On January 1, the Ministry of Human Resources and Emiratisation officially announced the opening of the registration for the unemployment insurance scheme.

2 days after the opening, 60,000 employees subscribed to the unemployment insurance scheme

WAM also reported that 86% of subscribers signed up via this website here. Moreover, iloe.ae is 1 of the 7 channels Dubai Insurance Company provided. They also provided other subscription channels including smart applications of the insurance scheme.

These channels include:

1. Insurance Complex Smart App
2. Self-service Kiosk
3. Businessmen Service Centres
4. Al Ansari Exchange
5. Smartphone Applications of UAE Banks
6. Telecom Bills

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Over 60,000 subscribers in unemployment insurance scheme#WamNews https://t.co/Gd2ycYmxGB pic.twitter.com/jyvPpspYf5

— WAM English (@WAMNEWS_ENG) January 3, 2023

On the other hand, 90% chose to subscribe to the scheme annually

They give the annual option to 2 categories of individuals covered by the insurance. Additionally, one category includes those whose basic wage is AED16,000 or less. Their subscription is AED5 per month (AED60 yearly). While the maximum monthly compensation pay is AED10,000.

Moreover, the second option consists of those whose basic wage is more than AED16,000. Their monthly subscription fee is AED10 monthly (AED120 yearly). Lastly, their maximum monthly compensation pay is AED20,000.

Watch The Lovin Dubai Show: UAE Employees Must Subscribe To The Unemployment Insurance Scheme Or Face A Fine

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