A Hindu Undivided Family (HUF) can take insurance policies for the benefit of its members. The premiums are paid from HUF income, and policies cover the lives of its members, offering tax-efficient planning. Salaries to members and investments made from HUF funds are deductible expenses, making it a smart tool for financial management. By securing insurance under HUF, families can protect their members while also creating tax-saving opportunities. It combines financial planning with family protection, ensuring both security and stability for the household as a whole.
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