ILOE Insurance in UAE 2025

What is ILOE Insurance?

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.

Eligibility Criteria to Buy ILOE Insurance

Who is Eligible?

• UAE nationals and residents employed in the federal government or private sectors.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day⁺

VIEW PLAN

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

VIEW PLAN

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

VIEW PLAN

Who is Exempted?

• 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

Compensation Benefits Under the ILOE Dubai Insurance 

• 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.

Subscription Plans for ILOE Dubai Insurance

Policy Period: 1 year or 2 years.

Payment Options Available Under ILOE Insurance

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

ILOE Insurance Claim Process

Alternative Ways of Buying Term Life Insurance 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.

Why NRIs in the UAE Consider Term Insurance 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.

How to Buy Term Life Insurance for NRI in UAE?

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.

Final Thoughts!

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.