Employees in the UAE can now subscribe to the job loss insurance scheme through etisalat by e& as the deadline for the subscription approaches.
According to Khaleej Times, this is the second channel that has been activated this month to subscribe to the Involuntary Loss of Employment Scheme (ILOE).
Earlier this month, consumer technology holding group Astra Tech announced a strategic partnership with the ILOE insurance pool represented by Dubai Insurance Company to offer the ILOE insurance through the Botim app.
The mandatory job loss insurance was launched on January 1, 2023, for employees working in the private sector and the federal government sector. The workers were given January to June time to subscribe.
But the deadline was extended to October 1, 2023, failing which a Dh400 fine will be imposed on employees for not registering in the scheme.
Employees in the UAE can subscribe to the scheme through the largest telecom services provider by sending an SMS to 2120. They have to type in ID then space and then give the Emirates ID number.
Currently, employees can also subscribe through ILOE’s official website and app, MBME and UPAY kiosks, bcenters (Tawjeeh and Tasheel) and Al Ansari Exchange branches and App.
The number of subscribers has surpassed 5 million since the subscription opened on January 1, 2023.
In addition, all the companies above 15 employees who are not registered in MoHRE can subscribe on behalf of their employees by sharing the required documents to companyreg@iloe.ae. (NewsWire)