Utilize the input text as a context reference, choose the right relationship between New India Assurance and Insurance from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

The largest player New India Assurance has elevated seven of its deputy GMs, while United India and Oriental Insurance promoted five each.

Answer: industry