UAE Workers Must Now Renew Unemployment Insurance for Two Years
As part of a new policy aimed at enhancing job security, UAE workers are now required to renew their Involuntary Loss of Employment (ILOE) insurance for a two-year term.
This change simplifies the renewal process, allowing employees to avoid frequent reminders and ensuring continuous coverage.
Join our WhatsApp group to receive timely job alerts and news from the UAE job market!
Key Changes to ILOE Insurance Renewal
If you’ve received an SMS prompting you to renew your ILOE policy, you might have noticed that the only available option is now a two-year renewal.
This adjustment not only saves time but also helps prevent any lapses in coverage, providing peace of mind to employees.
Like our Facebook page to get job vacancies in UAE
Steps to Renew ILOE Insurance
Renewing your ILOE insurance is straightforward. Here’s how:
- Visit the ILOE Website: Go to www.iloe.ae and click on ‘Subscribe/Renew Here’.
- Select Employment Category: Choose your employment category and enter your Emirates ID along with your mobile number.
- Verify Your Identity: Input the one-time password (OTP) sent to your mobile for verification.
- Dashboard Overview: Upon logging in, you’ll see a dashboard displaying your insurance category, personal details, and the total premium for two years. For example, those in Category A will pay approximately Dh126 for the two-year period.
- Confirm Details and Payment: Verify your information, agree to the terms, and proceed to payment. Enter your credit or debit card information and click ‘Pay’.
- Receive Confirmation: A confirmation message will be sent once your payment is successful.
Alternative Payment Methods
Besides online payments, you can also renew your ILOE subscription in cash at Al Ansari Exchange branches or at MOHRE service centers (Tawjeeh and Tasjeel).
Understanding ILOE Insurance
The ILOE scheme is designed to provide financial security for employees who lose their jobs for reasons other than resignation or disciplinary action.
It offers eligible workers a monthly cash benefit of up to 60% of their basic salary, based on the last six months before job loss.
Payouts can be received for a maximum of three consecutive months per claim, provided the worker has maintained premium payments for at least 12 consecutive months.
Subscription Costs and Benefits
- Category A (Basic salary of Dh16,000 or below):
- Premium: Dh5 + VAT per month
- Compensation: Up to Dh10,000 per month for up to three months per claim
- Category B (Basic salary above Dh16,000):
- Premium: Dh10 + VAT per month
- Compensation: Up to Dh20,000 per month for up to three months per claim
This new policy marks a significant step in ensuring that workers in the UAE have adequate protection against unforeseen employment loss, contributing to overall job security in the region.
Read more:
Gulf News
