Life Insurance Corporation of India (LIC) has lowest rejection ratio (1.10%) in 2013-14 followed by private insurers like HDFC Life (4.70% rejection ratio) and ICICI Pru (4.98%).
Take context from the input text and decide on the accurate relationship between 'HDFC Life' and 'Life Insurance' from the options provided.
Options: product/material produced, legal form, industry, chief executive officer