Dubai Career Diary

UAE Unemployment Insurance: A 4-Step Guide to Getting $16,340 Coverage

Learn how to get up to AED60,000 in unemployment insurance in the UAE. Follow our easy 4-step guide to secure your financial future.

Vadim Kouznetsov

14th Jun 2024

2 minutes

expat life UAE, UAE employment benefits, UAE government schemes, UAE job loss insurance, unemployment insurance UAE

The UAE government has launched an Unemployment Insurance Scheme to support employees in the country. This scheme provides financial security to workers in case of job loss, offering up to AED60,000 ($16,340) in compensation.

Who Can Benefit from the Scheme?

The scheme is open to all eligible employees in the UAE, including those in the federal government sector and the private sector. However, some categories of employees are exempt from subscribing, including investors, domestic helpers, employees with temporary contracts, juveniles under 18, and retirees who receive a pension and have joined a new job.

How to Subscribe in 4 Easy Steps

Visit the website: Go to the Insurance Pool’s website to access the registration page.
Register and provide details: Enter your personal identification data, phone number, and verification code sent via SMS. Choose your preferred payment interval and enter your email address.
Select your payment option: Choose from various payment channels, including the Insurance Pool’s app, kiosks, business service centers, money exchange centers, and bank smart apps.
Complete payment and registration: Pay the premium and complete your registration successfully.

Categories and Compensation

The scheme has two categories:

Category A: For employees with a basic salary of AED16,000 or less. The insurance premium is AED5 per month (AED60 annually), and monthly compensation is capped at AED10,000.

Category B: For employees with a basic salary exceeding AED16,000. The insurance premium is AED10 per month (AED120 annually), and monthly compensation is up to AED20,000.

Claiming Compensation

To claim compensation, you must have subscribed to the scheme for at least 12 consecutive months. Submit your claim within 30 days of job loss, and it will be processed within two weeks. The compensation is calculated at 60% of the average basic salary for the last six months before unemployment and is paid for a maximum of three months.

By following these easy steps, you can secure financial protection in case of job loss and enjoy peace of mind in the UAE.

Author

Written by

Vadim Kouznetsov

Vadim Kouznetsov is a distinguished entrepreneur and the visionary founder and CEO of JobXDubai.com, the UAE’s rapidly expanding job board. Renowned for his expertise in bridging the gap between job seekers and employment opportunities, Vadim has become a leading authority in the recruitment and job market of Dubai. His innovative approach to matching candidates with their ideal roles has propelled JobXDubai.com to the forefront of the industry, making a significant impact on the region’s employment landscape. Through his work, Vadim Kouznetsov has demonstrated a profound commitment to enhancing the job search experience, solidifying his status as a pivotal figure in the field of recruitment.

Dubai Career Diary