Losing a job without any reason is not a good experience for any employer in the UAE. Moreover, at that time, ILOE insurance releases stress and offers peace of mind. It is vital for every policyholder to renew insurance on time to avail of benefits from it. This blog provides every detail that you need to know about the ILOE insurance renewal process. Furthermore, we will also discuss the requirements and benefits that come with ILOE insurance in this vibrant country.
What is ILOE Insurance?
Involuntary Loss of Employment Insurance is a type of insurance that is important in the UAE for employees. Moreover, it is useful on those bad days when you lose your job without your own fault. In addition, it is a temporary support and also helps financially while you look for a new job.
Benefits of Renewing ILOE Insurance
Renewing ILOE policies is beneficial and provides reliability in those days when you do not have any job. Some of its benefits include:
- Coverage in case of unemployment for up to three months.
- Protection for financial stability during unemployment.
- Helpful for employees of the UAE to comply with government laws.
- Saves you from penalties for policy lapses.
- Simple and easy renewal process without worrying about any type of flexible payment.
ILOE Insurance Renewal Requirements
In order to your ILOE insurance renewed, you have to meet the following conditions:
- Emirates ID.
- Current UAE residency visa.
- Active insurance policy without any outstanding fines.
- ILOE insurance premium payment that you have to give before the deadline.
How to Renew ILOE Insurance?
Renewal Method | Description | Cost (AED) | Processing Time |
Online Portal | Renew via the official ILOE website using your Emirates ID. | Standard premium | Immediate |
Mobile App | Renew through the ILOE mobile app on your smartphone. | Standard premium | Immediate |
Exchange Centers | Renew in person at exchange houses like Al Ansari Exchange. | Standard premium | 15–30 minutes |
Business Centers | Visit the Tawjeeh or Tasheel branches for assistance with renewal. | Standard premium | 15–30 minutes |
SMS Service | Send your Emirates ID number via SMS to the designated ILOE service number. | Standard premium | Instant to 24 hours |
Bank Apps and ATMs | Renew through participating banks’ mobile apps or ATMs. | Standard premium | 1–3 business days |
Renewing ILOE Insurance is quick and easy, as it can be completed through various methods. You can renew your ILOE Insurance in the following ways:
Renewing Through the Official Website
- For this, you need to go to www.iloe.ae.
- After that, log in by using your valid Emirates ID.
- Click on Renew policy.
- Choose your coverage plan and pay the insurance premium.
Using The Mobile Application
- The official ILOE app is also helpful in the renewal process that you can download from the App store or Apple Store.
- After this, open the app and sign in.
- Select “insurance renewal” and complete your payment.
Using MOHRE Or TAMM Websites
- Go to the MOHRE or TAMM portal and log in.
- Look for the ILOE insurance renewal section.
- Verify your policy and proceed with the payment.
At Banks And Exchange Centers
- Go to any authorized bank or exchange center that is closer to you in the UAE.
- Show your Emirates ID and your insurance documents to the representative.
- After this, pay the renewal fee and you can receive a confirmation message.
Changes During Insurance Renewal
While renewing ILOE insurance, you may find changes to your insurance policy such as:
- Revisions to the premium if there are any changes in salary or employment.
- Changes in insurance documents as per the policies of the UAE.
- Additional terms and conditions by the insurance provider.
Insurance Renewal Reminders and Penalties
If you are willing to avoid fines or penalties then remember to make insurance renewal on time. Moreover, the following penalties may occur if you are not able to renew:
- Up to AED 400 will be charged as a penalty fee.
- Work permit application may be suspended.
- There is a high chance that you may lose access to ILOE insurance policy details and benefits.
Insurance renewal reminders are helpful that you can set via SMS, emails, or app notifications.
ILOE Insurance Customer Support
For any ILOE insurance renewal conflict or issue, you can also contact the ILOE insurance customer support:
Call: 600 599 555
Email: support@iloe.ae.
Visit the nearest MOHRE service center.
Claims Process After Renewal
If someone loses his job after renewing his policy, he may proceed with a claims process that is offered by authorities. The following steps have to be undertaken:
- Claims application through insurance provider website.
- Relevant insurance documents with termination proof will have to be submitted.
- Await for the approval and receive financial assistance within two weeks.