India's largest life insurer, Life Insurance Corporation of India (LIC), has crossed the mark

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of one crore individual policies in the current financial year.

The insurer also collected first premium income of Rs 15,917 crore in the fortnight ended August 14, 2010.

In the previous year, LIC had crossed this landmark on August 31, 2009.

Among the largest contributors to this stupendous performance are LIC's western zone with more than 15.86-lakh policies, south central zone with 15.46-lakh policies, northern zone with 15.04 lakh policies, north central zone with 13.54-lakh policies, south zone with 12.78-lakh policies and eastern zone with 12.29-lakh policies, a press release issued here said.

East central zone with 9.52-lakh policies and central zone with 5.98-lakh policies also made valuable contributions, the release said.

During the previous financial year, LIC had completed a record 3.88-crore individual policies, with a market share of 73.02 per cent.