UAE-based employees can now subscribe to the mandatory insurance scheme against job loss. Spearheaded by the Ministry of Human Resources and Emiratisation (MoHRE), the insurance scheme has ultra-low monthly premiums that range from Dh5 to Dh10, with the insured getting 60 per cent of their basic salaries for three months in the event of job loss for reasons other than disciplinary action or resignation.
As Khaleej Times reported, subscribing to a plan under the scheme is mandatory, with fines of up to Dh400 listed for failure to do so.
Here is all you need to know.
Emiratis and residents working in the federal government and private sectors.
Source: Khaleej Times
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