Take context from the input text and decide on the accurate relationship between 'Old Mutual' and 'Life Insurance' from the options provided.
Options: distributed by, chairperson, product/material produced, member of

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.
product/material produced