India's largest life insurer, Life Insurance Corporation of India, LIC, has crossed the mark of one crore individual policies in the current financial year. The insurer also collected first premium income of 15,917 crore rupees in the fortnight ended August 14, 2010. During the previous financial year, LIC had completed record 3.88-crore individual policies, with a market share of 73.02 per cent. A press release issued in Mumbai said, besides having the largest customer base of about 27-crore policies, it has an enviable conservation ratio of more than 90 per cent which is a testimony of customers' trust in the organisation and its high-quality customer service. Currently, it provides fully computerised and networked service through its 2,048 branch offices and 1,035 satellite offices spread throughout the country.