Dubai
What is the last date for Dubai insurance?
Published
1 year agoon
Employees in the United Arab Emirates (UAE) need to subscribe to the Involuntary Loss of Employment (ILOE) insurance scheme. The ILOE Insurance Scheme has been introduced by the government of the UAE to provide temporary financial assistance and relief to employees who lost their jobs.
Under the ILOE Insurance Scheme, a person who has contributed money to insurance premium for at least 12 months will be eligible to claim financial assistance for up to 3 consecutive months per claim if they lost their job involuntarily. Cash benefits will be given to them in exchange for a monthly insurance premium paid directly by them to a pool of insurance providers. Cash benefits will be given for a maximum of three months from the date of unemployment. A person can receive up to 60% of their standard wage.
It came into effect in January this year.
Who can apply?
All UAE Nationals and Residents working in the private and public sectors need to become members of the ILOE Insurance scheme.
Who cannot apply?
- Investors or owners of companies
- Domestic helpers
- Temporary-contract workers
- People under the age of 18
How to apply for the UAE Unemployment Insurance Scheme?
Visit the ILOE website or app, which enables free sign-up for the unemployment insurance plan. Dubai Insurance company manages the ILOE Insurance Pool.
Al Ansari Exchange, leading foreign exchange and money transfer company in the UAE, also helps people to apply for the unemployment scheme. A person can visit one of the branches of Al Ansari Exchange.
A person can also subscribe to the ILOE scheme through kiosk machines. MBME Pay and uPay are the official subscription channels. Visit a nearby kiosk to apply for the insurance.
An individual can also subscribe to insurance scheme through the C3Pay app and card.
Tawjeeh or Tasheel service centres by the Ministry of Human Resources and Emiritisation (MOHRE) also helps people to enroll for the scheme.
What are the procedures for Dubai insurance?
- Carry your Emirates ID for verification
- Provide your registered mobile number
- Request for the ILOE insurance form
- Fill out the form
- Choose your policy time period (either one or two years)
- Choose your payment option – monthly, quarterly, semi-annual or annually.
- Make payment to activate the scheme
- Keep the receipt confirming your payment
Insurance companies under the Dubai Insurance
- Dubai Insurance Company
- Abu Dhabi National Insurance Company
- Al Ain Ahlia Insurance Company
- Emirates Insurance Company
- National General Insurance Company
- Orient Insurance
- Abu Dhabi National Takaful Company
- Oman Insurance Company
- Orient UNB Takaful Company
Dubai insurance last date
The last date to apply for the scheme is 1 October, 2023.
ALSO READ: Oil Price Rally, Massive Profits Amid Climate Concerns, Burning Holes in Consumers’ Pockets
What happens if you don’t apply?
If an individual does not apply to the scheme once the deadline has passed, a fine of Dh400 will be imposed.
Fathima is a part of the entertainment desk at The Gulf Independent. Her vibrant personality and diverse interests add a touch of uniqueness to her articles. In addition, she is a budding content creator on social media, captivating netizens through her creative storytelling. Interest: Fatima holds substantial interest in the creative industry, casually reading through multiple updates every day on celebrities, movie releases, OTT releases, project reviews, upcoming releases and events, and new trends floating around in the sector. Education and Experience: Her journey in the media industry started in 2021 as she got her bachelor's degree in journalism and digital media from the prestigious Zayed University in the UAE and subsequently ventured into the entertainment sector, holding strong ambitions to bring something new to the table.
You may like
-
UAE launches national relief campaign to support Lebanese people amid escalation
-
Did Gulf states try to reassure Iran of their neutrality in Iran-Israel conflict?
-
Dubai is the world’s No. 1 city for Greenfield FDI for 3 years
-
UAE-Egypt bilateral relations in focus as Emirati leader begins high-profile visit
UAE launches national relief campaign to support Lebanese people amid escalation
Did Gulf states try to reassure Iran of their neutrality in Iran-Israel conflict?
Dubai is the world’s No. 1 city for Greenfield FDI for 3 years
UAE-Egypt bilateral relations in focus as Emirati leader begins high-profile visit
UAE to invest $23 billion in next-gen energy sources over next five years
5 Fun Things to Do in Dubai This October
Trending
-
Entertainment1 week ago
Indian playback singer Shreya Ghoshal to perform in Qatar next month
-
Tech1 week ago
Emirati travellers can soon glide through busy US airports as UAE joins Global Entry Programme
-
News1 week ago
Mohamed bin Zayed meets former US Presidents Donald Trump and George Bush as part of official trip
-
Trends1 week ago
Dubai Sphere: MGM shares plans for $2 billion Las Vegas Sphere – inspired venue