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SUMMARY OUTPUT

Regression Statistics
Multiple R 0.996
R Square 0.993
Adjusted R Square 0.992
Standard Error 28.274
Observations 10.000

ANOVA
df SS MS F
Regression 1.000 862297.190 862297.190 1078.644
Residual 8.000 6395.414 799.427
Total 9.000 868692.604
Standard
Coefficients Error t Stat P-value
Intercept -1126.619 56.916 -19.794 0.000
Real GDP 0.027 0.001 32.843 0.000

RESIDUAL OUTPUT
Predicted
Observation GVNLIns Residuals
1 273.708 40.572
2 372.622 -14.462
3 485.498 -47.078
4 568.732 -22.952
5 641.110 9.120
6 735.029 40.511
7 845.532 1.308
8 969.195 -5.405
9 1089.186 -5.306
10 1213.938 3.692
1400
Real GDP Lin
1200

1000
Significance F
0.000 800

GVNLIns
600

Lower 95% Upper 95%


400
-1257.868 -995.370
0.025 0.029
200

0
45000 50000 55000 60000 65000

Rea
Real GDP Line Fit Plot

GVNLIns
Predicted GVNLIns

60000 65000 70000 75000 80000 85000 90000

Real GDP
GVNLIns
Predicted GVNLIns

85000 90000
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.998
R Square 0.996
Adjusted R Square 0.995
Standard Error 21.840
Observations 10.000

ANOVA
df SS MS
Regression 2.000 865353.774 432676.887
Residual 7.000 3338.830 476.976
Total 9.000 868692.604

Coefficients Standard Error t Stat


Intercept -1647.809 210.527 -7.827
Real GDP (bln INR) 0.030 0.001 23.364
Nominal interest (%) 32.327 12.770 2.531

RESIDUAL OUTPUT

Predicted GVNLIns (bln


Observation INR) Residuals
1 295.366 18.914
2 378.677 -20.517
3 438.606 -0.186
4 572.496 -26.716
5 636.217 14.013
6 739.877 35.663
7 861.840 -15.000
8 972.467 -8.677
9 1088.738 -4.858
10 1210.266 7.364
F Significance F
907.126 0.000

P-value Lower 95% Upper 95%


0.000 -2145.627 -1149.991
0.000 0.027 0.033
0.039 2.130 62.523
Real GDP (bln INR) Line Fit Plot
2000
GVNLIns (bln INR)
1000
GVNLIns (bln INR) Predicted GVNLIns (bln
0 INR)
50000
0 100000
Real GDP (bln INR)

Nominal interest (%) Line Fit Plot


1500

1000 GVNLIns (bln INR)


GVNLIns (bln INR) Predicted GVNLIns (bln
500
INR)
0
5.0 10.0 15.0
Nominal interest (%)
Real GDP (bln INR) Nominal interest (%)
Real GDP (bln INR)
Nominal interest (%) -0.867
Household spending (bln INR) 0.934 -0.779
household consumption 0.997 -0.848
inflation -0.861 0.636
per capita income 0.963 -0.823
GD saving/capita 0.955 -0.950
Household spending (bln INR) household consumption inflation

0.945
-0.898 -0.864
0.813 0.959 -0.775
0.890 0.942 -0.751
per capita income GD saving/capita

0.891
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9996
R Square 0.9991
Adjusted R Square 0.9961
Standard Error 19.3279
Observations 10.0000

ANOVA
df SS
Regression 7.0000 867945.4719
Residual 2.0000 747.1321
Total 9.0000 868692.6041

Coefficients Standard Error


Intercept -419.3549 2186.3061
Real GDP (bln INR) -0.0041 0.0237
Nominal interest (%) 21.0422 37.6671
Household spending (bln INR) 0.0008 0.0418
household consumption 0.0113 0.0362
inflation -4.4824 15.4398
per capita income 0.0023 0.0151
GD saving/capita 0.0121 0.0413
MS F Significance F
123992.2103 331.9151 0.0030
373.5661

t Stat P-value Lower 95% Upper 95%


-0.1918 0.8656 -9826.2706 8987.5608
-0.1707 0.8802 -0.1062 0.0981
0.5586 0.6326 -141.0262 183.1105
0.0196 0.9862 -0.1789 0.1805
0.3125 0.7842 -0.1444 0.1670
-0.2903 0.7989 -70.9144 61.9497
0.1537 0.8920 -0.0627 0.0673
0.2928 0.7973 -0.1654 0.1896
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.99957
R Square 0.99914
Adjusted R 0.99613
Standard Er1.9E+010
Observatio 10

ANOVA
df SS MS F Significance F
Regression 7 8.7E+023 1.2E+023 331.9151 0.003007
Residual 2 7.5E+020 3.7E+020
Total 9 8.7E+023

Coefficient Standard Ert Stat P-value Lower 95%Upper 95%Lower 95.


