• Dr. R. Jayanthi

Huge population in India is the only reason for wide growth of development in the Life Insurance sector. Life Insurance is one of the fastest growing sectors in India since 2000 as Government allowed Private players and FDI up to 49%. Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC. In 1993, the Government of India appointed RN Malhotra Committee to lay down a road map for privatisation of the life insurance sector. There are 24 Life insurance companies in India. Life Insurance Corporation of India (LIC) is the only Public Sector insurance company, the rest all being private insurance players. Life Insurance Corporation of India (LIC) is an Indian owned insurance and investment company headquartered in Mumbai. It is the largest insurance company in India with an estimated asset value of Rs. 1,560,482 crores (US$250 billion). As of September 2018 it has total Assets of Rs.27.25 Lakh crores. The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the private insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation. Among various service sector activities banking and insurance plays a vital role. The banking sector is a very important sector of the Indian economy. There are many factors to examine when looking at insurance companies. Poor fundamentals not only indicate a poor investment opportunity, but also hinder growth. Nothing is worse than insurance customers discovering that their insurance company might not have the financial stability to pay out if it is faced with a large proportion of claims. Hence performance analysis is essential especially in case of insurance companies. Hence, a study on the financial performance Appraisal of Life Insurance Corporation (LIC) of India is felt necessary. The main purpose of this paper is to study and analyze the financial performance appraisal of Life Insurance Corporation (LIC) of India using the CARAMEL MODEL. This case study was done based on secondary data collected from multiple sources of evidence, in addition to books, journals, websites, and newspapers.

Financial analysis, Current Ratio, Capital, Asset, Earnings and Profitability

"A Study on the Financial Performance Appraisal of Life Insurance Corporation of India using the Caramel Model", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.201-209, April-2019, Available :http://www.jetir.org/papers/JETIR1904F36.pdf

"A Study on the Financial Performance Appraisal of Life Insurance Corporation of India using the Caramel Model", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp201-209, April-2019, Available at : http://www.jetir.org/papers/JETIR1904F36.pdf