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.

ALSO READ: General insurers expand teams for SME insurance The largest player New India Assurance has elevated seven of its deputy GMs, while United India and Oriental Insurance promoted five each.

Answer: industry