Understanding the ILOE Insurance Dubai
The Iloe Insurance Dubai UAE government has introduced the Involuntary Loss of Employment (ILOE) insurance scheme to provide financial protection for employees who lose their jobs due to reasons beyond their control. This comprehensive program aims to support workers in Dubai and across the UAE during periods of unemployment, ensuring they can maintain a decent standard of living until they find new employment.
What is ILOE Insurance Dubai?
ILOE, or Involuntary Loss of Employment insurance, is a mandatory unemployment insurance scheme launched by the UAE government in 2022. It is designed to provide temporary financial assistance to employees who have lost their jobs due to circumstances beyond their control, such as company restructuring, downsizing, or the closure of a business.
The ILOE insurance scheme is open to both UAE nationals and expatriate residents who meet the eligibility criteria. It offers a monthly allowance of up to 60% of the employee’s most recent salary, with a maximum payout of AED 10,000 per month for Category A employees (earning AED 16,000 or less) and AED 20,000 per month for Category B employees (earning more than AED 16,000).
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Eligibility and Coverage
To be eligible for the ILOE insurance scheme, employees must meet the following criteria:
- Minimum Employment Duration: The employee must have been employed in the UAE for at least 6 months prior to being laid off or made redundant.
- Minimum Salary Requirement: The employee must have been earning a monthly salary of at least AED 4,000 (or AED 3,000 if employed for less than 6 months).
- Involuntary Job Loss: The employee must have lost their job due to reasons beyond their control, such as company restructuring, downsizing, or business closure. Employees who resign or are dismissed for disciplinary reasons are not eligible.
- Legal Presence in the UAE: The employee must be legally present in the UAE at the time of job loss.
The ILOE insurance scheme covers both private sector and government sector employees, including those working in free zones. However, it excludes certain categories of workers, such as domestic helpers, temporary contract employees, minors, and retirees who have started a new job.
Subscription and Payment Options
Subscribing to the ILOE insurance scheme is mandatory for all eligible employees in Dubai and the UAE. The subscription process can be completed through various channels, including the official ILOE portal (iloe. ae), the ILOE mobile app, exchange centres, business centres, telecom provider bills, and selected payment kiosks and apps.
Employees can choose to pay the insurance premiums on a monthly, quarterly, semi-annual, or annual basis. The premium cost varies based on the employee’s salary category:
- Category A (AED 16,000 or less per month): AED 5 per month, plus VAT
- Category B (more than AED 16,000 per month): AED 10 per month, plus VAT
It is important to note that the UAE government has set a deadline of October 1, 2023, for all eligible employees to register for the Iloe Insurance Dubai scheme. Failure to register within the specified timeframe may result in a penalty of AED 400, and an additional AED 200 fine for non-payment of premiums for more than 3 months.
ILOE Insurance Claims and Benefits
In the event of involuntary job loss, eligible employees can file a claim for ILOE insurance benefits. The claim must be submitted within 30 days of the job loss, and the employee must provide the necessary documentation, such as proof of employment, termination letter, and income details.
Once the claim is approved, the employee will receive a one-time payment, as well as a monthly allowance for up to 6 months. The monthly allowance is calculated as 60% of the employee’s average basic salary over the most recent 6 months prior to the job loss, up to the maximum limits of AED 10,000 for Category A and AED 20,000 for Category B.
It is important to note that the maximum compensation for any one claim is 3 consecutive months, and the maximum period of benefits is 12 monthly payments over the entire work life of the insured employee in the UAE.
ILOE Insurance App and Online Portal
To make theiloe insurance dubai scheme more accessible, the UAE government has launched the official ILOE mobile app and online portal (iloe.ae). These platforms allow employees to easily manage their ILOE insurance, including registration, premium payments, and claim submissions.
Through the ILOE app and portal, employees can:
- Registration: Register for the ILOE insurance scheme by providing their Emirates ID number, linked phone number, and email address.
- Premium Payments: Make timely premium payments through various digital payment methods, including credit/debit cards, e-wallets, and bank transfers.
- Claim Submission: Submit ILOE insurance claims in the event of involuntary job loss, uploading the required documentation.
- Benefit Tracking: Monitor the status of their ILOE insurance claims and track the monthly allowance payments.
