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Presenting Union Budget 2021, Finance Minister Nirmala Sitharaman on Monday annonced that the initial public offer (IPO) of Life Insurance Corporation (LIC) will be completed this year. Centre will introduce the initial public offer (IPO) of Life Insurance Corporation LTD. (LIC) in 2022 and will complete the divestments of Air India by 2022.Presenting Union Budget 2021, Finance Minister Nirmala Sitharaman on Monday annonced that the initial public offer (IPO) of Life Insurance Corporation (LIC) will be completed this year. Centre will introduce the initial public offer (IPO) of Life Insurance Corporation LTD. (LIC) in 2022 and will complete the divestments of Air India by 2022.