Canada's Sun Life Financial posted a fall in third-quarter profit on Monday, hurt by a lower income from its individual insurance business.

The insurer posted underlying net income of C$930 million ($673.67 million), or C$1.59 per share, for the three months ended Sept. 30, compared with C$949 million, or C$1.62 per share, a year earlier.

($1 = 1.3805 Canadian dollars)

(Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi Majumdar)