Istio 1.5.7 installation fails on kubernetes 1.18.6 with centos 7.8(3.10.0-1127.el7.x86_64) with calico network CNI

Question

I have installed fresh k8s 1.18.6 on multinode ( 12GB RAM & 4 CPU) on centos-7.8(3.10.0-1127.el7.x86_64) with docker version (19.03.6) & runc version 1.0.0-rc10