Subscription To Unemployment Insurance Scheme Starts On 1st January, 2023
The Ministry of Human Resources and Emiratisation (MoHRE) has announced that the subscription to the Unemployment Insurance Scheme will start on 1st January, 2023, calling on UAE nationals and residents who work in the federal government and private sector to subscribe.
Who is Eligible to Subscribe?
Emiratis
Government & Private Sectors
Expats
Government & Private Sectors
Who is NOT Eligible to Subscribe?
Investors
Domestic Helpers
Contract workers
Juveniles under the age of 18
Retirees
FreeZone Company Employees
Compensation Benefits
- The Monthly compensation is 60% of the average basic salary over the most recent 6 months prior to the Involuntary Loss of Employment
- For Category A: Maximum Claim Benefits : 10,000 AED per month
- For Category B: Maximum claim Amount : 20,000 AED per month
- Maximum compensation for any one claim: 3 consecutive months
- Maximum Period of Benefits: During the Insurance Period over the entire work life of the Insured in the United Arab Emirates the aggregate Claim Payment shall not exceed 12 monthly benefits (regardless of the number of Claims submitted).
Compensation Plans
Category A
Basic Salary : 16,000 AED or below / month
5 AED+VAT/month
Compensation Benefit
Up to AED 10,000 AED / month
Up to 3 months / claim
Category B
Basic Salary : 16,000 AED and above / month
10 AED + VAT / month
Compensation Benefit
Up to AED 20,000 AED / month
Up to 3 months / claim
Policy period is available for 1 year or 2 years
Full VAT amount added to the 1st installment/payment
How To Subscribe
Leave a comment