#iloedubai #joblossinsurence #InvoluntaryLossofEmployment #dubai #malayalam
How To Apply For Unemployment Insurance | Apply Uae Insurance ILOE | Freezone Employees | Job Loss Insurance in Malayalam
Website: https://www.iloe.ae/
UAE nationals and residents working in the private sector or the federal government are eligible for insurance.
How to subscribe to Unemployment Insurance Scheme?
The subscription to the Unemployment Insurance Scheme starts on January 1, 2023, as it aims to protect employees by offering them a maximum 3-month cash compensation as long as they did not resign or were dismissed for disciplinary reasons.
Compensation Benefits
💠The Monthly compensation is 60% of the average basic salary over the most recent 6 months prior to the Involuntary Loss of EmploymentFor
💠Category A: Maximum Claim Benefits: 10,000 AED per month
💠Category B: Maximum claim Amount: 20,000 AED per month
💠Maximum compensation for any one claim: 3 consecutive months 💠Maximum Period of Benefits: During the Insurance Period over the entire work life of the Insured in the United Arab Emirates the aggregate Claim Payment shall not exceed 12 monthly benefits (regardless of the number of Claims submitted).
CATEGORY A CATEGORY B
Basic Salary 16,000 AED or below Basic Salary Above 16,000 AED
5 AED+ VAT/MONTH 10 AED+VAT/ Month
Compensation Benefits Compensation Benefits
Up to 10,000 AED / month Up to 20,000 AED / month
Up to 3 months /claim Up to 3 months /claim
The policy period is available for 1 year or 2 years
Full VAT amount added to the 1st installment/payment
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