjoy lower premiums due to higher life expectancy. – Policy term: Longer tenures increase premium costs. – Occupation and lifestyle: High-risk jobs or habits like smoking lead to higher premiums. – Riders chosen: Adding extra benefits increases the total premium. For example, a healthy 30-year-old non-smoker male may pay around Rs. 7,000 to Rs. 9,000 annually for a 1 crore term insurance policy with a 30-year tenure. However, exact premiums vary across insurers. Important features to compare in term life insurance policies Choosing the right term life insurance involves careful comparison of the following features: – Sum assured and claim settlement ratio: Ensure the insurer has a high claim settlement ratio (above 95%) for smooth claims processing. – Premium payment options: Annual, half-yearly, quarterly, or monthly payment modes should be available. – Policy tenure flexibility: Choose policies with tenure that align with your financial goals. – Rider options: Riders such as accidental death, critical illness, and premium waiver can provide additional coverages. – Renewal and conversion options: Some policies allow conversion to whole life or endowment policies without fresh medical exams. – Exclusions and terms: Read the policy document carefully to understand exclusions (e.g., suicide clause) and terms related to claim settlement. Tax benefits on 1 crore term insurance policy in India Tax benefits remain one of the strongest incentives for buying term life insurance in India: – Premiums paid are eligible for deductions under Section 80C, up to Rs. 1.5 lakh. – Upon policyholder's death, the payout to nominees is exempted from income tax as per Section 10(10D). – There are no GST charges on term insurance premiums, keeping the cost competitive. These benefits combined make term insurance not only a protection tool but also an effective way to save tax. How to buy a 1 crore term insurance policy online The online route has made purchasing term life insurance fast, transparent, and convenient for Indians. Steps include: Compare plans online using trusted insurance aggregators or individual insurer websites. Use online calculators to estimate premiums based on age, health, and desired tenure. Fill out the application form with accurate personal and medical details. Complete payment through secure online modes. Upload required documents digitally. Undergo medical examination if mandated. Receive policy documents via email or physical copy within days. Buying online also gives access to instant policy issuance for many insurers, saving time and paperwork. Claim process for 1 crore term insurance policies In the unfortunate event of the policyholder's death, the nominee should file a claim with the insurer. The general process involves: – Submitting the death certificate and policy documents. – Providing any additional documents such as medical reports, FIR (if accidental). – Claim verification by the insurer. – Settlement of the claim amount, usually within 30 days of complete documentation. Insurers with a smooth and high claim settlement track record reduce stress for beneficiaries during tough times. Conclusion A 1 crore term life insurance policy remains a highly recommended financial tool to secure your family's future. It offers extensive coverage at affordable premiums with tax advantages tailored for the Indian audience. Understanding eligibility, premium components, policy features, and the claim process helps you select the best term insurance plan that meets your requirements. Before finalising, compare plans online, carefully review terms and riders, and ensure timely premium payments. Doing so will provide peace of mind knowing your loved ones will have financial protection when it matters most. Ahmedabad Plane Crash

Brigade's BuzzWorks expands in Hyderabad with new premium workspace at HITEC City
Brigade's BuzzWorks expands in Hyderabad with new premium workspace at HITEC City

Business Upturn

time4 hours ago

  • Business Upturn

Brigade's BuzzWorks expands in Hyderabad with new premium workspace at HITEC City

By Aman Shukla Published on July 15, 2025, 16:38 IST BuzzWorks, the flexible workspace brand by Brigade Group, has opened its latest centre at Mindspace Business Park in HITEC City, Hyderabad. Spanning over 50,000 sq. ft. and offering 1,000 seats, this new addition signals BuzzWorks' expanding presence beyond Brigade-owned properties and reinforces its focus on delivering high-quality, managed office spaces in prime commercial hubs. Strategically located in the buzzing IT corridor of Cyberabad, the new centre is designed with everything today's professionals need — from a cafeteria, wellness room, collaborative zones and recreation spaces, to meeting rooms, phone booths and a common boardroom. This is BuzzWorks' second centre in Hyderabad, following the success of its Auro Orbit workspace, which was themed around 'Urban Forest.' The new space embraces a 'ModZen' theme — a thoughtful blend of modern functionality with Zen-inspired calm — capturing Hyderabad's balance between tech-driven growth and a peaceful lifestyle. Convenience is another key highlight. The centre has direct skywalk access to Raidurg Metro Station (just 650 metres away), and is well-connected via public transport, cabs, and ample in-campus parking. It also offers easy access to the airport, railway station and business hubs like Gachibowli. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Cupid makes strategic investment in GII Healthcare to enter Middle East market
Cupid makes strategic investment in GII Healthcare to enter Middle East market

Business Upturn

time4 hours ago

  • Business Upturn

Cupid makes strategic investment in GII Healthcare to enter Middle East market

By Aman Shukla Published on July 15, 2025, 16:03 IST Cupid Limited, a well-established Indian manufacturer of personal care and health products, has announced a strategic investment in GII Healthcare Investment Limited. The move marks Cupid's first step into the Middle East healthcare space, aligning with its broader plan to expand internationally. GII Healthcare Investment Limited is managed by Gulf Islamic Investments (GII), a financial services firm with assets under management of over US$3.5 billion. GII operates across several regions including Saudi Arabia, the UAE, Europe, the USA, and India. The healthcare investment vehicle holds a significant minority stake in a leading healthcare provider based in Saudi Arabia. Through this investment, Cupid aims to explore growth opportunities in global markets, particularly those with strong demand in healthcare and wellness. The company manufactures a wide range of health and personal care products such as hygiene items for men and women, diagnostic kits, fragrances, and other fast-moving consumer goods. Cupid stated that this move is in line with its long-term business strategy focused on preventive healthcare and expanding its global footprint. The company also reaffirmed its commitment to responsible growth and aligning business decisions with shareholder interests and corporate values. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store