![]() he/she was dismissed from work for disciplinary reasons under the UAE’s Labour Law in the private sector ( Federal Decree Law No.The insured worker will lose his/her eligibility for compensation if any of the following situations occur: To be eligible for the compensation, the worker must have been paying the monthly premium for at least 12 consecutive months. With respect to the employees of the federal government, Federal Authority for Government Human Resources will implement the mechanism of the ‘Unemployment Insurance Scheme’ in coordination with Ministry of Finance. MoHRE will report any breach to the terms and conditions of the insurance policy by the insurance companies. Ĭompensation will be paid from the date he/she loses the job and will be paid for 3 months or until he/she finds a job, whichever is earlier. The insurance providers must process the insurance claims in accordance with the terms and conditions of the insurance policy and the applicable legislations of the Central Bank of the UAE. The insurance company has two weeks, from receiving the claim, to transfer the compensation to the insured's account. The worker must submit the claim within 30 days from the date of his/her unemployment. How to subscribe to Unemployment Insurance scheme (PDF, 1.03 MB).Workers may subscribe to the scheme via ILOE Insurance Pool website and its app and any other channel which MoHRE may announce.įederal government and private sector employees must subscribe to the scheme from 1 January 2023. ![]() The value of the insurance policy is subject to VAT. ![]() The insured worker may, in coordination with the insurance company, subscribe to additional benefits in addition to the above basic package. The worker may choose to pay the premium on a monthly, quarterly, half-yearly or on an annual basis. The compensation for this category must not exceed AED 20,000 monthly. The compensation for this category must not exceed a monthly amount of AED 10,000.Ģ- Those with a basic salary exceeding AED 16,000 will need to pay AED 10 per month, i.e. retirees who receive pension and have joined a new employer.ġ- Workers with a basic salary of AED 16,000 or less will need to pay a monthly insurance premium of AED 5, i.e.investors, business owners who own and manage their business themselves.The scheme applies to all workers in the private and federal sector except: The financial support will be given in exchange of a monthly insurance premium paid by the worker during his employment. The Unemployment Insurance scheme is a form of insurance/social security that provides Emiratis and residents working in the federal and private sectors, financial support if they lose their jobs, as a result of termination by their employers. What is the ‘Unemployment Insurance scheme’?
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