UAE

You will get the benefit of Job Loss Insurance Scheme only after investing for 12 months continuously, new guidelines for employees – GulfHindi.com

Gulf Desk Gulf DeskAugust 28, 2024

40 1 minute read

It is mandatory for all workers in the United Arab Emirates to invest in the Job Loss Insurance Scheme. All workers are advised that they must invest in this insurance scheme. With the help of this insurance scheme, when workers lose their jobs, they are provided financial assistance.

This unemployment insurance scheme is divided into two categories

The first coverage of this insurance is for a basic salary of Dh16,000 or less. The insurance premium is fixed at Dh5 per month. Also, the maximum monthly compensation is Dh10,000. Talking about the second category, the basic salary is Dh16,000. There is an insurance premium of Dh10 per month and a monthly compensation of Dh20,000 is also provided in it.

Employees should keep in mind that they can claim this insurance only if they have invested in it for 12 consecutive months. If the employee has cancelled the residency or left the country or taken up a new job, then he is not given compensation. Will go.

6 Years of experience in journalism. Satyam holds journalism degree from patna JD Women College. Satyam has been a sound voice for expats of India in mid-east and world. Associated with Gulfhindi.com since 2020. Can be reached at hello@gulfhindi.com with Subject line “Reach Satyam Kumari.”

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