More than 6.5 million people have signed up for Unemployment Insurance in 10 months

More than 6.5 million employees have subscribed to the Unemployment Insurance Scheme from January 1 (registration start date) to October 1, 2023, the Ministry of Human Resources and Emiratization (MoHRE) announced on Wednesday. .

With a fine of AED 400 to be imposed on workers who did not enroll in the Scheme, the Ministry said workers can find out if the fine was imposed on them through MoHREthe application, website or business service centers.

The Plan covers citizens and residents who work in the private sector and the federal government, excluding investors (business owners who own and manage their establishments), domestic workers, temporary employees, children under 18 years of age, and retirees who receive a pension and have joined. a new employer.

The Ministry praised those who have signed up for the Plan and noted:

“This indicates your commitment to comply with Federal Decree-Law No. 13 of 2022 on the Unemployment Insurance Scheme, and underlines your awareness of the benefits provided by the system, which include a social safety net for citizens and residents, guaranteeing them a dignified life. and their families until alternative employment opportunities arise. Furthermore, the plan aims to attract and retain top global talent in the UAE labor market.”

MoHRE urged those eligible for the system to register, noting that while employers have been given the option to register their employees in the system, it is ultimately the responsibility of the employee to enroll, not the employer, who incurs no additional costs .

Subscriptions can be completed by visiting the Insurance Pool website (www.iloe.ae), the ILOE smartphone application, designated physical kiosks, merchant service centers, exchange companies (such as Al Ansari Exchange) and phone applications smart banks.

He unemployment insurance plan is divided into two categories: the first covers those with a base salary of AED 16,000 or less, where the insurance premium for the insured employee in this category is set at 5 AED per month (AED 60 per year), and the maximum monthly compensation is set at AED 10,000.

Meanwhile, the second category includes those who have a basic salary. over AED 16,000where is the insurance premium 10AED per month (AED 120 per year). Monthly compensation for this category is capped at AED 20,000.

Insurance compensation can be claimed as long as the insurer (employee) has been subscribed to the unemployment insurance plan for at least 12 consecutive months. The insured does not have the right to compensation if he cancels his residence and leaves the country or takes a new job, within the processing period. The claim will be processed within two weeks of submission.

Compensation is paid for a maximum of three months from the date of unemployment for each claim, provided that the employee concerned has not been dismissed for disciplinary reasons and has not voluntarily resigned.

The amount is calculated at a rate of 60 percent of the average base salary of the last six months before unemployment.

News source: Emirates News Agency