Emaratalyoum, 24 February 2023: Insurance companies working with the UAE’s Human Resources and Emiratization Ministry have been receiving compulsory insurance requests for unemployment insurance from employees in both the private and public sectors.
Failure to obtain this insurance could result in a fine of up to 400 AED.
This type of insurance was mandated by Federal Decree-Law No. 13/2022 Concerning Unemployment Insurance to provide employees with a three-month income equivalent to 60 per cent of their salary value if they leave work for reasons beyond their control or non-disciplinary reasons.
The insurance cannot be assigned to others or transferred to any other individual or company at any time.
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