Life Insurance Corporation (LIC) of India, South Central Zone, has surpassed its annual new business premium target of Rs 4,200 crore for the current financial year.

The target was crossed ahead of the end of the financial year on February 28, 2017, its Zonal Manager T. C. Suseel Kumar said here.

It recorded the highest growth rate of 70 per cent in total new business premium income by selling 21.17 lakh new policies up to the end of February this year.

South Central Zone stood No.3 at an all-India level in total new business premium income.

The zone had collected a total premium income of Rs 37,950 crore as against Rs 33,165 crore for the corresponding period last year, which grew at 14.42 per cent.

"The zone is planning to sell 15 lakh new policies with premium income of Rs 1,500 crore during March 2017," Suseel Kumar said in a release.

It consists of 17 divisions spread across Andhra Pradesh, Telangana and Karnataka.