Ministry of Human Resources sets out strict measures as it announces around 6.6 million have registered for the scheme.
Introduction
The UAE’s Ministry of Human Resources and Emiratisation has instituted strict measures for workers who missed the October 1 deadline to sign up for the country’s job loss insurance scheme. Failure to register on time entails financial penalties and visa renewal restrictions.
Penalties for Missed Deadlines
Employees who failed to meet the October 1 registration deadline face fines of Dh400, with an additional Dh200 penalty if insurance premiums remain unpaid within three months from the due date.
Administrative Measures in Place
The Ministry disclosed that fines will be deducted from salaries or end-of-service gratuities as part of administrative actions. This underscores the significance of timely compliance with the scheme’s regulations.
Payment Options
The job loss insurance scheme offers flexibility in payment methods. Subscribers have the choice to make a single payment for a year’s subscription or opt for quarterly or monthly payments.
Impact on Visa Renewals
Workers who missed the registration deadline will encounter hurdles in renewing their work visas until they settle the fines incurred due to non-compliance.
Conclusion
Awareness of the deadlines and adherence to the regulations set by the job loss insurance scheme is paramount for employees in the UAE. Non-compliance not only results in financial penalties but also hampers the renewal of essential work visas.
