Dubai ∙ In the UAE, insurance has been introduced for those who lose their jobs. According to the Ministry of Human Resources and Indigenization, the scheme will provide 60 percent of the salary every month for up to three months following leaving the job.
This is a social security scheme for those who lose their jobs until they find a new job. Insurance can be taken through insurance companies licensed by the UAE Central Bank. The beneficiaries of the scheme will be those who have continuously worked for a company for 12 months. This period is decided from the date of insurance. 60 percent of the salary received up to three months.
The maximum monthly payout is AED 20,000. All public and private sector employees will be covered by insurance. But in case of dismissal due to disciplinary action, the amount will not be received. Entrepreneurs, domestic workers, temporary contract employees and those below 18 years of age are also not covered under the scheme.
