UAE: 5.73 million subscribed to Unemployment Insurance

UAE: 5.73 million subscribed to Unemployment Insurance

This includes citizens and residents working in the private and federal government sector, excluding investors (business owners who own and manage their business themselves), domestic workers, temporary employees, minors under the age of 18, and retirees who receive pension and have joined a new employer.

The MoHRE issued a press statement urging those eligible for the system to register immediately in order to avoid fines and benefit from the advantages it offers.

The system aims to provide a social safety net for citizens and residents, ensuring a decent life for them and their families until alternative employment opportunities arise. It also aims to attract and retain top global talent to the UAE labour market.

It is noteworthy that the responsibility for participating in the system falls on the employee in accordance with Federal Decree Law No. (13) of 2022 regarding unemployment insurance, while the option is available to employers to register their workers in the system without charging the employer any costs.

Subscription can be completed by visiting the Involuntary Loss of Employment (ILOE) Insurance Pool website (www.iloe.ae), the ILOE smartphone application, designated physical kiosks, business service centres, exchange companies (such as Al Ansari Exchange), and banks’ smartphone applications.

The Unemployment Insurance Scheme is divided