I have some close relatives still living in India and I need to transfer money to them to support them financially. Times have become tough for them and it seems that they need some financial help from me. I do not mind sending them money because they have done so much for my family in the past, and without their help in the past, I wouldn't be able to accomplish what I have achieved today financially.
I have heard of Western Union transfer services, and other companies offering wire money transfer but their fees could be quite high. I am thinking of transferring a certain amount of money regularly in CDN dollar to be converted to Indian Rupees. I am also worried that if in case, something happens to the money being transferred, I would like to have assurance that I would be compensated for the loss in money transit. Will there be a problem for my relatives when they go to claim the money transfer from me?