UAE job loss insurance: Facing errors? Step-by-step guide to signing up, avoiding fines

UAE job loss insurance: Facing errors? Step-by-step guide to signing up, avoiding fines

Employees in the UAE have nearly three weeks left before the Involuntary Loss of Employment (ILOE) deadline ends and penalties for non-subscribers come into effect.

Employees will face a Dh400 fine if they fail to subscribe by June 30 and a Dh200 additional penalty for not paying the due payment within 90 days.

To subscribe to the job loss insurance scheme, people can register through the ILOE website. However, workers are required to register through their respective sectors, such as Private, Federal Government and Non-Registered in Mohre (Ministry of Human Resources and Emiratisation).

Though it is compulsory for employees to register and pay for the job loss insurance scheme, companies can also log in and pay on behalf of their employees. But this is optional for employers.

Dana Kansou, manager of Distribution and Strategic Partnerships at Dubai Insurance, which manages the ILOE Insurance pool, advised employees to subscribe as soon as possible ahead of the June 30 deadline.

She added that employees will have to be registered for 12 consecutive months to be eligible for compensation.

Employees can register by visiting www.iloe.com or dialling up 600599555 for eligibility criteria and to access the policy terms and conditions.

However, if employees are facing challenges in subscribing to the