Easy steps to subscribe to job loss insurance
DUBAI: The Ministry of Human Resources and Emiratisation (MOHRE) highlighted “the quick and easy steps” to subscribe to the Unemployment Insurance Scheme, which aims to provide a low-cost job security net that supports the career path and living stability of employees in the UAE at no additional cost to employers.
The ministry called on eligible employees to subscribe to the programme, which was implemented on Jan.1, 2023.
The Insurance Pool’s website (www.iloe.ae) is the preferred channel for majority of subscribers to date. Other channels available for subscription include the Insurance Pool’s app (IOLE), Kiosks, business service centres, money exchange centers such as Al Ansari, and bank smart apps, as well as SMS and telecom bills.
Subscribing to the scheme online can be done in four steps - visit the website (www.iloe. ae), click on “subscribe here” to access the registration page, select the relevant sector you are employed in; enter your personal identification data, phone number and verification code sent via SMS; choose your preferred payment interval (monthly, quarterly, semi-annual or annual); enter your email address, and move onto the payment gateway to complete registration successfully.
The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector, divided in two categories the first covering those with a basic salary of Dhs16,000 or less.
The insurance premium for the insured employee in this category is set at Dhs5 per month (Dhs60 annually), and monthly compensation is capped at Dhs10,000 per month.
The second category includes those with a basic salary exceeding Dhs16,000, and the insurance premium is Dhs10 per monthaz (Dhs120 annually) with a monthly compensation of up to Dhs20,000.
The insurance compensation can be claimed as long as the insurer (employee) has subscribed to the Unemployment Insurance Scheme for at least 12 consecutive months. The claim can be submited within 30 days of job loss and will be processed within two weeks of submission.