UAE: Pay Dh5 per month to get up to Dh10,000 compensation after job loss – new Unemployment Insurance Scheme, explained.

UAE: Pay Dh5 per month to get up to Dh10,000 compensation after job loss – new Unemployment Insurance Scheme, explained.

Dubai: Employees in the UAE will be able to claim cash compensation as a form of social security if they have been terminated from their job after the new Unemployment Insurance Scheme comes into effect from January 1, 2023. On Wednesday, November 2, the Ministry of Human Resources and Emiratisation (MOHRE) announced that scheme would be available to federal government and private sector employees, where the employees will need to subscribe to the Unemployment Insurance Scheme to receive a salary for up to three months in case they lose their job. But how will your insurance coverage be calculated? And how can you subscribe to the scheme? Here is all you need to know. The Unemployment Insurance Scheme applies to expats and Emiratis in the UAE's federal and private sectors. To be eligible to receive compensation under the insurance scheme, you must complete a minimum of 12 consecutive months in your previous job, calculated from the day you subscribed to the insurance scheme. You are entitled to receive a compensation under the scheme if you have suffered job loss due to reasons beyond your control. According to MOHRE, there will be no compensation for workers: • dismissed for a disciplinary