finance04:45Budget 2020: LIC to get Privatised#LIC #Budget2020 #NirmalaSitharaman #LifeInsuranceCorporation The government just announced what is like...ly to be the biggest initial public offering (IPO) in the next financial year, the one from Life Insurance Corporation of India (LIC), which at least is half a century old.The Life Insurance Corporation has bailed the Indian government out many times over the years. But it may not be able to do so, as freely, after the IPO proposed by the Finance Minister Nirmala Sitharaman in her budget speech.