UAE's Job Loss Insurance Scheme: 2 New Employee Categories Added
U.A.E's Ministry of Human Resources and Emiratisation (MoHRE) has added two new classes of employees who can participate in its job loss scheme.
The scheme covers Involuntary Loss of Employment (ILOE) and provides security for employees who lost their jobs due to reasons other than disciplinary action or resignation until they find a new job.
How does the scheme work
The eligible employees will be compensated with a monthly cash benefit up to 60% of their average basic salaries of the 6 months prior to loss of employment. Cash benefit shall be provided for a maximum of 3 consecutive months for a claim only for the workers who pay the monthly premium for at least 12 consecutive months.
Who is eligible to subscribe to the scheme
Emiratis and Residents working in the federal government and private sectors.
Exempted Categories
