The UAE Ministry of Human Resources and Emiratisation (MoHRE) is urging eligible workers to sign up for the unemployment insurance scheme, which became mandatory on January 1, 2023. If you’re eligible and in the UAE, it’s crucial to join before June 30 to avoid penalties. The MoHRE has outlined a straightforward process to access this affordable safety net.
Most subscribers have found the insurance pool’s website (www.iloe.ae) the most convenient way to enroll. You can also use the IOLE app, kiosks, business service centers, select money exchange offices like Al Ansari, or certain bank apps. Online enrollment involves four simple steps: (1) Visit www.iloe.ae and click ‘subscribe here,’ (2) Select your employment sector, (3) Provide personal details, choose your payment interval (monthly, quarterly, semi-annual, or annual), and enter your email, (4) Proceed to the payment gateway to complete registration.
The scheme covers employees in the federal government and private sectors, divided into two categories based on salary. For those earning Dh16,000 or less, the insurance costs Dh5 per month (Dh60 annually) with a maximum monthly compensation of Dh10,000. If your salary exceeds Dh16,000, the premium is Dh10 per month (Dh120 annually) with compensation up to Dh20,000. You can claim compensation after being enrolled for at least 12 consecutive months, submitting your claim within 30 days of job loss. Compensation is calculated at 60% of your average basic salary for the last six months before unemployment, paid for up to three months per claim. Some exemptions apply, including investors, domestic helpers, temporary employees, juveniles under 18, and retirees with pensions who’ve taken new jobs.
