Canara HSBC OBC Life Insurance posts Rs 165 cr profit in FY19

NEW DELHI: Canara HSBC Oriental Bank of Commerce Life Insurance Company on Wednesday registered a profit of Rs 165 crore for the financial year ended March 2019. With this, the company has managed to wipe out accumulated losses and achieved break even, Canara HSBC Oriental Bank of Commerce Life Insurance Company, chairman, R A Sankara Narayanan said. Expressing satisfaction over the performance, he said the company has done well since its operation in 2008