ZENITH International Journal of Business Economics & Management Research__________ ISSN 2249- 8826 ZIJBEMR, Vol.9 (6), June (2019), pp. 16-34 Online available at zenithresearch.org.in 16 CARAMEL ANALYSIS OF FINANCIAL EFFICIENCY OF PUBLIC SECTOR NON-LIFE INSURANCE COMPANIES IN INDIA JANSIRANI.P PH.D. RESEARCH SCHOLAR, DEPARTMENT OF COMMERCE, ALAGAPPA UNIVERSITY, KARAIKUDI, INDIA. E-mail ID: jansirani7860@gmail.com. DR.A.MUTHUSAMY PROFESSOR, DEPARTMENT OF INTERNATIONAL BUSINESS, ALAGAPPA UNIVERSITY, KARAIKUDI, INDIA. E-mail ID: muthuroja67@rediffmail.com. ABSTRACT There are various pointers for money related soundness however of which most dependable and most in fact apparatuses with reference to the insurance business is considered for this investigation. It doesn't imply that other FSI (Financial Soundness Indicators) are less incredible or it has no utilization by any stretch of the imagination. Be that as it may, insurance is a unique sort of business, particularly non-extra security division, thus uncommon consideration is taken in picking such sort of monetary soundness markers. The examination manages the money related execution of chose four open part, non-extra security organization amid five years from 2012-13 to 2016-17 to assess the budgetary proficiency of each organization quantities of proportions have been seen by applying CARAMEL model for this investigation. Auxiliary wellspring of information is arranged from the IRDA yearly reports distributed on the site of the IRDA for this investigation. Further, the investigation uncovers that the benefit base has been expanding and the endorsing misfortunes are being met through the acknowledgment of advances and advances. Open area back up plans are over the long haul safety net providers have built up in later past decades. The scientist has thought about four parameters for the computation of money related soundness and liquidity examination. From this examination, it is reasoned that the whole research unit for characterizing FSI indicates normal results in contrast with standard standards of budgetary apparatuses of general businesses. KEYWORDS: General Insurer, Ratio, CARAMEL, Financial Performance. INTRODUCTION Insurance is a hazard exchange type of hazard the board which allows the safeguarded to exchange the expense of his potential hazard to another in return for pay which is known as premium. At the end of the day, it is a technique whereby the safety net provider consents to repay the misfortunes of the protected from determined shortfall causing occasions. Insurance fills in as a hazard the board and riches safeguarding instrument. Insurance offers security to people, organizations and different substances against noteworthy misfortunes which may emerge because of unexpected occasions. Any individual who needs to secure themselves against budgetary hardships will take insurance. An individual or a business substance should