For the past few years, a steadily increased number of people have moved to the UAE to seek a job of their interest. The UAE is no doubt at the top in attracting people from all over the world to find good jobs.
Now in the latest, if we talk about the UAE, an unemployment insurance plan has been introduced to the employees working there in order to provide relief if they ever lost their job and could afford their living expenses. In the UAE, use this insurance amount and don’t get overburdened.
Under this program, a financial support of AED 60,000 ($16,340) for up to three months will be provided to eligible employees who suffered from a job loss experience.
This program is mandatory for all permanent workers except those who are working on temporary contracts or belong to the domestic help class, vendors, and investors.
How Do I Subscribe to the Insurance Scheme?
This unemployable insurance plan is expected to start on July 1, 2023, and before that, all employees are requested to follow the mentioned steps to be a part of it.
- Visit Insurance Pool’s website.
- Click on the Subscribe here option.
- After getting on the registration page, select the respective sector in which you are currently working.
- Enter your personal ID and contact details, and get them verified by the code sent.
- Select your preferred payment interval (monthly, quarterly, semiannual, or annual).
- Add a valid email address.
- Lastly, go on to the payment gateway to complete your registration process.
The unemployment insurance scheme covers both the federal and private sectors and is thus divided into A and B categories.
Category A Eligibility Criteria
- Workers with basic pay of AED 16,000 or less
- The ones who come under this category are requested to pay AED 5 monthly as a premium amount, and they also have a set limit of AED 30,000 with the same amount of premium.
- In case of job loss, they will get AED 10,000 monthly for three consecutive months.
Category B Eligibility Criteria
- Here come the workers with basic pay of more than AED 16,000:
- Their premium amount would be AED 10 monthly, with a set limit of AED 60,000.
- In case of losing a job, an amount of AED 20,000 would be given for three months as facilitation.
To be in a better position in terms of development, a country has to introduce some services that can ensure their sustainability among other countries in the world, and we are glad that UAE has been introducing some really good services that people can easily access.
