MoHRE to launch Unemployment Insurance Scheme in 2023 – Gulf Today
- Date: 03-Nov-2022
- Source: Gulf Today
- Sector:Financial Services
- Country:UAE
MoHRE to launch Unemployment Insurance Scheme in 2023 – Gulf Today
Officials during the announcement of the launch of the insurance scheme.
The Ministry of Human Resources and Emiratisation (MoHRE) signed on Thursday an agreement with a group of nine local insurance companies, to launch the framework of the new Unemployment Insurance Scheme, in line with the Federal Decree Law No. 13 of 2022 and the relevant Cabinet Resolutions.
The new insurance scheme aims to provide protection for employees in the privet sector and the UAE’s federal government by providing them with a cash compensation for a limited period not exceeding three months for each claim in the event of job termination for reasons beyond their control.
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