Less Than 24 Hours Left.. UAE Unemployment Insurance Deadline nears
The deadline for registering in the UAE's job loss insurance scheme is rapidly approaching, with less than 24 hours left for employees to enroll. The program provides crucial financial support during periods of job loss.
Penalties and Exceptions for the UAE's Job Loss Insurance
Failure to sign up by October 1 may result in penalties, including a Dh400 fine for non-enrollment, a Dh200 fine for unpaid premiums over three months, and Dh20,000 for fraudulent benefit claims.
The responsibility for these penalties lies with employees, not employers, and unpaid fines may be deducted from salaries or end-of-service benefits. Exceptions to the scheme exist, including investors, business owners, and retirees with pensions who have found new employment.
Enrolling in the program online is a straightforward process, encompassing four essential steps as outlined by the ministry:
Access the registration page: Begin by visiting the official website, www.iloe.ae, and clicking on the "subscribe here" option, which will redirect you to the registration page.
Select your sector: Choose the sector that aligns with your current employment.
Provide personal details: Enter your personal identification information, including your phone number, and verify your identity using the code sent via SMS. Next, select your preferred payment interval (monthly, quarterly, semi-annual, or annual), and include your email address.
Complete Registration: Proceed to the payment gateway to finalize your registration successfully.
The scheme encompasses employees in both the federal government and private sectors, with two distinct categories based on basic salary. Employees earning a basic salary of Dh16,000 or less fall into the first category, with an insurance premium of Dh5 per month (or Dh60 annually) and a maximum monthly compensation of Dh10,000.
The second group comprises individuals earning over Dh16,000 as their basic salary. They are required to pay a monthly insurance premium of Dh10 (equivalent to Dh120 annually), with a maximum monthly compensation limit of Dh20,000.
People must continue to be enrolled in the program continuously for at least 12 months in order to be eligible for compensation. After losing their employment, employees have 30 days to file a claim, which will be reviewed and processed within two weeks. However, the covered individual will forfeit their eligibility for reimbursement if they vacate their residence or find new work during the processing period.