* Talks over health insurance JV in India
* Planned investment of up to 5 bln rupees - report
* Companies decline comment
MUMBAI, May 28 Swiss Re RUKN.VX, the world's
second-largest reinsurer, is in talks with India's Religare
Enterprises (RELG.BO) to form a joint venture health insurance
company in India, the Economic Times said on Thursday.
Discussions for the venture were in advanced stages, the
newspaper said, citing an unnamed executive from Religare.
The two companies planned to invest up to 5 billion rupees
($105 million) initially in the venture, it said, citing another
person close to the development.
Religare and Swiss Re both declined to comment on the
Indian laws cap foreign shareholding in each insurance
venture at 26 percent.
Swiss Re has a 26 percent stake in TTK Health Care
(TTKH.BO), a third-party administrator in the health insurance
sector, the paper said.
(Reporting by Janaki Krishnan; additional reporting by Sam Cage
in Zurich; Editing by Ranjit Gangadharan)