Question

Who will be the owner of a policy affected under HUF?

a.

The Karta

b.

The coparceners

c.

The member who benefits from the policy

d.

HUF itself

Answer: (d).HUF itself Explanation:A policy affected under HUF does not have the provision for appointment of nominee etc. as HUF will be the owner of the policy.

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Q. Who will be the owner of a policy affected under HUF?

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