The Involuntary Loss of Employment (ILOE) Insurance scheme is a government-mandated initiative in the United Arab Emirates designed to provide financial support to employees who lose their jobs due to reasons beyond their control. Implemented under Federal Decree Law No. 13 of 2022, the scheme aims to offer a safety net for both UAE nationals and residents working in the private and federal government sectors.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
ILOE Insurance is a social security program that offers temporary financial assistance to eligible employees who have been involuntarily unemployed. Similar to an income protection term insurance plan, this scheme ensures that individuals can maintain a basic standard of living while seeking new employment opportunities.
UAE nationals and residents employed in the federal government or private sectors.
Term Plans
Investors (owners of companies they work at)
Domestic helpers
Temporary-contract workers
Juveniles under the age of 18
Retirees entitled to a pension who have joined a new job
Monthly Compensation: 60% of the average basic salary over the most recent 6 months prior to unemployment.
Maximum Compensation per Claim:
Category A: Up to AED 10,000 per month
Category B: Up to AED 20,000 per month
Duration: Maximum of 3 consecutive months per claim.
Total Benefit Limit: The aggregate claim payment shall not exceed 12 monthly benefits over the entire work life of the insured in the UAE.
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| Category | Basic Salary Range | Monthly Premium (Excl. VAT) | Maximum Monthly Compensation |
| Category A | AED 16,000 or below | AED 5 | Up to AED 10,000 |
| Category B | Above AED 16,000 | AED 10 | Up to AED 20,000 |
Policy Period: 1 year or 2 years.
Here are the following options available with term insurance for NRI in Abu Dhabi with ILOE insurance:
Monthly
Quarterly
Semi-Annually
Annually
Note: Full VAT amount is added to the first instalment/payment
| Criteria | Details |
| Eligibility to Claim | Minimum 12 consecutive months of subscription |
| Claim Time Limit | Within 30 days from termination date |
| Disqualification Reasons | Resignation, disciplinary dismissal, fraudulent claims, labor strikes, absconding, or fabricated employment |
| Required Condition | Must be legally residing in the UAE |
| Claim Submission Channels | - ILOE Portal - ILOE Mobile App - Call Center: 600 599 555 |
| Benefit Duration | Max. 3 consecutive months per claim |
| Total Benefit Limit | Cumulative of up to 12 months over the entire career in UAE |
While ILOE Insurance (Involuntary Loss of Employment) provides essential short-term income protection during unforeseen job loss, many NRIs in Dubai, UAE look to further enhance their family’s long-term financial security with term life insurance for NRIs from Indian insurers.
Cost Efficiency: Indian term life insurance plans are available at premiums much lower than international term plans.
GST Waiver & Annual Discounts: Eligible NRIs can benefit from an 18% GST waiver on premiums and enjoy an additional 5% discount when opting for annual payment modes.
Seamless Medical Process: Insurers now allow tele or video-based medical evaluations, removing the need to travel to India for policy medical checkups.
Worldwide Protection: Term plans for NRI offer global coverage, ensuring financial support for your loved ones regardless of your location.
Smart Exit Benefits: Certain plans come with a refund of premium feature, allowing you to receive all premiums paid on early exit of the policy.
You can buy term life insurance for NRIs in the UAE in the following ways:
Step 1: Visit the term insurance for NRI page of Policybazaar
Step 2: Fill in your name, gender, contact details and more
Step 3: Select the right occupation type, annual income, smoking habit, and educational qualifications
Step 4: Choose the best term insurance for NRI in Dubai from Indian Insurers
You can use the term insurance for NRI premium calculator to accurately estimate the premiums payable for your profile.
ILOE Insurance provides essential financial protection against unexpected job loss in Dubai, offering stability while you transition to new opportunities. Enrolling ensures compliance and secures peace of mind. For a more comprehensive protection, NRIs can also explore term life insurance options from trusted Indian insurers to strengthen their long-term financial plans.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
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