The Ministry of Human Resources and Emiratisation sets 4 steps in order to participate in unemployment insurance
Ministry of Human Resources and Emiratisation, in this article, we will review the importance of subscribing to the unemployment insurance system in the Emirates, which is an effective way to provide temporary support to workers in the event of job loss. We will discuss how to subscribe to this system and its benefits, in addition to the channels available to facilitate the subscription process.
What is the unemployment insurance system?
The Unemployment Insurance Scheme is a scheme aimed at providing temporary support to workers who face a period of unemployment. The system aims to secure a temporary income for a period of three months for the insured, at a low cost. This economic support allows workers to settle their lives and help them find an alternative job that supports their career path.
Ministry of Human Resources and Emiratisation: Subscribing to the unemployment insurance system
To register for the Unemployment Insurance System, you can visit the Insurance Pool website (www.iloe.ae). This site is the preferred channel for many insureds who would like to subscribe to the scheme. In addition, there are several other channels available for registration, including the “iloe” insurance aggregator application, “kiosk” self-service machines, business service centers, exchange centers, and smart phone applications provided by banks in the country.
How to subscribe to the unemployment insurance system in the UAE
Details of subscription to the unemployment insurance system
It is easy to sign up for the UAE Unemployment Insurance Scheme and can be done online in a few simple steps. Below we review how to subscribe to this system and the necessary requirements.
Visit the website
Visit the insurance pool website (www.iloe.ae), as this website is the main channel for registering in the system.
Register and provide information
Click on “Sign Up Here” to access the registration page. You will need to select the nature of the sector in which you work and enter your personally identifiable information such as name and phone number. You will receive a verification code via a phone text message.
Choose the type of subscription
After confirming personal information, you will need to choose how to sign up for the system. You can choose a monthly, quarterly, semi-annual or annual subscription, according to your personal needs and preferences.
Complete the payment and registration
Finally, enter your email address and go to the payment page to complete the registration process successfully. You will need to enter the required information and choose the appropriate payment method.
Unemployment Insurance System in the Emirates: Contribution Categories and Compensation Value
Benefits of the unemployment insurance system
The unemployment insurance system in the UAE aims to provide temporary support to workers in the federal government sector and the private sector when they are exposed to unemployment. They are provided with financial compensation for a period of three months, which helps them achieve living stability during that period.
Subscription categories and compensation value
The categories of participation in the unemployment insurance system are divided into two categories according to the level of income. The first category includes workers who receive a basic salary of 16,000 dirhams or less. The contribution value of the insured employee under this category is five dirhams per month (60 dirhams annually). The maximum monthly compensation amount is set at 10,000 dirhams.
As for the second category, it includes workers who receive a basic salary of more than 16 thousand dirhams. The subscription fee for this category is 10 dirhams per month (120 dirhams annually). The maximum monthly compensation amount is set at 20,000 dirhams.
Eligibility and compensation terms
Compensation is due provided that the subscriber has been under the insurance for at least 12 consecutive months.