DUBAI, 28th December, 2022 (WAM) — The Ministry of Human Resources and Emiratisation (MoHRE) has announced that registration for the unemployment insurance scheme will begin on 1 January 2023, calling on citizens and residents of the United Arab Emirates (UAE) ) who work in the federal government and the private sector to subscribe to it.
The insurance pool represented by Dubai Insurance is responsible for providing the insurance benefit. The pool offers seven subscription channels: www.iloe.ae website, “iloe” smart app, ATMs, business service centers, Al Ansari Exchange, ATMs and banking apps, as well as telecommunication bills.
Originating from Federal Decree-Law No. 13 of 2022, unemployment insurance aims to create a low-cost job safety net that supports employees in their career paths and provides them with career stability at no cost to employers.
Compensation
Anyone who loses his job following a separation from the service (other than for disciplinary reasons or resignation) is entitled to a maximum cash compensation of three months.
Subscription fees are based on the employee’s base salary. The first category includes those whose basic salary is less than or equal to AED 16,000; their contribution is AED 5 per month (AED 60 per year), while the second category includes those whose basic salary exceeds AED 16,000; their subscription fee is AED 10 per month (AED 120 per year).
The first category is entitled to a monthly cash compensation up to AED 10,000, while the maximum monthly cash compensation for the second category is AED 20,000.
Insurance premiums can be paid monthly, quarterly, semi-annually or annually. The insurance benefit is calculated at 60% of the employee’s basic salary in the last six months prior to unemployment.
The compensation must be paid no later than two weeks from the date of submission of the claim. The insured can submit the claim through various claims channels, including the website
https://www.iloe.ae, iloe smart app or Insurance Pool call center 600599555.
The insured must be connected for at least 12 consecutive months to be entitled to cash compensation. However, they would lose the right to claim the compensation if they left the country or took a new job.
Investors – owners of the companies they work in, domestic workers, temporary contract workers, minors under the age of 18 and pensioners receiving a pension and taking up a new job are not eligible to subscribe to the scheme.
https://wam.ae/en/details/1395303114923
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