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On October 11, the Ministry of Human Resources & Emiratisation announced the Unemployment Insurance Scheme.
The Ministry stated, “This is a social security scheme. It ensures the sustainability of a decent life for Emiratis and resident employees during their unemployment period. While also reducing business risks.”
Moreover, the scheme mentions that the insured receives a cash amount for a specific period of time. This applies only if they lost their job. It ends when they find another employment opportunity.
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The compensation will be paid monthly. Additionally, the compensation calculated at 60% of the employee’s subscription salary. It is also subject to a maximum of AED20,000 per month. The period lasts no more than three months from the date of unemployment.
Furthermore, the insured person’s employment record should be at a minimum of 12 consecutive months.
The law applied to all employees in the federal government sector and private sector in the UAE. However, those exempt from the Unemployment Insurance Scheme are:
If the beneficiary was dismissed from their work for disciplinary reasons, then they are not qualified for the scheme. Furthermore, it is illegal to claim the compensation through fraud or deception.
Lastly, the compensation ends once the employee joins another job during the compensation period.
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service