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Indo- Canada Chamber of Commerce organized an interactive session on an interactive session on The Executive Health Savings Plan (EHSP) on 25-February 2015 at the ICCC headquarter.
Mr. Dawit Hamilton, Regional Sales Director – Individual Insurance and Mr. Percy Dastur, Chartered Financial Advisor from Desjardins Financial Security Independent Network were the main speakers.
Mr. Hamilton gave a detailed presentation on the benefits of executive health saving plans. It is an advanced sales concept offering critical illness coverage through a company. The success of a company depends largely on the contribution of key leaders, employees and partners. The sudden loss of one of these key contributors, even temporarily, can threaten the future of the company. The EHSP helps hedge this risk to enable business leaders to protect against the economic risk caused by the serious illness of a shareholder or key employee. And if the key employee remains healthy, he can claim the health benefit.
Mr. Dharma P Jain, President, ICCC in his welcome remarks said that in case of a small business the success of a company depends largely on the contribution of shareholders, who eventually are key leaders in most of the cases, employees and partners. The sudden loss of one of these key contributor, even temporarily, can threaten the future of the company. The beauty of this plan is that if the key employee remains healthy, he can claim the health benefit. This potentially substantial benefit is an effective and innovative way to reward and retain a key employee
Mr. Tony Chawla, Vice President, ICCC said, that the session on EHSP is aimed to create awareness among the Chamber’s membership to make future planning.
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