Utilize the input text as a context reference, choose the right relationship between Old Mutual and Life 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.

He said consideration of Kotak's proposal had been deferred in the last meeting because of its possible implications for Kotak Mahindra Old Mutual Life Insurance Ltd , in which Kotak has a 74% stake.

Answer: product_or_material_produced