In a bid to provide financial security to workers in the UAE, the Ministry of Human Resources and Emiratisation (MoHRE) has introduced a mandatory unemployment insurance scheme. This initiative aims to safeguard employees in both the federal government and private sectors, offering a low-cost security net for unforeseen job losses. As the deadline for subscription approaches, we present a detailed guide on how eligible workers can seamlessly subscribe to the scheme and navigate the process effectively.
Table of Contents
Subscription Process: A Quick Overview
Step 1: Accessing the Registration Page
Visit the official website of the insurance pool at www.iloe.ae and click on the ‘subscribe here’ button to access the registration page. This user-friendly interface serves as the primary channel for subscriptions, ensuring a seamless experience for users.
Step 2: Sector Selection
Upon reaching the registration page, select the relevant sector in which you are employed. This step streamlines the process, ensuring that you are directed to the appropriate category within the scheme.
Step 3: Personal Information and Preferences
Enter your personal identification data, including your phone number and the verification code sent via SMS. Choose your preferred payment interval—options include monthly, quarterly, semi-annual, or annual. Additionally, provide your email address to facilitate communication regarding your subscription.
Step 4: Payment Gateway
Proceed to the payment gateway to complete the registration successfully. The Ministry emphasizes the importance of this step, as it finalizes your enrollment in the UAE unemployment insurance scheme, providing you with the financial safety net you need.
Scheme Categories and Premium Structure
The unemployment insurance scheme comprises two categories based on the employee’s basic salary.
Category 1: Basic Salary of Dh16,000 or Below
- Insurance Premium: Dh5 per month (Dh60 annually)
- Monthly Compensation Cap: Dh10,000
Category 2: Basic Salary Exceeding Dh16,000
- Insurance Premium: Dh10 per month (Dh120 annually)
- Monthly Compensation Cap: Up to Dh20,000
This structured approach ensures that employees are categorized appropriately, with premiums and compensation limits tailored to their income levels.
Claim Process and Conditions
To be eligible for compensation, the employee must have subscribed to the 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. It is crucial to note that the right to compensation is forfeited if the insured cancels their residency, leaves the country, or joins a new job within the processing period.
The compensation is calculated at the rate of 60% of the average basic salary for the last six months before unemployment. Each claim is valid for a maximum of three months from the date of unemployment, offering a reasonable financial buffer during challenging times.
Exemptions from Subscription
Certain categories of workers are exempted from subscribing to the UAE unemployment insurance scheme. These include investors, owners of facilities where they work, domestic helpers, employees with temporary contracts, juveniles under 18 years of age, and retirees receiving a pension who have joined a new job.
As the deadline for subscription approaches on June 30, eligible workers are urged to take advantage of the convenient online subscription process outlined above. The UAE unemployment insurance stands as a crucial safety net, providing financial support during unforeseen job losses. By following the steps meticulously and understanding the intricacies of the scheme, employees can ensure a smooth and secure enrollment process, guaranteeing peace of mind in times of uncertainty.