Media ININ Economy We Trust
The Ministry of Human Resources and Emiratisation confirmed that today, Sunday, subscription to the unemployment insurance system will be available, as the ministry has identified seven channels for subscription to unemployment insurance, including the website www.iloe.ae, the smart application of the iloe insurance pool, and service devices. Self-kiosk, business services centers, Al Ansari Exchange, smart phone applications for banks in the country, bills for telecom companies.
She explained that unemployment insurance provides participants with 4 privileges, namely that compensation is granted to those who have previously subscribed to unemployment insurance for at least 12 consecutive months, and the insurance program compensates the insured with a cash amount for a maximum of 3 months, provided that he does not resign or be dismissed. For disciplinary reasons, the maximum compensation is 10,000 dirhams per month for those whose basic salary is 16,000 dirhams or less, and the maximum compensation is 20,000 dirhams for those whose basic salary exceeds 16,000 dirhams.
She mentioned 3 mechanisms for the method of calculating compensation for participants in the unemployment insurance system, which is that compensation is calculated at the rate of 60% of the basic salary in the last 6 months before unemployment. The period for paying the compensation value does not exceed a maximum of two weeks from the date of the claim. The employee can choose The periodicity of paying the insurance premium, either annually, half yearly, quarterly, or monthly.
And she indicated that the unemployment insurance system includes all workers in the private and federal government sectors in the country, with the exception of the following categories: investor, i.e. the employer who works in his facility, domestic workers, workers with a temporary contract, minors under the age of 18, retirees. Those who receive a retirement pension and have joined a new job.
It stated that the worker (the insured) must submit a claim to benefit from unemployment insurance to the insurance service provider within (30) days from the date of termination of the work relationship. The insurance service provider shall transfer the compensation amount within a period not exceeding two weeks from the date of receipt of the claim that is compatible with the eligibility criteria and conditions established in accordance with the law, and the insurance service provider shall process the insurance claims in accordance with the controls and conditions of the insurance policy and the legislation of the UAE Central Bank. If the service provider breaches the terms and conditions of the insurance policy.
