UAE: Over 250,000 subscribe to Unemployment Insurance Scheme

UAE: Over 250,000 subscribe to Unemployment Insurance Scheme

The number of subscribers to the Unemployment Insurance Scheme has reached more than 250,000 since the start of registration on 1st January, 2023.

The Unemployment Insurance Scheme aims to secure a temporary income for the insured employee at a low premium, should he or she lose employment till such time that the employee is able to get an alternative job opportunity.

This is aimed at supporting the employee’s professional path and lifestyle in the UAE labour market without imposing any additional cost to the employers.

Khalil Khoury, Under-Secretary for Human Resources Affairs at the Ministry of Human Resources Affairs, said, “The Unemployment Insurance Scheme comes as part of the implementation of Federal Decree Law No. 13 of 2022, which forms an essential part of a legislative and legal structure that the UAE government is keen to develop to respond to the priorities of the country’s economy.”

He called on all workers in the labour market to expedite registration to the scheme, which guarantees the continuity of a decent lifestyle for the insured employees and their families, and promotes a balance within the UAE labour market to be more competitive and attractive to national and international talents, thus enhancing the UAE’s position as an ideal