If you haven’t yet subscribed to the mandatory Unemployment Insurance Scheme, don’t worry – signing up is a breeze! The scheme, known as Involuntary Loss of Employment (ILOE), was implemented on January 1, 2023, and offers a safety net for employees who lose their job for reasons beyond their control. This includes situations such as company downsizing or closure.
ILOE provides financial security to those who find themselves unexpectedly unemployed until they are able to secure a new job. It’s important to note that disciplinary action or resignation is not covered under this scheme.
To subscribe to ILOE, you have a variety of options available to you. You can easily sign up online, or visit one of the many money exchange houses, kiosks, or service centers located throughout the UAE. Don’t wait until it’s too late – protect yourself and your financial future by subscribing to ILOE today.
1. Direct channels – ILOE website and app
To apply for the unemployment insurance scheme, simply access the ILOE portal or download the ILOE mobile application, available for both Apple and Android devices. The process is straightforward and free of charge and can be completed in just a few clicks.
It’s worth noting that the ILOE website and app are operated by Dubai Insurance, the company responsible for managing the ILOE Insurance Pool. This ensures that your application is handled by experienced professionals who are committed to providing the highest level of service.
By taking advantage of these convenient digital platforms, you can easily access the benefits of the unemployment insurance scheme and protect yourself against unexpected job loss.Â
Other Channels
Dubai Insurance has partnered with several private entities to offer the service of signing up for ILOE. It is important to note that these channels may incur additional service charges upon subscription, as stated on the ILOE website.
2. Exchange centers
At present, the ILOE insurance can be conveniently subscribed to and paid for through Al Ansari Exchange. To avail of this service, simply visit any of their branches and follow the easy steps outlined below:
- Present your Emirates ID for verification purposes.
2. Provide your mobile number for contact purposes.
3. Request for the ILOE insurance form.
4. Select your preferred policy period, which can be either one or two years.
5. Choose your payment option from the available choices of monthly, quarterly, semi-annual, or annual.
Once you have completed the payment process, you will be officially enrolled in the scheme and receive a receipt as proof of your payment.
This hassle-free process ensures that you can easily secure your future and protect yourself from unforeseen circumstances. Don’t hesitate to take advantage of this opportunity and safeguard your well-being today.
3. Kiosks
You have the opportunity to subscribe to the ILOE scheme through kiosk machines. Currently, there are two official subscription channels available in the UAE – MBME Pay and uPay. These kiosks are conveniently located throughout the UAE, with hundreds of locations to choose from. To find a kiosk near you, simply search for an ‘MBME Pay’ or ‘uPay’ kiosk on your phone’s online map application.
By subscribing to the ILOE scheme through these kiosks, you can easily and securely make payments for a variety of services. This option provides a hassle-free way to manage your finances and stay on top of your bills. Plus, with the convenience of multiple kiosk locations, you can easily find a kiosk that is convenient for you.
Don’t miss out on the benefits of the ILOE scheme – subscribe today through an MBME Pay or uPay kiosk and enjoy the ease and convenience of managing your finances on the go.
4. Bank mobile applicationsÂ
Currently, individuals have the option to enroll in the unemployment insurance program via the C3Pay app and card. C3Pay is a product provided by Edenred, a WPS (Wage Protection System) agent authorized by the Central Bank of the UAE.
If you possess a C3Pay account or card, you can easily subscribe to the ILOE insurance plan through the mobile application, known as the ‘C3Pay’ app. This app is accessible on both Apple and Android devices.
5. Tawjeeh and Tasheel Centres
To enroll in the ILOE scheme, you have the option to subscribe at a Tawjeeh or Tasheel service center. These centers are managed by the Ministry of Human Resources and Emiritisation (MOHRE) and offer a range of labor-related services to both employees and employers in the private sector.
To register for the scheme, you will need to provide your Emirates ID and mobile number at the center. This will ensure that you receive timely updates and notifications regarding your employment status.
To locate a MOHRE service center in your vicinity, simply visit https://www.mohre.gov.ae/en/services/approved-services-centers.aspx. This website provides a comprehensive list of all approved service centers, making it easy for you to find one that is convenient for you.
Also Read: What happens when one changes jobs under the UAE Unemployment Insurance Scheme?
Can employers sign up workers for the Unemployment Insurance scheme?
Employers now have the opportunity to enroll their employees in the latest unemployment insurance scheme. However, it is important to note that an employer can only sign up their employees for the insurance policy if there is a mutual agreement between both parties. It is also important to understand that the cost of the insurance must be borne by the employee, as per Federal Decree-Law No. 13 of 2022.
This new unemployment insurance scheme provides a safety net for employees who may find themselves out of work due to unforeseen circumstances. It is a valuable benefit that can provide peace of mind for both employers and employees alike. By offering this insurance policy, employers can demonstrate their commitment to their employees’ well-being and financial security.
It is important for employers to communicate the details of this insurance policy to their employees, including the cost and benefits. This will ensure that employees are aware of the coverage they have and can make informed decisions about their financial future.
In conclusion, the new unemployment insurance scheme is a valuable benefit that can provide financial security for employees. Employers should consider offering this policy to their employees and communicate the details effectively to ensure that everyone is aware of the benefits and costs involved.
How much does the Unemployment Insurance Scheme cost?
The Ministry of Human Resources and Emiratisation (MOHRE) has outlined the compensation policy for insurance coverage. The compensation is calculated on a monthly basis, equivalent to 60% of the employee’s basic salary. In the event of unemployment, the compensation salary is provided for a maximum of three months from the date of termination.
Fine for failing to subscribe
Failure to subscribe to the scheme after the deadline has elapsed will result in a penalty of Dh400. It is imperative to adhere to the subscription deadline to avoid incurring any additional charges. Please ensure that you subscribe to the scheme before the deadline to avoid any inconvenience.
Fine for missing installments
In the event that you do not make timely payments for your insurance premiums in accordance with the selected payment frequency, your insurance certificate will be canceled and a penalty of Dh200 will be levied. It is imperative that you adhere to the payment schedule to avoid any disruptions in your coverage. Please ensure that you make your payments on time to avoid any unnecessary penalties or inconveniences.
