Mobile phone have user's personal and private information. When mobile applications have the permission to access to this information they may leak it to third parties without user's consent for their own benefits. As users are not aware of how their personal information would be used once applications are installed and permissions are granted, this raises a potential privacy concern. Therefore, there is a need for a risk assessment model that can intimate the users about the threats the mobile application poses to the user's private information. We propose an approach that helps in increasing user's awareness of the privacy risk involved with granting permissions to Android applications. The proposed model focuses on the requested permissions of the application and determines the risk based on the permission set asked and gives a risk score.