Intercept -4E+011 2.2E+012 -0.19181 0.865601 -1E+013 9.0E+012 -1E+013
Real GDP (b-0.004051 0.023737 -0.170676 0.880183 -0.106186 0.098083 -0.106186
Nominal int2.1E+010 3.8E+010 0.558635 0.63261 -1E+011 1.8E+011 -1E+011
Household 817941.6 41758285 0.019588 0.986151 -2E+008 1.8E+008 -2E+008
household 11306749 36180237 0.312512 0.784226 -1E+008 1.7E+008 -1E+008
inflation (% -4E+009 1.5E+010 -0.290314 0.79891 -7E+010 6.2E+010 -7E+010
per capita 2321360 15107717 0.153654 0.891986 -6E+007 67324619 -6E+007
GD saving/c12078678 41255134 0.29278 0.797272 -2E+008 1.9E+008 -2E+008
Upper 95.0%
9.0E+012
0.098083
1.8E+011
1.8E+008
1.7E+008
6.2E+010
67324619
1.9E+008
SUMMARY OUTPUT

Regression Statistics
Multiple R 1.000
R Square 0.999
Adjusted R Square 0.996
Standard Error 19.328
Observations 10.000

ANOVA
df SS
Regression 7.000 867945.472
Residual 2.000 747.132
Total 9.000 868692.604

Coefficients Standard Error


Intercept -419.355 2186.306
Real GDP (bln INR) -0.004 0.024
Nominal interest (%) 21.042 37.667
Household spending 0.001 0.042
household consumption 0.011 0.036
inflation (%) -4.482 15.440
per capita income 0.002 0.015
GD saving/capita 0.012 0.041

RESIDUAL OUTPUT

Predicted Gross
Value Non Life Ins
Observation (bln INR) Residuals
1.000 314.269 0.011
2.000 365.597 -7.437
3.000 435.592 2.828
4.000 547.913 -2.133
5.000 660.054 -9.824
6.000 754.145 21.395
7.000 848.084 -1.244
8.000 956.519 7.271
9.000 1086.907 -3.027
10.000 1225.470 -7.840
Real GDP
40.000

20.000

0.000
Residuals 40
-20.000

MS F Significance F
123992.210 331.915 0.003
373.566

t Stat P-value Lower 95% Upper 95%


-0.192 0.866 -9826.271 8987.561
-0.171 0.880 -0.106 0.098
0.559 0.633 -141.026 183.111
0.020 0.986 -0.179 0.180
0.313 0.784 -0.144 0.167
-0.290 0.799 -70.914 61.950
0.154 0.892 -0.063 0.067
0.293 0.797 -0.165 0.190

PROBABILITY
OUTPUT

Gross Value Non Life


Standard Residuals Percentile Ins (bln INR)
0.001 5.000 314.280
-0.816 15.000 358.160
0.310 25.000 438.420
-0.234 35.000 545.780
-1.078 45.000 650.230
2.348 55.000 775.540
-0.136 65.000 846.840
0.798 75.000 963.790
-0.332 85.000 1083.880
-0.860 95.000 1217.630
Real GDP (bln INR) Residual Plot inflation (%
40.000 40.000

20.000 20.000
Residuals
0.000 0.000
Residuals 40000 50000 60000 70000 80000 90000 4.0 5.0
-20.000 -20.000
Real GDP (bln INR)

Nominal interest (%) Residual Plot per capita inco


40.000 40.000

20.000 20.000
Residuals Residuals
0.000 0.000
8.0 8.5 9.0 9.5 10.0 10.5 11.0 11.5 12.0 12.5 13.0 0.0
-20.000 -20.000
Nominal interest (%)

Household spending Residual Plot GD saving/cap


40.000 40.000
20.000 20.000
Residuals Residuals
0.000 0.000
30,000.0 40,000.0 50,000.0 60,000.0 15,000.0
-20.000 -20.000
Household spending

household consumption Residual Plot Real GDP (bln


40.000

20.000
Residuals Gross Value Non Life Ins (b
0.000
0.0 50,000.0 100,000.0 150,000.0
-20.000
household consumption
per capita income Line Fit Plot GD saving/capi
1500
1000
Gross Value Non Life Gross Value Non Life Ins (bln IN
500 Ins (bln INR)
Gross Value Non Life Ins (bln INR) 0 Predicted Gross Value
Non Life Ins (bln INR)

per capita income G


inflation (%) Residual Plot Household spending L
40.000 2000

20.000 1000
Residuals Gross Value Non Life Ins (bln INR) 0
0.000
60,00
4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0
-20.000 20,000
inflation (%) Household s

per capita income Residual Plot household consumption


40.000 1500

20.000 1000
Residuals
0.000 500
Gross Value Non Life Ins (bln INR)
0.0 50,000.0 100,000.0 150,000.0
-20.000 0
200,000
per capita income
0.0
household cons

