UAE unemployment insurance scheme: Over 60,000 subscribers sign up in two days

More than 60,000 employees have successfully signed up for the Unemployment Insurance Programme since it came into effect on January 1. The scheme endeavours to provide financial security to workers and professionals in the public and private sectors in case of job losses.

The programme, implemented through a federal decree (No 13 of 2022), does not incur any additional costs for employers.

According to the Ministry of Human Resources and Emiratisation (MoHRE), 86 per cent of participants chose to sign up on the website www.iloe.ae, one of seven channels provided by the Dubai Insurance Company, the insurance complex in charge of providing the insurance service.

The number of subscribers in the Unemployment Insurance Scheme has reached 60,000 within two days.
The Scheme that entered into force on January 1st, 2023 is an implementation of the Federal-Decree No 13. of 2022 regarding Unemployment Insurance that aims to provide temporary pic.twitter.com/eE8a6oz2Nn

— وزارة الموارد البشرية والتوطين (@MOHRE_UAE) January 3, 2023

Other subscription channels include the smart application of the insurance complex, self-service kiosks, businessmen’s service centres, Al Ansari Exchange, and smartphone applications of banks in the country, as well as telecom bills.

According to MoHRE, 90 per cent of those who signed up chose to subscribe to the scheme annually. This option is given to two categories of individuals who are covered by the insurance. One category includes those whose basic wage is Dhs16,000 or less.

The subscription amount is Dhs5 per month (Dhs60 yearly), and the maximum value of the monthly payment is Dhs10,000. The other is made up of those whose base wage is more than Dhs16,000; the monthly subscription fee for this group is Dhs10 (Dhs120 annually). The maximum monthly compensation amount is Dhs20,000.

Read: UAE’s Unemployment Insurance Scheme kicks off on January 1