Dubai: Have you forgotten to pay your UAE unemployment insurance premium? Missing a payment under the Involuntary Loss of Employment (ILOE) scheme does not mean your policy will be cancelled immediately.
However, leaving your premiums unpaid for more than three months could result in cancellation, a Dh200 fine and the loss of your insurance benefits.
The ILOE scheme provides financial support to eligible employees in the UAE who lose their jobs for reasons other than resignation or disciplinary action. Subscribers can receive compensation for up to three months, provided they meet the scheme's eligibility requirements.
Here is what happens if you miss a payment, how long you have to settle outstanding premiums and what to do if your policy has been cancelled.
How long can you go without paying ILOE insurance?
According to the official ILOE website, employees must pay their insurance premiums according to the payment plan selected when subscribing to the scheme.
If an employee fails to pay their premiums for a period exceeding three months from the payment due date, their insurance policy will be cancelled.
This means missing a single payment does not automatically result in cancellation. However, subscribers should settle outstanding premiums as soon as possible to avoid penalties.
What is the fine for missing an ILOE payment?
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