UAE unemployment insurance: October 1 deadline arrives

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UAE unemployment insurance: Dh400 fine for late subscribers

All employees in the UAE must subscribe to the mandatory unemployment insurance by October 1 to avoid getting a fine of Dh400.

The job loss insurance is mandatory for all employees in the UAE working in the private sector, free zones and well as federal government and semi-government entities.

According to the Ministry of Human Resources and Emiratisation, employees who incur fines will not be able to get a new work permit until the fines are cleared.

Here’s all you need to know:

Who are exempted from getting unemployment insurance?

Those exempted from subscribing include investors – the owner of the facility in which he or she works, domestic helpers, employee with a temporary employment contract, juveniles under 18 years of age, and a retiree who receives a retirement pension and has joined a new job. However, they can still subscribe to the insurance scheme voluntarily.

How to subscribe to UAE unemployment insurance?

You can go to the Insurance Pool’s website (www.iloe.ae). Other channels available for subscription include the Insurance Pool’s app (IOLE), kiosks, business service centers, money exchange centers, and bank smart apps, as well as SMS and telecom bills.

Subscribing to the scheme online can be done in four steps – visit 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.

Can employees not registered MOHRE get the insurance?

Yes. Employees can register by choosing “Non-Registered in MOHRE” from the menu. Companies not registered with MoHRE “can also subscribe on behalf of their employees” and submit their trade licence along with a request letter to companyreg@iloe.ae

How much is UAE unemployment insurance?

For those with a basic salary of Dh16,000 or less, the insurance premium is set at Dh5 per month (Dh60 annually). For those with basic salary exceeding Dh16,000, the insurance premium is Dh10 per month (Dh120 annually).

Who pays for it?

The employee must pay for his or her own insurance policy. The premiums can also be deducted from an employee’s salary, gratuity, or other payment method.

When can I claim insurance coverage and how much will I get?

If you lost your job, then you can get a monthly compensation for up to three months. Those with a basic salary of Dh16,000 or less who paid the insurance premium of Dh5 per month for 12 months can get a maximum monthly compensation of Dh10,000 per month for three months when they claim their insurance. For those with basic salary exceeding Dh16,000, the monthly compensation is up to Dh20,000 per month for three months.

How do you claim UAE unemployment insurance compensation?

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 submitted within 30 days of job loss and will be processed within two weeks of submission. The insured’s right to compensation is forfeited if he or she cancels their residency and leaves the country, or joins a new job, within the processing period.

How is insurance compensation calculated?

The compensation is calculated at the rate of 60 percent of the average basic salary for the last six months before unemployment and paid for a maximum of three months for each claim from the date of unemployment.

What are the penalties related to unemployment insurance?

Those who fail to get unemployment insurance will be fined Dh400, while those who fail to pay the premiums for more than three months will be fined Dh200. ICA/Expat Media


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