Finance, Forex and Investments

I have taken 4 insurance policies for my family (4 members) with ALICO in the Gulf. We are indian nationals.?

My concern is that with the drop of US Dollar value compared to our local currency - Indian Rupee, i fear that these policies value will be worth less than the cost incurred in paying the premium. Could anyone advice, if I should drop these policies? The plans are 2 Education Plans and 2 Life.-Thanks

Public Comments

1. Hi, When Indian rupee value appreciates, you end up paying less every quarter in Indian rupees towards premium and who knows when your policies mature, the US$ may have Rs.60/- value against it. Then you end up with a huge profit. Any how there are other benefits in ALICO which might have been explained by the agent. If U still want to withdraw, you will end up with some loss now.