There is always fear of job losses in case of merger of any entity. But we don't have to be panic in case of Indian General Insurance because the rate of hire in these companies are very slow since 25 years. It makes these companies already short on manpower.
Here is what the Ministry of India thinks:-
According to an official privy to the plan, the merged entity is also expected to soak up much of the workforce of the three firms, which are already working on an optimal level.
“The chances of job losses are meagre as the three firms have reduced hiring for a long time now and we are expecting to absorb the existing workforce,” he said.