Financial Appraisal of Life Insurance Corporation of India

Abstract

Financial Appraisal: Financial Appraisal refers to the quantitative evaluation of the financial strength and profitability of a business unit by using the various techniques of Financial Analysis. Financial Appraisal can also be called as a technique of making relevant, comparative and critical evaluation of the profitability and financial health of a given business unit through scientifically applying the techniques of financial analysis. The Financial Appraisal techniques use the data which are collected, classified, recorded, summarized and presented by the books of accounts of any business entity. Financial Appraisal is an integral part of Financial Management which helps in evaluating financial performance i.e. the financial strengths, weaknesses, opportunities and threats of a business unit. Financial Appraisal is the process of estimating the financial condition of the business. newline