Involuntary Loss of Employment ILOE Dubai Insurance in the UAE.

The Involuntary Loss of Employment ILOE Insurance Scheme was introduced in the UAE to provide financial security to employees in case of job loss due to circumstances beyond their control. It is managed by Dubai Insurance, the official administrator of the scheme.

Key Features of Involuntary Loss of Employment ILOE in the UAE.

Eligibility: Applies to all employees in the private and federal government sectors. Excludes business owners, domestic workers, temporary employees, and retirees receiving a pension.

Compensation: Provides monthly cash payments for up to 3 months to support unemployed individuals until they secure a new job. Compensation is 60% of the employee’s average basic salary, capped at a specific amount.

Low Premiums: The insurance is affordable, with premiums starting from AED 5 per month for employees with a basic salary of AED 16,000 or less. For employees earning more than AED 16,000, premiums start at AED 10 per month.

Coverage Period: Begins after a minimum contribution period of 12 consecutive months.
Payout Terms: Maximum claim period is 3 months per claim. Employees can file multiple claims over their career but must meet eligibility requirements each time.

Exclusions from the Scheme
The ILOE scheme does not cover: Voluntary resignation or termination due to disciplinary action. Job loss during the probation period. Fraudulent claims or misrepresentation of facts. Employees working in the free zones or non-registered sectors (depending on specific regulations).

How to Register for ILOE: Contact Vision Typing Services in Mussafah Shabiya 10, Abu Dhabi.