The required job loss insurance programme has more than 5.73 million UAE workers registered, with 5.6 million working in the private sector and the remaining in employment with the federal government.
A AED400 fee will be assessed for failure to join before the deadline of October 1. Investors, domestic workers, temporary employees, children under 18, and retirees with pensions who have found new employment are excluded from the plan.
The programme serves as a cost-effective safety net for workers who face a loss of employment by offering temporary financial assistance. There are two salary-based groups, each with different premium rates and salary restrictions.
One must be enrolled for at least 12 continuous months to be eligible for compensation, and this entitlement is lost when they leave the country or get a new employment.