GD saving/capita Residual Plot


40.000 inflation (%) Line F
20.000 Gross Value Non Life Ins (bln INR)1500
Residuals
0.000
1000
15,000.0 20,000.0 25,000.0 30,000.0
-20.000
500
GD saving/capita
0
20.0
0.0
inflation
Real GDP (bln INR) Line Fit Plot
2000
Gross Value Non Life
1000
Ins (bln INR)
Gross Value Non Life Ins (bln INR) 0 Predicted Gross Value Nominal interest (%) Li
Non Life Ins (bln INR)
2000
1000
Real GDP (bln INR) Gross Value Non Life Ins (bln INR) 0
15.0
5.0
Nominal inter
1000
Gross Value Non Life Ins (bln INR) 0
15.0
5.0
Nominal inter

GD saving/capita Line Fit Plot


1500
oss Value Non Life Ins (bln INR)
1000 Gross Value Non Life Normal Probabilit
Ins (bln INR)
500 1500.
Predicted Gross Value
0 Non Life Ins (bln INR)
1000.
30,000.0
10,000.0 Gross Value Non Life Ins (bln INR) 500.

GD saving/capita 0.

S
old spending Line Fit Plot
2000
Gross Value Non Life
1000 Ins (bln INR)
on Life Ins (bln INR) 0 Predicted Gross Value
60,000.0 Non Life Ins (bln INR)
20,000.0
Household spending

d consumption Line Fit Plot


1500

1000 Gross Value Non Life


Ins (bln INR)
500
on Life Ins (bln INR) Predicted Gross Value
0 Non Life Ins (bln INR)
200,000.0
0.0
household consumption

tion (%) Line Fit Plot


Life Ins (bln INR)1500

1000 Gross Value Non Life


Ins (bln INR)
500
Predicted Gross Value
0 Non Life Ins (bln INR)
20.0
0.0
inflation (%)

interest (%) Line Fit Plot


2000
Gross Value Non Life
1000 Ins (bln INR)
n Life Ins (bln INR) 0 Predicted Gross Value
15.0 Non Life Ins (bln INR)
5.0
Nominal interest (%)
Gross Value Non Life
1000 Ins (bln INR)
n Life Ins (bln INR) 0 Predicted Gross Value
15.0 Non Life Ins (bln INR)
5.0
Nominal interest (%)

mal Probability Plot


1500.000

1000.000

n Life Ins (bln INR) 500.000

0.000
50.000
0.000 100.000
Sample Percentile
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.999
R Square 0.999
Adjusted R Square 0.997
Standard Error 15.670
Observations 10.000

ANOVA
df SS MS
Regression 5.000 867710.456 173542.091
Residual 4.000 982.148 245.537
Total 9.000 868692.604

Coefficients Standard Error t Stat


Intercept -73.461 446.673 -0.164
Real GDP (bln INR) 0.009 0.011 0.779
Household spending -0.006 0.014 -0.421
household consumption 0.014 0.012 1.250
per capita income -0.001 0.006 -0.235
GD saving/capita -0.016 0.013 -1.212
F Significance F
706.786 0.000

P-value Lower 95% Upper 95%


0.877 -1313.623 1166.702
0.479 -0.023 0.040
0.696 -0.046 0.034
0.279 -0.018 0.046
0.825 -0.017 0.014
0.292 -0.052 0.020
Gross Value Non Real GDP Household household per capita
Life Ins (bln INR) (bln INR) spending consumption income
Year
2008 314.28 51278.3 33,330.9 32,492.8 53,813.4
2009 358.16 54900.4 32,610.8 37,075.7 61,208.9
2010 438.42 59033.8 35,243.2 43,498.9 70,124.9
2011 545.78 62081.7 34,082.9 49,104.5 85,472.9
2012 650.23 64732.1 31,524.5 56,709.3 110,873.4
2013 775.54 68171.3 39,403.0 65,079.3 106,273.0
2014 846.84 72217.8 45,352.8 71,930.5 107,426.5
2015 963.79 76746.2 48,119.9 80,775.6 120,187.5
2016 1083.88 81140.1 54,201.6 91,716.9 127,107.7
2017 1217.63 85708.4 57,081.8 101,829.8 140,476.3

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1000000000

Chart Title
160000 1

140000 1

120000
1
100000
8
80000
6
60000
4
40000

20000 2

0 0
1 2 3 4 5 6 7 8 9 10
Nominal
GD inflation
interest 90000
saving/capita (%)
(%) 80000
16,870.6 9.1 12.3 70000
19,253.6 12.3 11.5
60000
21,346.6 10.5 9.5
20,505.6 8.4 10.8 50000
20,390.6 10.2 10.3 40000
21,589.9 9.5 10.3 30000
22,387.5 6.0 10.3
20000
23,023.9 5.1 9.5
24,179.7 5.1 9.0 10000

25,712.5 4.8 8.5 0


1 2 3 4 5

Real GDP (bln INR) vs Non Life Insurance V


90000
14.0
80000
70000
12.0
60000
50000
10.0
40000
30000
8.0
20000

6.0 10000
0
200 400 600 800 1000 1200
4.0

2.0

0.0
5 6 7 8 9 10
1400

1200

1000

800

600

400

200

0
3 4 5 6 7 8 9 10

ife Insurance Value

1000 1200 1400