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%).
Utilize the input text as a context reference, choose the right relationship between 'HDFC Life' and 'Life Insurance' from the options.
Options: industry, legal form, chief executive officer, product/material produced