Dubai, UAE: The Ministry of Human Resources and Emiratisation (MoHRE) announced on Monday (June 26) that the number of subscribers to the Unemployment Insurance Scheme to date has surpassed 5 million.
Multiple subscription channels are provided by the Insurance Pool, including:
- The website http://iloe.ae
- The Insurance Pool smart app (iloe)
- Kiosk machines
- Business service centres and exchangers (such as Al Ansari Exchange)
- Banks' smart applications
- SMS and
- Telecom companies’ bills
Subscribing to the insurance is mandatory to employees working the private and federal government sectors – citizens and residents. The deadline to subscribe is 1st October 2023 as a AED400 fine will be imposed on those who fail to subscribe after the deadline.nce
Earlier, MoHRE extended the date of imposing fines on those who fail to register in the Unemployment Insurance Scheme until October 1, 2023 instead of July 1, 2023.
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The extension allows more time for employees to complete their registration, according to the Ministry. This will allow more time for all employees covered by the Scheme — UAE nationals and residents — to complete their registration and benefit from the benefits it offers.
Responsibility of employee
Subscribing to the Unemployment Insurance Scheme is the responsibility of the employee, not the employer, and the fine for failing to subscribe within the deadline is set at Dh400.
The scheme covers workers in the federal government and the private sector – citizens and residents – with the exception of investors (owners of the establishments where they work), domestic workers, temporary contract workers, juveniles under 18 years of age, and retirees who are earning a retirement pension and have started a new job.
3 months cash compensation
The scheme enables insured employees to obtain temporary cash compensation for a period of three months from the date of loss of employment, amounting to 60% of their average basic salary in the last six months preceding their termination for non-disciplinary reasons.
The nominal subscription fee does not exceed Dh5 per month for workers earning basic monthly salaries of Dh16,000 or less — and Dh10 per month for workers earning basic salaries more than Dh16,000.
Workers have the right to subscribe to additional insurance benefits.
The Ministry called on employees who have not yet registered in the Scheme to visit the available subscription channels that allow them to easily register with a few simple steps.
How to subscribe
Subscription can be completed via Insurance Pool website (www.iloe.ae), its smart application iloe, Kiosks, ATMs, business service centres, exchange companies (such as Al Ansari Exchange), banking applications, telecom companies’ bills, and text messages.
To be eligible for the compensation, the insured must be registered in the scheme for a period of no less than 12 consecutive months and must submit an application requesting compensation within a period of 30 days from leaving work, provided that their employment was not terminated for disciplinary reasons, have not resigned, or the compensation request was not fraudulent.
Compensations payments will be suspended from the date the worker joins another job or leaves the country.