More than 60,000 subscribers to the unemployment insurance system within two days

Dubai, January 3: The number of subscribers to the unemployment insurance system within two days reached more than 60,000 subscribers.
The system, which entered into force as of January 1, comes in implementation of Federal Decree-Law No. 13 of 2022 regarding insurance against unemployment, which aims to secure temporary income for the worker when he is unemployed at a low cost until alternative job opportunities are available to support the professional path and living stability. For workers in the labor market without the employers incurring any costs.
86% of the participants in the unemployment insurance system chose to subscribe to the system through the website
https://www.iloe.ae, which is considered one of the eight channels provided by the insurance pool, which is represented by the Dubai Insurance Company, to provide insurance services against unemployment. Other channels for subscription include the smart application of the insurance pool, iloe, self-service kiosk devices, and centers Business services, exchange centers, and smart phone applications for banks and banks in the country, in addition to text messages and bills for telecom companies.
Also, 90% of the subscribers chose to subscribe to the system on an annual basis, and it is an option available to those covered by the insurance and who are divided into two categories. The first includes those whose basic salary is 16 thousand dirhams or less, and the value of the subscription of the insured employee is five dirhams per month (60 dirhams annually). And the maximum value of the monthly compensation is 10 thousand dirhams, while the second category includes those whose basic salary exceeds 16 thousand dirhams, and the subscription value for this category is 10 dirhams per month (120 dirhams annually). The maximum monthly compensation amount is 20,000 dirhams. Note that the available payment mechanisms are semi-annual, quarterly and monthly.
The insurance program compensates the insured with a sum of money for a period not exceeding three months, provided that he does not resign or is dismissed for disciplinary reasons. The compensation that the eligible employee receives is calculated at 60% of his basic salary in the last six months before being unemployed.