The ILOE app and portal also provide users with information about the scheme, including eligibility criteria, coverage details, and payment options. Additionally, the app offers a “ILOE Quick Pay” service, which allows users to check for any outstanding fines and make prompt premium payments.
ILOE Insurance Fines and Penalties
The UAE government has introduced strict measures to ensure compliance with the iloe insurance dubai scheme. Employees who fail to register for the ILOE insurance within the specified deadline (October 1, 2023) will be subject to a penalty of AED 400.
Furthermore, employees who do not make their ILOE insurance premium payments for more than 3 months will be fined an additional AED 200.
It is crucial for all eligible employees in Dubai and the UAE to register for the ILOE insurance scheme and make timely premium payments to avoid these penalties and ensure their financial protection in the event of involuntary job loss.
Integrating ILOE Insurance with Fintech Apps
To further enhance the accessibility and convenience of the ILOE insurance scheme, the UAE government has partnered with various fintech companies to integrate the ILOE services into popular mobile apps.
One such example is the integration of iloe Insurance Dubai with the BOTIM messaging and calling app. Through the BOTIM app, users can easily register for the ILOE scheme, make premium payments, and even receive a free one-month VIP membership as an added benefit.
This collaboration between government entities and fintech providers aims to simplify the ILOE insurance process, making it more seamless and user-friendly for employees in Dubai and across the UAE.
FAQs
1. Is ILOE mandatory in UAE?
Yes, Involuntary Loss of Employment (ILOE) insurance is mandatory in the United Arab Emirates (UAE) for all employees in the private sector and those working in the federal government sector. Failure to subscribe to this insurance scheme can result in fines and cancellation of the insurance policy
2. How to contact Iloe Insurance UAE?
To contact iloe Insurance Dubai, you can reach out through the following channels:
- Phone: 600-599-555
- Email: iloehelp@dubins.ae
- SMS: Send your Emirates ID number to 2120
These contact methods are available for any inquiries or assistance related to the Involuntary Loss of Employment (ILOE) insurance scheme in the UAE
3. Who Is eligible for iloe insurance in the UAE?
Employees working in the private sector, federal government sector, and free zones in the United Arab Emirates (UAE) are eligible for Involuntary Loss of Employment (ILOE) insurance.
However, certain categories of workers are excluded from subscribing to the ILOE Insurance Scheme, including investors, domestic helpers, temporary contract workers, individuals under 18, and retirees entitled to a pension who have joined a new job
4. How to check fine iloe insurance UAE?
Based on the search results provided, here are the steps to check Iloe Insurance Dubai fines:
- Download the MOHRE (Ministry of Human Resources and Emiratisation) mobile app on your smartphone.
- Sign in or log in to the app using your UAE Pass credentials for secure access.
- Navigate to the “ILOE Quick Pay” option on the app’s home screen.
- Enter one of the following details to retrieve your ILOE information:
- Emirates ID number
- Unified Number (UID No.)
- Labor card number
- Personal code number (a 14-digit number on your labor card)
- Click the “Search” button to check if any fines are linked to your ILOE insurance status.
- The app will display any outstanding ILOE fines, allowing you to pay them online using a credit or debit card, or in installments.
After making the payment, the MOHRE will process it within one working day, ensuring a swift resolution to any ILOE insurance fines
Conclusion
The ILOE insurance scheme in Dubai and the UAE is a crucial initiative by the government to provide financial security and support to employees who face involuntary job loss. By offering temporary financial assistance and access to job training and placement services, the ILOE program helps ensure a decent standard of living for workers during periods of unemployment.
As the ILOE insurance scheme becomes mandatory for all eligible employees, it is essential for individuals in Dubai and the UAE to understand the program’s details, eligibility criteria, and subscription process. By registering for the ILOE insurance and making timely premium payments, employees can safeguard their financial well-being and access the necessary support in the event of unexpected job loss.
The integration of the ILOE insurance with fintech apps further enhances the scheme’s accessibility and convenience, making it easier for employees to manage their coverage and claims. As the UAE continues to strengthen its social protection measures, the ILOE insurance scheme stands as a testament to the government’s commitment to supporting its workforce and promoting economic stability.
