UAE announces grace period for employees to register for job loss insurance before fines apply

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Photo for illustrative purposes only. ARCHIVE

Mandatory unemployment insurance: UAE extends deadline for all workers

Employees in the UAE who are qualified to join the unemployment insurance plan have six months complete the application. The grace period will end on June 30, 2023.

The scheme’s subscription officially started on January 1, 2023, for Emiratis and expats working in federal government departments and private sector enterprises.

ALSO READ: All you need to know about UAE Unemployment Insurance

The ILOE’s call center representative confirmed that employees would be required to subscribe by June 30, 2023, or face a Dh400 fine.

The insurance scheme, spearheaded by the Ministry of Human Resources and Emiratisation (MoHRE), has ultra-low monthly premiums ranging from Dh5 to Dh10, with the insured receiving 60 percent of their basic salaries for three months in the event of job loss for reasons other than disciplinary action or resignation.

To qualify for financial compensation, the insured must have subscribed for at least 12 consecutive months. BKM/ Expat Media

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