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A simple and easy 3 step process to get your Iloe Insurance online.
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A simple and easy 3 step process to get your Iloe Insurance online.
While saving your Time, effort, and money.
Google Rating
Mobashar Hussain I had a great experience with Insurancehub. It is so easy to reimburse your claims with them. I would call their customer service team for help and they have been responsive and they care about your inquiry. Thank you Insurancehub team!
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Think of your career as a steady journey. An unexpected bump, like an involuntary job loss, can sometimes throw you off course. This is where ILOE insurance comes in, acting as your financial parachute. It's designed to give you a soft landing, preventing a sudden fall into financial difficulty. This mandatory programme is a new standard for professionals in the UAE, safeguarding your most important asset: your income.
Unlike a standard insurance policy, ILOE insurance is a government-supported programme. Its purpose is to turn the stressful experience of unemployment into a more manageable period of transition. It achieves this by providing a temporary income, giving you the time and space to find your next job without the immediate pressure of mounting bills. Introduced in late 2022, this system marked a significant advancement in employee welfare for the region.
This financial buffer does more than just cover expenses; it offers genuine peace of mind. Knowing you have this safety net can empower you to make bolder career moves and explore new opportunities with greater confidence. It's become a key part of financial planning for anyone working in the Emirates.
The concept is straightforward. For a small monthly payment, you are entitled to a cash benefit if you lose your job for reasons outside of your control. This benefit is set at 60% of your average basic salary (calculated over the six months before your job ended) and is paid for up to three consecutive months for each claim.
This structure helps to close the income gap while you concentrate on your job search.
The ILOE insurance scheme uses a simple two-category system to help you find the right level of financial protection. Think of it like choosing a mobile data plan: you pick the one that best matches your usage and budget. Your category is automatically set based on your basic salary, making sure your coverage is always a perfect fit.
If your basic monthly salary is 16,000 AED or less, you'll be in Category A. This tier offers a solid financial safety net. The monthly premium is remarkably low at just 5 AED plus VAT. If you experience an involuntary job loss, you can receive compensation of up to 10,000 AED per month for a maximum of three straight months.
For those whose basic salary is above 16,000 AED, you will be placed in Category B. This level provides a higher degree of security for a small premium of 10 AED plus VAT each month. The main advantage is the increased compensation, which doubles to a maximum of 20,000 AED per month for up to three months.
| Feature | Category A (≤16,000 AED) | Category B (>16,000 AED) |
|---|---|---|
| Basic Salary | 16,000 AED or less | More than 16,000 AED |
| Monthly Premium | 5 AED + VAT | 10 AED + VAT |
| Max. Monthly Compensation | 10,000 AED | 20,000 AED |
| Compensation Duration | Up to 3 consecutive months | Up to 3 consecutive months |
| Annual Premium | 60 AED + VAT | 120 AED + VAT |
When you're planning your finances, it's crucial to look past the policy jargon and see the real numbers that could support you after an unexpected job loss. The foundation of ILOE Dubai insurance compensation is a simple formula: 60% of your average basic salary, calculated using your earnings from the six months right before your employment ended.
Scenario 1: If you're a Category A employee earning 15,000 AED/month:
Calculation: 15,000 AED × 60% = 9,000 AED → You’ll receive 9,000 AED per month (under the 10,000 AED cap).
Scenario 2: If you're a Category B employee earning 35,000 AED/month:
Calculation: 35,000 AED × 60% = 21,000 AED → You’ll receive 20,000 AED per month (due to the cap).
Your compensation payments will last for a maximum of three consecutive months for any single claim. There's also a lifetime limit: throughout your entire career in the UAE, you can receive a total of 12 monthly benefit payments.
This structure shows that ILOE is designed as a temporary financial bridge, not a long-term income replacement. It provides a vital safety net while you find your next opportunity. The UAE’s proactive economic policies contribute to a stable job market, and this insurance adds another layer of security for residents.
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Losing your job suddenly can be a big financial blow. The Involuntary Loss of Employment or ILOE insurance is a scheme made in accordance with Federal Decree-Law No. 13 of 2022. It offers financial security to workers who have faced unemployment for reasons other than resignation or disciplinary action. This plan offers support until they secure a new job. Insurancehub.ae is a prominent insurance comparison portal in the UAE. Here, you will find the best ILOE insurance UAE plans. Our expert agents make the negotiation process easy to help you get the most suitable deals for your needs.
Residents of the UAE and Emirates who work for the federal government or in the private sector are eligible to apply for this plan, which is mandatory for all eligible employees. How to Subscribe for an ILOE Scheme?
There are two main ways to register for ILOE insurance UAE. One is through a direct channel, which is free of charge. You can also subscribe through other channels, but this can result in additional fees.
ILOE insurance can be paid monthly, quarterly, semi-annually, or annually. Individuals purchasing this scheme can pay online using their MasterCard and Visa, credit or debit card, in AED. Once paid, premiums are not refundable.
There are two main plans for the ILOE that you can choose from. These are explained in the table below.
| PLAN | BASIC SALARY | PREMIUM | COMPENSATION BENEFIT | DURATION |
|---|---|---|---|---|
| Category A | AED 16,000 or less | AED 5 + VAT/month | Up to AED 10,000 per month | Up to 3 months/claim |
| Category B | Above AED 16,000 | AED 10 + VAT/month | Up to AED 20,000 per month | Up to 3 months/claim |
There are two ways to renew the ILOE scheme: the Mobile App or the ILOE Portal. The steps for both are presented below.
Through Online Portal:
Through Mobile App:
At Insurancehub.ae, we make comparing the different ILOE and other insurance plans easier by bringing them under one portal. We offer accurate information about each plan, and you can compare quotes to help you assess better. With us, you
And make the best insurance purchase, So why wait? Visit Insurancehub.ae now!
| Registration Method | Availability | Additional Charges | Convenience Level |
|---|---|---|---|
| ILOE Portal (Website) | Online, 24/7 | None | High (Self-service) |
| ILOE Mobile App | Mobile, 24/7 | None | High (Self-service) |
| Exchange Centres | In-person, business hours | Yes (Service fee applies) | Medium (Assisted) |
| Business Centres | In-person, business hours | Yes (Service fee applies) | Medium (Assisted) |
| Partner Bank ATMs/Apps | Online, 24/7 | Varies by bank | High (Integrated) |
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