Explanation:

- Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and Investment Company headquartered ……..

- The Parliament of India passed the Life Insurance of India Act on 19 June 1956, and started operating in September of that year.

- It consolidated the business of 245 private life insurers and other entities offering life insurance services.

- The nationalisation of the life insurance business in India was a result of the Industrial Policy Resolution of 1956, which was created a policy framework for extending state control.

Explanation of Options:

- Option 1: "in" – This is correct when referring to a city or country.

- Option 2: "at" – Used for specific locations or buildings, but not for cities.

- Option 3: "from" – Indicates origin or starting point, not suitable here.

- Option 4: "into" – Suggests movement, not relevant in this context.