Canara HSBC Life Q4 net up 69% at Rs 1.28 bn on bancassurance drive

While customer experience has been key, the opening of affordable insurance products will drive the future

Canara HSBC Oriental Bank of Commerce Life Insurance company posted a net profit growth of 69 per cent at Rs 1.28 billion for the quarter ended 31 March 2018, from Rs 753 million in net profit posted during the same period of the previous financial year.

Business Standard spoke to Anuj Mathur, chief executive officer of Canara HSBC Oriental Bank of Commerce Life insurance company to gauge the company’s growth strategy over the past few years, and where he sees the market growing to.

“We have done really well through our bancassurance model. Our penetration has increased in the past