How to Renew ILOE Insurance in the UAE?
Introduction
This insurance is considered a crucial safety net for employees. Its coverage will offer great financial assistance if the employee loses their job unexpectedly. As the job market continually evolves, it is crucial to know how to renew ILOE insurance policy. It maintains the worker’s coverage and ensures mental peace.
This is why many are now seeking to renew their ILOE subscriptions after having the insurance policy for over a year. If you are unsure about the process, this guide will walk you through the ILOE renewal in the UAE, ensuring you stay protected.
What is ILOE Insurance?
It is a scheme by the UAE Government to provide temporary financial assistance to employees, as discussed above. The aim of this insurance scheme is to provide individuals in the private and federal government sectors with compensation for up to 3 months per claim in case of job loss due to termination. Therefore, in simple terms, it offers temporary financial support during unemployment caused by termination.
This scheme was started by the government to offer these individuals a dignified life in the United Arab Emirates. It also seeks to boost the competitiveness of Emirati professionals in the job market, attract top global talent, and ensure their retention. However, keep in mind that this scheme is not for covering job losses because of resignation or disciplinary action.
Is ILOE Insurance Mandatory?
Wondering if is ILOE mandatory? Yes, it is to subscribe to every private sector and federal government sector employee to subscribe to the ILOE insurance scheme.
It came into effect on 1 January 2023 as a mandatory insurance program for the unemployment period. So, every eligible individual has to subscribe to it. During that time, the ILOE website prevented employees in free zones from subscribing to the insurance program.
But, again, on 3 May 2023, the authorities updated the website. The portal now directs private sector employees who are working for companies that are not registered with the Ministry of Human Resources and Emiratisation to do their subscription under the "Non-Registered in MOHRE" list. This change allows them to complete their subscription process accordingly.
When to Renew Your ILOE Insurance?
Moreover, the insured employee has to submit the claims within 30 days from the date of termination. They can submit it through the portal, mobile APP, and call centre at 600599555. You can also check out specific channels by the MOHRE linked with the insurance pool.
The policy period lasts at least twelve months, beginning from the Policy/Insurance Certificate Inception Date and ending on the Policy/Insurance Certificate Expiry Date. It automatically renews for the duration of the worker’s or employee’s service period in the country as long as the insured complies with the subscription and insurance premium payment terms. These terms and conditions must align with those approved by the Ministry.
Documents required for ILOE insurance renewal
Passport Copy
Emirates ID
Maintain an active ILOE policy with all premiums fully paid and updated.
Make sure you are currently employed in the country. You may have to submit supportive documents.
Note – Make sure to keep all the above documents ready for a seamless renewal process.
How to Renew ILOE Insurance Online?
1. The foremost step is to check eligibility:
3. Go Through the Enrolment Options:
Direct Enrolment: To subscribe without extra fees, access the official ILOE portal or mobile app, which allows direct enrollment. Make sure to keep your Emirates ID and contact details besides filling out the necessary details during the enrollment process.
Service Providers: This will cost you additional charges when you prefer to subscribe with the help of approved providers.
5. Insurance Certification:
How much does it cost to renew ILOE insurance?
| Category A | Category B | |
|---|---|---|
| Basic salary | Dhs16,000 or less | exceeding Dhs16,000 |
| Compensation | Will get maximum benefits of up to Dhs10,000 per month | Will get maximum benefits of up to Dhs20,000 per month |
Reasons for Receiving Unemployment Insurance Fines
| Reason | Explanation |
|---|---|
| Missed Enrolment Deadline | If you fail to enrol within the first four months of employment, you may face fines starting at AED 400. |
| Payment Issues | Due to technical issues or missed payments, which leads to penalties. Make sure to verify your payment status. |
| Expired Insurance | If you fail to renew the policy before it expires, penalties will be applied. So, ensure to set reminders for timely renewals. |
How to Check Unemployment Insurance Fine?
You need to create your account if you have never created one earlier. For this, keep your Emirates ID ready and link your mobile number to it.
Next, you have to sign in with your ID and enter the OTP, which will be sent to your registered mobile number.
After successful login, go to the ‘Dashboard’. Here, you will find the details of your insurance, current payment status, and fines applicable.
Ensure the ID is correctly linked for easy access.
In order to check your fine amount, move to the ‘Fines’ section
Select the “Check Fines” option to see any pending penalties.
If you have any fines, the details will appear along with the payment due date.
Frequently Asked Questions about ILOE Insurance Renewal
The full form of ILOE insurance is Involuntary Loss of Employment in UAE.
If you do not pay your premiums within three months of the due date, your insurance policy will be cancelled, and you will be subjected to an AED 200 fine.
If you exceed three months from the due date of the insurance premium, your policy will be cancelled, Parad, and you must pay the fine as per the applicable law.
Yes, you can successfully update your personal details during the renewal process of ILOE.
Yes, you will get a three-month grace period from the due date to renew your insurance.
If you face any issues or have any sort of queries, visit www.iloe.ae or contact the ILOE insurance pool by calling 600 599 555.
